A ChargePoint Inc. charging plug sits connected to an electric vehicle (EV) at a station in Los Angeles, California, U.S., on Tuesday, July 11, 2017. City Council committee signed off financing for a program to provide more than $1.1 million in funding to add dozens of EV charging stations around the city in addition to the 560 already in place at city facilities and street locations.

ChargePoint Raises New Round as Investors Rush to Electric Cars