ChargePoint
EV chargingUSA
New to Unitard
π Public < $1B
PeakΒ $10 BillionToday
β98%
from peak
- π¦Became a unicorn2021
- πPeak valuation$10 Billion β21
- πBecame a Unitard~2022
- πΈLast valuation~$253M
Current status
Public; reverse split
Live Β· CHPTΒ· NYSE
as of 2026-09-21
$9.41β² 6.45% today
βΒ $253 Million market cap Β· β97.5% from peak
The rise & fall
8 moments Β· 2007β2025The key moments, with employee sentiment along the way.
2007
2007
Founded as Coulomb Technologies
A Silicon Valley bet on charging stations years before EVs go mainstream; later renamed ChargePoint.
Wikipedia
2021
2021
The peak: SPAC debut near $10B$10B
Completes the Switchback Energy merger and lists on the NYSE β straight into the unicorn club at a ~$10B valuation.
Reuters
2022
2022
Slips out of the club
Persistent losses, slowing EV-adoption growth and heavy competition start a ~98% slide in the market cap.
stockanalysis.com
2022β25
From the inside Β· Glassdoor reviews, 2022β25
Glassdoor reviews tracked the descent: employees described a post-SPAC hiring spree giving way to repeated layoff rounds β several counted two or more a year β as strategy shifted every quarter and US roles moved offshore.
2023
2023
Leadership shake-up
The longtime CEO steps down after disappointing results.
Reuters
2023β24
2023β24
Repeated layoff rounds
Successive cuts as the company chases profitability that never arrives on schedule.
TechCrunch
2025
2025
Reverse split to hold the listing
With the market cap in the low hundreds of millions, a reverse stock split keeps the shares listed.
Reuters
Today
Today
Still in the club β and still trading
Live Β· CHPT Β· NYSEas of 2026-09-21
$9.41β² 6.45% todayβ $253M cap Β· β97.5% from peak
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
ChargePoint operates one of the largest EV charging networks in North America and went public via SPAC in 2021 at a valuation near $10B. Persistent losses, slowing EV-adoption growth, and intense competition drove its market capitalization down roughly 98% to around $0.15B, and it executed a reverse stock split to hold its listing.
Source: Public market cap ~$144M (stockanalysis.com, Jun 2026)
Founders & leadership
- Pasquale RomanoCEO 2011-2023 (hired four years after founding; led the SPAC and the peak)
- Harjinder Bhadeco-founderNo public profile matched
- Dave Baxterco-founderNo public profile matched
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
