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ChargePoint

EV chargingUSA
📉 Public < $1B
Peak $10 BillionToday
~-98%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $10 Billion ’21
  3. 💔
    Became a Unitard
    ~2022
  4. 💸
    Last valuation
    ~$200M
Current status
Public ~$0.15B; reverse split

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. The company executed a reverse stock split to maintain its listing as its valuation collapsed well below the $1B unicorn threshold.

Source: PitchBook May 2026