ChargePoint Launches New Home Charging Solution for European Company Fleets

ChargePoint Holdings Inc. (NYSE:CHPT) is one of the best penny stocks under $1 to buy now. On July 2, ChargePoint introduced a home charging solution for European company car fleets. It combines the Flex Plus charger with ChargePoint’s Driver Management Solution.

This directly addresses the challenge of home charging for company vehicles, which constitute 60% of new car sales in Europe. The Flex Plus is the first charger to be built on ChargePoint’s new AC charging architecture.

It incorporates features like real-time dynamic load management, which automatically adjusts charging speeds to optimize power usage without requiring expensive electrical service upgrades to the home. The charger also boasts smart home compatibility.

ChargePoint Holdings Inc. (NYSE:CHPT) is a company that provides EV charging networks and charging solutions in North America and Europe.

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Disclosure: None. This article is originally published at Insider Monkey.