ChargePoint

EV chargingUSA

New to Unitard

📉 Public < $1B

Peak $10 BillionToday

−98%

from peak

🦄
Became a unicorn
2021
📈
Peak valuation
$10 Billion ’21
💔
Became a Unitard
~2022
💸
Last valuation
~$224M

Current status

Public; reverse split

Live · CHPT· NYSE

as of 2026-10-23

$8.35▲ 20.84% today

≈ $224 Million market cap · −97.8% from peak

The rise & fall

8 moments · 2007–2025

The key moments, with employee sentiment along the way.

2007

Founded as Coulomb Technologies

A Silicon Valley bet on charging stations years before EVs go mainstream; later renamed ChargePoint.

Wikipedia

2021

The peak: SPAC debut near $10B$10B

Completes the Switchback Energy merger and lists on the NYSE — straight into the unicorn club at a ~$10B valuation.

Reuters

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

2022–25

From the inside · Glassdoor reviews, 2022–25

Glassdoor reviews tracked the descent: employees described a post-SPAC hiring spree giving way to repeated layoff rounds — several counted two or more a year — as strategy shifted every quarter and US roles moved offshore.

2023

Leadership shake-up

The longtime CEO steps down after disappointing results.

Reuters

2023–24

Repeated layoff rounds

Successive cuts as the company chases profitability that never arrives on schedule.

TechCrunch

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

Still in the club — and still trading

Live · CHPT · NYSEas of 2026-10-23

$8.35▲ 20.84% today≈ $224M cap · −97.8% from peak

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; 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 Romano
CEO 2011-2023 (hired four years after founding; led the SPAC and the peak)
Now Chief Executive Officer at TempoLinkedIn ↗
Richard Lowenthal
co-founder; founding CEO 2007-2011, then CTO
Now Goofing offLinkedIn ↗
Praveen Mandal
co-founder
Now Co-founder and CEO at JoulesAILinkedIn ↗
Harjinder Bhade
co-founder
No public profile matched
Dave Baxter
co-founder
No public profile matched