ALD SA and ChargePoint Holdings Inc. announced Tuesday an agreement to form an electric-vehicle-charging business in Europe. The product, based in Paris, will launch in the fourth quarter and allow drivers to find and pay for charging stations via an app, as well as offer reimbursement reports to fleet managers. The app will also provide access to over 485,000 charging points at public roads, in offices, and at home. The new business, delivering a payment card for customers, aims to speed up EV adoption among corporate fleets, and will be initially available in France and the Netherlands, before expanding to the rest of Europe by 2025.

ABD SA is a majority-owned French car-leasing company by Societe Generale SA. It has been working with ChargePoint since 2019 and offers customers the option to bundle leasing and charging services.

ChargePoint Holdings Inc. is an American EV-infrastructure firm. It has recently partnered up with several industry leaders to offer EV-charging solutions to users, establishing itself as a key player in the EV-charging market.

David Sachs, the journalist responsible for this article, is a reporter for The Wall Street Journal. Since joining the newspaper in 2011, he has covered a variety of topics, ranging from global markets and economies to science and technology. David’s expertise and unique approach to stories have made him one of the most well-respected journalists in the market.