May 7, 2012 | last updated June 1, 2012 2:22 pm

The Hartford invests in auto charging-station vendor

The venture-capital arm of Hartford Financial Services Group Inc. teamed with Japan auto giant Toyota and one of America's legendary high-tech investors to pump $47.5 million into the world's largest online electric-vehicle charging station locator-billing service, authorities say.

Hartford Ventures, along with Toyota Tsusho Corp., Braemar Energy Ventures and Kleiner Perkins Caulfield & Byers invested to expand Coulomb Technologies Inc.'s ChargePoint network of charging stations.

The specific investment for each wasn't revealed Monday.

Hartford Ventures has previously said its investment size ranges from $1 million to $3 million, and target areas include telematics, clean tech, and data security. The Hartford also is one of the leading insurers of electric and hybrid vehicles.

Coulomb, based in Campbell, Calif., provides its services in 14 countries.

Representatives for Braemar and Kleiner Perkins have joined Coulomb's board.


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