About EVgo
EVgo is a company based in Los Angeles (United States) founded in 2010 was acquired by LS Power in December 2019.. The company has 331 employees as of December 31, 2024. EVgo has completed 1 acquisition, including Recargo. EVgo offers products and services including EVgo App and Fast Charging Stations. EVgo operates in a competitive market with competitors including ChargePoint, EV Connect, FreeWire, Electrify America and Blink Charging, among others.
- Headquarter Los Angeles, United States
- Employees 331 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Evgo Inc.
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IPO & Listings of EVgo
EVgo is a publicly listed company on the NASDAQ with ticker symbol EVGO in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of EVgo
EVgo offers a comprehensive portfolio of products and services, including EVgo App and Fast Charging Stations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for locating and managing EV charging sessions.
Public DC fast chargers for quick electric vehicle recharges.
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Software Development Team
50 people
Leadership Team
21 people
Senior Team
13 people
Finance and Accounting
11 people
Operations Team
9 people
Product Management Team
7 people
Legal and Compliance
5 people
Sales and Marketing
3 people
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Funding Insights of EVgo
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Grant - EVgo | Valuation |
investors |
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| May, 2016 | Amount | Private Equity Round - EVgo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EVgo
EVgo has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include LS Power, Department of Environmental Protection and Vision Ridge Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic venture capital firm funding companies in the US
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Founded Year | Domain | Location | |
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Air pollution control and environmental protection services are provided.
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Founded Year | Domain | Location | |
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Infrastructure fund focused on power generation & transmission
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by EVgo
EVgo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Recargo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile applications for electric vehicle drivers are developed.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - EVgo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evgo Comparisons
Competitors of EVgo
EVgo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ChargePoint, EV Connect, FreeWire, Electrify America and Blink Charging, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-enabled EV charging stations are operated for diverse sectors.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging software and solutions
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| domain | founded_year | HQ Location |
Electric-vehicle charging solutions are developed and provided by FreeWire.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging solutions
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| domain | founded_year | HQ Location |
Electric vehicle charging networks and SaaS solutions are operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evgo
Frequently Asked Questions about EVgo
When was EVgo founded?
EVgo was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is EVgo located?
EVgo is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of EVgo?
Cathy Zoi is the current CEO of EVgo.
How many employees does EVgo have?
As of Dec 31, 2024, the latest employee count at EVgo is 331.
What is the annual revenue of EVgo?
Annual revenue of EVgo is $256.82M as on Dec 31, 2024.
What does EVgo do?
EVgo was founded in 2010 in Los Angeles, United States, and operates within the electric vehicle infrastructure sector. Charging stations are provided to rideshare services, corporate fleets, and individual users, with a focus on DC fast-charging technology. A mobile application is offered for Android and iOS devices, enabling users to locate nearby stations. Operations are centered in the United States, supporting broader EV adoption through accessible charging networks.
Who are the top competitors of EVgo?
EVgo's top competitors include EV Connect, ChargePoint and Blink Charging.
What products or services does EVgo offer?
EVgo offers EVgo App and Fast Charging Stations.
Is EVgo publicly traded?
Yes, EVgo is publicly traded on NASDAQ under the ticker symbol EVGO.
How many acquisitions has EVgo made?
EVgo has made 1 acquisition, including Recargo.
Who are EVgo's investors?
EVgo has 3 investors. Key investors include LS Power, Department of Environmental Protection, and Vision Ridge Partners.
What is EVgo's ticker symbol?
The ticker symbol of EVgo is EVGO on NASDAQ.
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