About Recargo
Recargo is a company based in Los Angeles (United States) founded in 2010 was acquired by EVgo in July 2021.. Recargo has raised $2 million across 1 funding round from investors including EVgo and Innogy. The company has 16 employees as of December 31, 2018. Recargo has completed 1 acquisition, including Xatori. Recargo offers products and services including PlugShare App, PlugShare API, PlugShare Research, PlugShare DataTool, and PlugShare Dashboard. Recargo operates in a competitive market with competitors including Bluedot, PlugShare, EVMatch, Vehya and TEQ Charging, among others.
- Headquarter Los Angeles, United States
- Employees 16 as on 31 Dec, 2018
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
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Website
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Social
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- Legal Name Recargo Inc.
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Products & Services of Recargo
Recargo offers a comprehensive portfolio of products and services, including PlugShare App, PlugShare API, PlugShare Research, PlugShare DataTool, and PlugShare Dashboard. 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.
App for locating and reviewing electric vehicle charging stations.
API providing charging station data for in-vehicle and mobile apps.
Research tools using surveys from EV drivers worldwide.
Data solutions for business and government EV needs.
Dashboard for monitoring and managing charging network operations.
Funding Insights of Recargo
Recargo has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in April 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.0M
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First Round
First Round
(23 Apr 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2013 | Amount | Seed - Recargo | Valuation |
investors |
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| 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 Recargo
Recargo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include EVgo and Innogy. 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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Power and gas are generated, transmitted, and distributed across Europe.
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Founded Year | Domain | Location | |
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EV charging station operators
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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 Recargo
Recargo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Xatori. 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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Software for electric vehicles
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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 - Recargo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Recargo Comparisons
Competitors of Recargo
Recargo 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 Bluedot, PlugShare, EVMatch, Vehya and TEQ 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 |
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| domain | founded_year | HQ Location |
Bluedot is focused on simplifying EV charging payments and access.
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| domain | founded_year | HQ Location |
Platform and app for EV drivers
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| domain | founded_year | HQ Location |
App based solution to connect EV drivers and charging hosts
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| domain | founded_year | HQ Location |
AI-based solutions for electric vehicle charging are provided.
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| domain | founded_year | HQ Location |
Intelligent EV charging systems are developed using adaptive algorithms.
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| domain | founded_year | HQ Location |
App-based platform to locate electric vehicle charging points
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Recargo
When was Recargo founded?
Recargo was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Recargo located?
Recargo is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Recargo a funded company?
Recargo is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Apr 23, 2013.
How many employees does Recargo have?
As of Dec 31, 2018, the latest employee count at Recargo is 16.
What does Recargo do?
Recargo was founded in 2010 in Los Angeles, United States, as a developer of mobile applications targeted at drivers of electric and alternative fuel vehicles. Operations focus on tools for locating charging stations and related services. The initial web-based charging station locator was released in July 2010, followed by iOS-compatible versions for iPhone, iPad, and iPod touch in December 2010. The sector involves automotive software for sustainable transportation.
Who are the top competitors of Recargo?
What products or services does Recargo offer?
Recargo offers PlugShare App, PlugShare API, PlugShare Research, PlugShare DataTool, and PlugShare Dashboard.
How many acquisitions has Recargo made?
Recargo has made 1 acquisition, including Xatori.