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EVgo

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EVgo is US largest and most reliable fast charging public network for electric vehicles, powered 100% by renewable energy

Houston, United StatesFounded 2010Transportation
Valuation $486M Market cap · 2026
Revenue $432M Latest reported FY
EBITDA $306K Latest reported FY
Total funding $100–500M Disclosed equity funding

About EVgo

EVgo is a pioneering company in the electric vehicle (EV) industry, specializing in providing fast charging solutions for EVs. Established in 2010, EVgo has grown to become the largest public fast charging network in the United States. The company operates over 800 fast charging stations across 66 markets, making it a key player in the rapidly expanding EV market.

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EVgo's primary clients include individual EV owners, commercial businesses, retail locations, and government entities. The company also serves ride-sharing, car-sharing, and autonomous vehicle fleets. By offering both public charging stations and private charging hubs, EVgo caters to a wide range of customer needs.

The market EVgo operates in is the electric vehicle charging infrastructure sector, which is experiencing significant growth as more consumers and businesses adopt electric vehicles. This market is driven by the increasing demand for sustainable transportation solutions and the need for convenient and reliable charging options.

EVgo's business model is based on owning and operating its charging stations. The company generates revenue by charging EV owners for the electricity they use at these stations. Additionally, EVgo partners with commercial and retail businesses to install charging stations at their locations, providing added convenience for customers and employees. These partnerships often include revenue-sharing agreements, further boosting EVgo's income.

In summary, EVgo is a leader in the EV fast charging industry, providing essential infrastructure to support the growing number of electric vehicles on the road. The company serves a diverse range of clients and operates in a market poised for continued growth. By owning and operating its charging stations, EVgo ensures high reliability and convenience for its users, making it a trusted name in the industry.

Source: Dealroom company data

At a glance

Founded
2010
Headquarters
Houston, United States
Listing
Public via SPAC 2020
Sector
Transportation
Power Law
Thoroughbred$100M+ revenue

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • California Energy Commission

Series B and later8 investors entered at this stage

  • LS Power Equity Advisors
  • Wellington Management
  • Van Eck
  • Neuberger Berman
  • Pacific investment Management
  • BlackRock
  • Climate Real Impact Solutions I
  • US Department of Energy
Employees mapped 414 incl. 6 AI specialists
Founders Hidden — book a demo/100 quality score
Key operators 30 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇺🇸 United States98.1%
🇵🇭 Philippines1.3%
🇲🇽 Mexico0.3%
🇧🇷 Brazil0.3%
4 countries shown
Web traffic by country
180K monthly visits
across markets
🇺🇸 United States76.6%
🇨🇦 Canada4.2%
🇮🇳 India2.7%
🇳🇬 Nigeria2.1%
🇬🇧 United Kingdom1.9%
Top 5 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about EVgo on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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