EVgo, Inc.

EVgo, Inc. owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services. It also provides ancillary services, such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking lot, or garage, pay gates and pilots microtargeted advertising, and charging reservations; and maintenance and development and project management services through eXtendTM, including electric vehicle supply equipment installation, networking, and operations. The company was incorporated in 2010 and is based in Los Angeles, California.

EVgo operates a network of DC fast charging stations for electric vehicles across the United States. The company provides public charging infrastructure with over 1,000 fast charging stations.

EVgo

EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since 2019, EVgo has purchased renewable energy certificates to match the electricity that powers its network. As one of the nation’s largest public fast charging networks, EVgo’s owned and operated charging network includes over 1000 fast charging locations. EVgo continues to add more DC fast charging locations across the U.S., including stations built through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a world-class charging experience where drivers live, work, travel and play.    
To find out more, or to join the EVgo network, visit EVgo.com.

California Energy Commission

Wellington Management

VanEck

Neuberger Berman

Pacific Investments

BlackRock

PIMCO

Vision Ridge Capital Partners

+6 350kW stalls at 932 Loughborough Ave St. Louis, MO 63111, in collaboration with General Motors. #GMEnergy #EVCharging

4 new charging stalls in Virgina in collaboration with Virgina DEQ.  📍11301 Midlothian Tpke, Richmond, VA 23235

Today marks the second anniversary of the Inflation Reduction Act and there are many transportation electrification milestones to celebrate: 8% of new vehicles sold in U.S. are electric, up from just 2% a few years ago. EV sales in the second quarter this year grew by 11.3%, hitting a record-high volume of more than 330,000 models sold, according to Kelley Blue Book. In addition, consumer tax credits for new and used EVs, coupled with the availability of more affordable models, are accelerating the transition to all-electric transportation and moving us from early adopters to the mass market.  
 
With this increase in EV sales comes a great need for public charging infrastructure, and EVgo is stepping up to the plate. Critical tax provisions — like 30c — are spurring investment in charging infrastructure, with a focus on expanding access in rural and lower-income communities. The IRA has helped drive incredible growth in the EV industry and we’re excited to celebrate more electric milestones ahead.

6 Stalls added at the Parkman Brook Shopping Center.  📍28 Portsmouth Ave, Stratham, NH 03885

To be the fast charging provider of choice, we know we must continue to innovate. That’s why today we announced major network enhancements made through EVgo ReNew™, including the launch of the Canary Model™, a powerful performance monitoring tool. Through the ReNew program, we’re continuing to upgrade legacy chargers with the latest state-of-the-art equipment, shortening repair timelines, and incorporating new advanced tech solutions that are helping elevate the customer experience. To learn more about the next phase of the program – now in its second year – read the full press release: https://lnkd.in/gEtd86r2

Delivering a seamless customer experience is our top priority and we continue to make network advances from coast to coast through our EVgo ReNew™ program. We've replaced or upgraded legacy equipment in Maryland, Arizona, Colorado and more to boost reliability and enhance our network. To learn more about ReNew, visit https://lnkd.in/gsZB8qet

4 new stalls in Houston! With reservations available at charger "Case" in the EVgo app📍 2323 Wirt Rd Houston, TX 77055

We're continuing to invest in network enhancements to provide seamless charging experiences for our customers each time they plug in. As part of EVgo ReNew™, we’re replacing and upgrading legacy equipment across the country from Cary, NC to San Clemente, CA and Riverhead, NY. Stay tuned for updates on our progress!

Today, EVgo announced yet another excellent quarter. In Q2, we achieved record revenues of over $66 million, making it the 7th sequential quarter of double-digit growth in charging revenue and the 6th consecutive quarter of triple digit YoY growth in network throughput. These results demonstrate the strong underlying demand for public fast charging and confidence in our path to profitability.  
 
I am excited about our momentum driven by the hard-working teams at EVgo and look forward to continuing to share our progress in 2024 throughout the rest of the year.

Check out EVgo's Q2 2024 accomplishments, showcasing our dedication to growing a nationwide charging network for all EV drivers! Now with over 1M+ customer accounts on our network charging across 1,000+ locations. We are up 32% in revenue, 164% in throughput, and 59% in customer accounts year over year. For more on Q2 earnings, visit: https://lnkd.in/gNZnm33r

NASDAQ:EVGO

EVgo

Last Close

4.49

30/08 20:00

Market Cap

963.30M

Beta: 2.04

Volume Today

2.52M

Avg: 1.86M

PE Ratio

−2.43

PFCF: −2.65

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