EVgo Inc.

EVgo Inc. is one of the nation's leading public electric vehicle (EV) fast charging providers. The company builds, owns, and operates EV fast charging sites, delivering charging services to individual EV drivers, commercial drivers, and fleet operators. EVgo has more than 1,200 fast charging stations located across 47 states. EVgo strategically deploys localized and accessible charging infrastructure by partnering with various businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. The company prioritizes the development of high-power chargers, a market segment anticipated to grow faster than the overall EV charging market. EVgo expands its nationwide network of charging stations by focusing on locations with favorable traffic, utilization, and financial return characteristics. Proprietary technology, analytical tools, and extensive commercial partnerships with original equipment manufacturers (OEMs), fleets, and Site Host businesses contribute to EVgo's competitive edge in selecting, designing, and developing new charging stations. The company's robust underwriting standards require its portfolio to meet or exceed a predefined internal rate of return before project approval. Through partnerships and collaborations with automotive OEMs, rideshare operators, and other channel partners, EVgo's network powered more than 1.1 billion electric miles during 2025. This figure is calculated by multiplying the kWh dispensed by the weighted average Vehicle Efficiency, based on 2025 data from the DOE and S&P Global Ratings. EVgo also serves the rapidly growing EV commercial segment, with a significant focus on rideshare, where reliable and flexible charging is essential.