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Wednesday, August 2, 2023
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Management EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (“EVs”), today announced that its Board of Directors has appointed Badar Khan to succeed Cathy Zoi as Chief Executive Officer, effective on or about November 9, 2023.
Key Points:
- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (“EVs”), today announced that its Board of Directors has appointed Badar Khan to succeed Cathy Zoi as Chief Executive Officer, effective on or about November 9, 2023.
- With the focus now being to build on that foundation to further scale EVgo to meet evolving fast charging demand, I believe that it is the right time to implement this leadership transition.
- Throughout her accomplished tenure as CEO, EVgo has grown to become one of the nation’s largest public fast charging networks for electric vehicles.
- EVgo would not be the impressive company it is today without Cathy’s vision, dedication and stewardship.
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EVgo EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), and General Motors (GM) have surpassed 1,000 fast charging stalls as part of their longstanding collaboration to expand fast charging infrastructure.
Key Points:
- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), and General Motors (GM) have surpassed 1,000 fast charging stalls as part of their longstanding collaboration to expand fast charging infrastructure.
- First announced in 2020 and expanded upon in 2021, the collaboration will lead to the development and installation of 3,250 DC fast charging stalls in major metro markets.
- View the full release here: https://www.businesswire.com/news/home/20230801625396/en/
To date, EVgo and GM have opened fast charging stalls across nearly 230 locations in 39 markets covering 27 states, with the majority featuring high-power 350kW fast charging.
- For more information about the EVgo fast charging network and station locations, visit www.evgo.com .
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EVgo EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), announced the launch of “Charge Talk,” a new video series dedicated to educating current and prospective EV drivers on the latest hot topics and frequently asked questions related to EV charging.
Key Points:
- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), announced the launch of “Charge Talk,” a new video series dedicated to educating current and prospective EV drivers on the latest hot topics and frequently asked questions related to EV charging.
- Earlier this year, EVgo announced EVgo ReNew™ , its enhanced and comprehensive network upgrade program designed to advance uptime and boost range confidence for all EV drivers.
- As a complement to EVgo ReNew, the “Charge Talk” series will focus on consumer education, hoping to increase successful charging sessions for EV drivers.
- To watch episodes of EVgo’s “Charge Talk” series, EVgo ReNew videos and other EVgo short topics, visit the EVgo YouTube page.
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Event EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that it will release its second quarter 2023 financial results on Wednesday, August 2, 2023.
Key Points:
- EVgo Inc. (Nasdaq: EVGO), (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that it will release its second quarter 2023 financial results on Wednesday, August 2, 2023.
- This release will be followed by a webcast hosted by members of the EVgo management team at 2:00 p.m. PT (5:00 p.m.
- ET).
- The call can also be accessed live over the telephone by dialing:
An archive of the webcast will be available for a period of time shortly after the call on the Events & Presentations page in the Investor Relations section of EVgo’s website.
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EVgo EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that the company and its eXtend partners were selected by DriveOhio, a division of the Ohio Department of Transportation, for proposed awards of $13.8M in funding to deploy 20 fast charging stations.
Key Points:
- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that the company and its eXtend partners were selected by DriveOhio, a division of the Ohio Department of Transportation, for proposed awards of $13.8M in funding to deploy 20 fast charging stations.
- Fourteen of the 20 locations are owned by EVgo eXtend partner Pilot Company, and all EVgo and EVgo eXtend stations deployed through these awards will feature 350kW high-power fast charging.
- Over the next five years, DriveOhio will release over $100 million in NEVI funds to further support EV charging infrastructure deployment across the state.
- In total, EVgo currently operates 37 fast charging stalls across 10 locations in Ohio, including key metro markets such as Cleveland, Columbus and Cincinnati.
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Renewable energy EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced the commissioning of a new station in Carteret, New Jersey that is the latest EVgo site to leverage funding from a utility EV charging incentive program.
Key Points:
- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced the commissioning of a new station in Carteret, New Jersey that is the latest EVgo site to leverage funding from a utility EV charging incentive program.
- View the full release here: https://www.businesswire.com/news/home/20230629414330/en/
In the last 18 months alone, EVgo has received more than $10 million in awards from utility Make-Ready or rebate programs across 17 utility territories in nine states and the District of Columbia.
- Based on its experience participating in utility incentive programs across the country, EVgo also released a new best practice document on Make-Ready program funding through EVgo’s Connect the Watts™ initiative .
- Since January 2022, EVgo has been awarded Make-Ready funding or in-kind support from the following utilities, and commends their efforts in accelerating transportation electrification:
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Electric battery "EVgo first deployed integrated Tesla connectors in 2020, and with the recently announced expansion of the number of automakers using the NACS connector, we are excited to announce that we will also be integrating NACS connectors on the EVgo network in future deployments as well as on some existing chargers,” said Cathy Zoi, CEO of EVgo.
Key Points:
- "EVgo first deployed integrated Tesla connectors in 2020, and with the recently announced expansion of the number of automakers using the NACS connector, we are excited to announce that we will also be integrating NACS connectors on the EVgo network in future deployments as well as on some existing chargers,” said Cathy Zoi, CEO of EVgo.
- “As a first mover in EV charging, EVgo has a history of delivering for all EV drivers, evolving from CHAdeMO only to CHAdeMO and CCS, and now CHAdeMO, CCS, and NACS through both integrated connectors and Tesla to CCS adapters.
- That is why EVgo prioritizes the deployment of technology like Autocharge+, EVgo Rewards™ and Reservations, and more, so that EV drivers can quickly, reliably, and conveniently charge their vehicles no matter which plug they use.
- With EVgo Renew™ underway and ongoing, we will also assess which future upgrades or replacements can include a NACS connector as well.
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EVgo The PlugShare user base also grew more than 40% in the last year, adding 1 million new users to reach over 3.5 million registered users around the globe.
Key Points:
- The PlugShare user base also grew more than 40% in the last year, adding 1 million new users to reach over 3.5 million registered users around the globe.
- This rapidly growing community of EV drivers provides up-to-date, helpful information on over 750,000 charging stations listed on the platform.
- As the world’s largest community of EV drivers, the PlugShare app is available in nearly 30 different languages.
- For more information and to find the location of EV chargers within the EVgo charging network, visit www.evgo.com and www.plugshare.com .
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Zipcar EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced the election of Paul Segal and Jonathan Seelig as Class II directors at the Company’s 2023 annual meeting of stockholders.
Key Points:
- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced the election of Paul Segal and Jonathan Seelig as Class II directors at the Company’s 2023 annual meeting of stockholders.
- View the full release here: https://www.businesswire.com/news/home/20230522005696/en/
Paul Segal and Jonathan Seelig (Photo: Business Wire)
Paul Segal has served as Chief Executive Officer of LS Power since 2011.
- “We are thrilled to welcome Paul and Jonathan to the EVgo Board,” said Cathy Zoi, CEO of EVgo.
- “Their leadership, industry and finance experience will be invaluable to EVgo during this period of tremendous growth for the EV industry and for EVgo.”
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L.L.C EVgo Inc. (Nasdaq: EVGO; “EVgo” or the “Company”) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”), at $4.25 per share.
Key Points:
- EVgo Inc. (Nasdaq: EVGO; “EVgo” or the “Company”) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”), at $4.25 per share.
- The net proceeds to the Company from the offering, after deducting underwriting discounts and commissions but before other offering expenses, are expected to be approximately $121 million.
- EVgo has granted the underwriters a 30-day option to purchase up to an additional 4,411,764 shares of Class A common stock.
- EVgo intends to use the net proceeds of this offering for general corporate purposes.
