Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues13.0m22.2m54.6m161m255m352m453m
% growth(26 %)70 %146 %195 %58 %38 %29 %
EBITDA(26.4m)(65.3m)(110m)(91.7m)(38.0m)2.8m55.8m
% EBITDA margin(202 %)(294 %)(201 %)(57 %)(15 %)1 %12 %
Profit(47.8m)(5.9m)(27.6m)(42.4m)(42.3m)(38.8m)(22.4m)
% profit margin(366 %)(27 %)(51 %)(26 %)(17 %)(11 %)(5 %)
EV / revenue4.7x8.9x1.2x1.0x1.6x1.5x1.3x
EV / EBITDA-2.3x-3.0x-0.6x-1.8x-10.5x187.7x10.7x
  • Edit
DateInvestorsAmountRound
N/A

N/A

Seed

N/A

Acquisition

$230m

Valuation: $2.6b

199.2x EV/LTM Revenues

-98.6x EV/LTM EBITDA

SPAC IPO

$400m

Valuation: $2.6b

199.2x EV/LTM Revenues

-98.6x EV/LTM EBITDA

SPAC Private Placement
*

$6.6m

Grant
*
N/A

$121m

Post IPO Equity
*
N/A

$10.0m

Grant
Total Funding€379m

Recent News about EVgo

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More about EVgoinfo icon
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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.

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.

Keywords: EV charging, fast charging, electric vehicles, infrastructure, sustainability, public network, commercial clients, government fleets, ride-sharing, revenue-sharing.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by EVgo

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Recargo, Inc.
ACQUISITION by EVgo Jul 2021