Welcome to our dedicated page for Evgo news (Ticker: EVGO), a resource for investors and traders seeking the latest updates and insights on Evgo stock.
EVgo Inc. (EVGO) operates America's largest public fast charging network for electric vehicles, powering the transition to sustainable transportation. This page serves as the definitive source for corporate announcements, operational developments, and strategic updates directly from EVgo leadership.
Investors and industry professionals can access comprehensive updates including quarterly financial results, new charging site deployments, technology partnerships, and regulatory filings. Our curated collection features official press releases covering infrastructure expansions, maintenance initiatives, and collaborations with automakers or retail partners.
Key updates include details on DC fast charger installations, network reliability improvements, and participation in government EV programs. Bookmark this page for verified information on EVgo's charging technology advancements, service area growth, and responses to evolving market demands in the electric mobility sector.
EVgo Inc. (Nasdaq: EVGO), a leading U.S. public fast charging provider, has secured a groundbreaking $225 million senior secured, non-recourse credit facility with an option to increase by $75 million. This marks the largest EV charging commercial bank facility in the United States.
The oversubscribed facility, led by SMBC with participation from four other global banks, will fund the deployment of more than 1,500 additional high-power charging stalls. Key terms include a 5-year tenor, SOFR plus 3.25% interest rate, and 60% financing of eligible project costs. The company made its first draw of $48 million on July 24, 2025.
EVgo contributed 400 existing charging stalls as initial loan collateral, demonstrating the maturity of its network and profitability. The facility will support both public fast charging expansion and dedicated charging hubs for autonomous vehicles and fleet partners.
EVgo (NASDAQ:EVGO), a leading public fast charging network for electric vehicles, has scheduled its second quarter 2025 earnings release for Tuesday, August 5. The company will host a webcast at 8:00 AM ET (5:00 AM PT) featuring the EVgo management team.
Investors can access the live webcast through EVgo's investor relations website. Financial results and presentation materials will be made available on the website before the webcast, with an archive of the call accessible afterward through the Events & Presentations page.
EVgo (NASDAQ: EVGO), a leading provider of public EV fast charging infrastructure, has appointed Kim Homenock as Chief People Officer (CPO). Homenock brings 25 years of human resources and operations experience from the technology and energy sectors. She will lead EVgo's HR strategy during its growth phase, focusing on talent acquisition, leadership development, and employee experience.
Previously, Homenock served as CPO at Stem, Inc., and held senior leadership positions at Amazon and GE Vernova. EVgo currently operates over 4,200 fast charging stalls across 40+ states and plans to expand to at least 10,000 stalls by 2029. The company, which currently employs nearly 350 people, aims to increase its workforce across construction, engineering, development, and operations roles to support this expansion.
EVgo Inc. (Nasdaq: EVGO), a leading public fast charging network provider for electric vehicles, has scheduled its first quarter 2025 financial results announcement for Tuesday, May 6, 2025. The company will host a webcast at 8 a.m. ET (5 a.m. PT) featuring the EVgo management team.
The financial results press release and presentation materials will be available on EVgo's Investor Relations website before the webcast begins. An archive of the webcast will be accessible afterward through the Events & Presentations page in the Investor Relations section.
Pilot Company, General Motors (GM), and EVgo have expanded their collaborative EV charging network to over 130 locations across 25+ states. The network, announced in 2022, aims to build up to 2,000 fast charging stalls at up to 500 Pilot and Flying J locations.
The charging infrastructure now covers major corridors including I-75 between Michigan and Georgia, and regional routes connecting Minneapolis to Milwaukee, Detroit to Cleveland, San Antonio to Houston, and Dallas to Nashville. The stations feature EVgo's high-power chargers offering up to 350kW, enabling recharge times as short as 15 minutes.
The locations offer premium amenities including lounges, free Wi-Fi, restaurants, convenience items, 24/7 access, and pull-through charging stalls with canopies. The expansion comes as EV sales reached 1.3 million in 2024, with GM's EV sales increasing 50% in Q4 2024.
EVgo (NASDAQ: EVGO) and Toyota Motor North America have announced the opening of their first DC fast charging stations in Baldwin Park and Sacramento, California, as part of Toyota's 'Empact' vision. The new co-branded stations feature 350kW fast chargers and can serve up to eight vehicles simultaneously.
The initiative, first announced in April 2023, is part of Toyota's strategy to support underserved communities in transitioning to electrified vehicle transport. The collaboration focuses on three key areas: charging access, affordable mobility solutions, and carbon emission reduction.
The stations are strategically located near amenities like grocery stores, restaurants, and shopping malls. Additionally, EVgo has extended its charging program with Toyota, offering one year of complimentary charging for 2025 Toyota bZ4X battery EV buyers or lessees.
EVgo Inc. (EVGO) reported strong Q4 2024 results with revenue of $67.5 million, up 35% year-over-year. Full-year 2024 revenue reached $256.8 million, increasing 60% from 2023.
Key highlights include:
- Record charging network revenue of $46.5 million in Q4, up 73% YoY
- Network throughput reached 84 GWh in Q4, growing 68% YoY
- Added over 480 new operational stalls in Q4, ending with approximately 4,080 stalls
- Net Loss improved 3% YoY to ($35.6) million in Q4
For 2025, EVgo guides revenue of $340-380 million and Adjusted EBITDA of ($5)-$10 million. The company secured a $1.25 billion DOE loan to build approximately 7,500 fast charging stalls over five years.
EVgo (Nasdaq: EVGO), a leading public fast charging network for electric vehicles, has scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, March 4, 2025. The company will host a webcast at 8 a.m. ET (5 a.m. PT) featuring the EVgo management team.
The financial results press release and presentation materials will be available on EVgo's Investor Relations website before the webcast begins. An archive of the webcast will be accessible afterward through the Events & Presentations page in the Investor Relations section.
EVgo Inc. (NASDAQ: EVGO) has received its first drawdown of $75 million from its $1.25 billion guaranteed loan from the U.S. Department of Energy's Loan Programs Office. This initial drawdown, part of a 5-year deployment plan, will support the company's nationwide charging infrastructure expansion efforts.
The loan, which reached financial close in December 2024, will enable EVgo to construct approximately 7,500 new public fast charging stalls across the country. This expansion will bring EVgo's total owned and operated network to at least 10,000 fast charging stalls across the U.S. by 2029, effectively tripling its network size.
The company plans to prioritize installations in locations offering retail, dining, shopping, and service options. This expansion aims to support the automotive industry's growth in EV models, with over 30 new affordable models expected by the end of 2025, adding to the more than 70 vehicle models currently available.
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