EVgo Inc. (NASDAQ: EVGO)

EVgo is a leading provider of public electric vehicle fast charging infrastructure in the United States. The company builds owns and operates a network of direct current fast charging stations located at retail grocery restaurant and other commercial sites. It serves individual drivers commercial fleets rideshare operators and autonomous vehicle companies. EVgo focuses on high power chargers that deliver rapid range addition to support growing electric vehicle adoption.

EVgo generates revenue primarily from the sale of electricity to drivers who use its charging stations. The company also earns income from site development engineering and construction services for third party charging locations. Subscription plans and pay as you go pricing plans contribute to recurring revenue. Additionally EVgo receives fees from original equipment manufacturer partnerships data services software licensing and advertising through its PlugShare platform. The company also monetizes regulatory credits such as low carbon fuel standard credits earned from charging operations.

The company operates through the following segments:

• Retail Charging includes the ownership and operation of EVgo’s public network of direct current fast charging stations where drivers pay for electricity through subscription or pay as you go plans.

• OEM Charging and Related Services encompasses contracts with automakers to provide charging services data offerings co marketing and digital application services for electric vehicle owners.

• Commercial Charging covers services provided to fleet operators such as rideshare companies and autonomous vehicle providers who access the public network or receive dedicated charging solutions at depot locations.

• EVgo eXtend provides hardware design construction and ongoing operations maintenance and networking services for charging stations owned by partners under a white label arrangement.

• Ancillary Service Offerings consist of dedicated fleet charging solutions software development data integration access management microtargeted advertising and reservation services.

• PlugShare operates as a global platform for electric vehicle drivers to locate stations share feedback and plan trips while also supplying charging location data analytics and advertising services to business customers.

EVgo holds one of the largest public direct current fast charging networks in the United States with over 1 200 stations and approximately 3 900 charging stalls as of the end of 2025. The company competes with Tesla’s Supercharger network Electrify America ChargePoint Ionna and Blink. Competitive advantages stem from its scale proprietary software defined charger architecture strong original equipment manufacturer rideshare and site host partnerships and value added services such as Autocharge+ reservations and the PlugShare platform. These factors enable EVgo to attract and retain drivers while delivering reliable high speed charging experiences.

EVgo serves a broad base of customers that includes individual electric vehicle owners commercial fleet operators rideshare companies such as Lyft autonomous vehicle operators and site hosts ranging from retailers grocery stores restaurants shopping centers gas stations airports medical complexes and workplace locations. The company also works directly with major original equipment manufacturers including General Motors Honda Toyota and with partners like the Pilot Company to provide branded charging solutions.