EVgo Raises $400M in Series Unknown
EVgo has successfully raised $400M in a Series Unknown at a $2.6B valuation led by LS Power, CPPIB Credit Investments, Climate Pledge Fund.
Company Overview
EVgo is a Electric Vehicles company headquartered in 11835 West Olympic Boulevard, Los Angeles, CA 90064, founded in 2010 with 300+ employees.
EV charging network
Fundraising Details
- Amount Raised: $400M
- Round Type: Series Unknown
- Valuation: $2.6B
- Date: 2024-06-13
- Investors: LS Power, CPPIB Credit Investments, Climate Pledge Fund
About EVgo
EV charging network The company is positioned in the Electric Vehicles sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 11835 West Olympic Boulevard, Los Angeles, CA 90064
- Founded: 2010
- Team Size: 300+
- Industry: Electric Vehicles
What This Means
This funding round demonstrates strong investor confidence in EVgo's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Electric Vehicles sector continues to attract significant investment as companies innovate to meet evolving market demands. EVgo's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2.6B valuation marks an important milestone for EVgo, positioning the company among notable players in the Electric Vehicles industry.
Looking Ahead
With this new capital, EVgo is well-positioned to execute on its growth strategy and continue building innovative solutions in the Electric Vehicles space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-06-13. For more information about EVgo, visit their headquarters at 11835 West Olympic Boulevard, Los Angeles, CA 90064.
