EVgo, the largest public fast-charging network in the United States, has acquired Recargo, a leading e-mobility software company, in a $25 million cash transaction. This strategic acquisition combines EVgo's charging infrastructure expertise with Recargo's advanced software capabilities.

Recargo is known for its PlugShare platform, which serves over 2 million users globally. The platform helps EV drivers locate charging stations, plan trips, and share charging experiences. It also provides valuable data analytics and insights about charging behavior and infrastructure usage.

This acquisition strengthens EVgo's position in the EV charging market by:

• Enhancing driver experience through improved software integration
• Expanding access to charging station data and reviews
• Providing better trip planning capabilities
• Offering more comprehensive charging solutions

The partnership will accelerate EV adoption by combining EVgo's reliable charging network with Recargo's user-friendly software platform. Both companies share a commitment to making electric vehicle charging more accessible and convenient for drivers nationwide.

EVgo plans to maintain Recargo's existing partnerships while integrating their technology into EVgo's charging network. This will create a more seamless experience for EV drivers and help support the growing electric vehicle market.

The deal represents a significant step forward in EVgo's mission to create a more sustainable transportation future and simplify the transition to electric vehicles for consumers and businesses alike.

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