EVgo, one of North America's largest public fast-charging networks, has acquired Recargo, a leading e-mobility software company, in a $25 million cash transaction. The strategic acquisition combines EVgo's charging infrastructure expertise with Recargo's comprehensive software solutions.

Recargo operates PlugShare, the world's largest EV driver community platform with over 2 million registered users. The platform provides detailed charging station information, reviews, and real-time availability data across global markets.

This acquisition strengthens EVgo's position in the EV charging market by integrating Recargo's software capabilities and user base. The move will enhance driver experience through improved charging station discovery, planning, and payment solutions.

Key benefits of the acquisition:

• Enhanced driver experience through integrated software solutions
• Access to PlugShare's extensive user community and data
• Improved charging station discovery and planning tools
• Streamlined payment processing capabilities
• Expanded market reach and technological capabilities

The partnership represents a significant step in EVgo's growth strategy and demonstrates the company's commitment to improving the EV charging ecosystem. By combining infrastructure and software expertise, EVgo aims to accelerate EV adoption and provide a more seamless charging experience for drivers.

EVgo will maintain Recargo's existing partnerships while exploring new opportunities to leverage the combined technologies and user base. The integration is expected to be completed in the coming months, with minimal disruption to current users of both platforms.

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