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EVgo receives $1.05 billion conditional commitment for DOE loan guarantee

Oct 03, 2024•over 1 year ago

Contract Type

partnership

Los AngelesManufacturingRenewable EnergyAutomotiveElectric Vehicle

Description

EVgo has received a conditional commitment for a Department of Energy (DOE) loan guarantee of up to $1.05 billion. The loan is aimed at accelerating the buildout of public fast charging across the U.S.

Company Information

Company

EVgo

Location

Los Angeles, California, United States

About

EVgo is a leader in electric vehicle charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. EVgo is one of the nation’s largest public fast charging providers, featuring over 950 fast charging locations across more than 35 states.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.