EVgo Acquires Recargo (PlugShare)
July 14, 2021
EVgo Inc. (Nasdaq: EVGO) has acquired Recargo, the developer of the PlugShare app and a leading e-mobility data and software provider, for $25 million in an all-cash transaction (including $3 million loan repayment). The deal brings Recargo’s app, data services and payment capabilities into EVgo to enhance driver experience, data licensing and interoperability across charging networks and automakers.
- Buyers
- EVgo Inc.
- Targets
- Recargo (PlugShare)
- Industry
- Data & Analytics
- Location
- California, United States
- Transaction Type
- Buyout
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