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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.