EVgo Services LLC

EVgo Services LLC Overview

Company Headquarters: US

Founded: 2010

Workforce: N/A

Company Working: EVgo Services LLC designs, develops, and sells electric vehicle charging stations across the globe. It offers charging stations to commercial, retail, state & local government, fleets, and other businesses. The company has installed 1,000 chargers in 34 states. Furthermore, it offers ride-share, car-share, autonomous and governmental fleets. It offers electric vehicle charging stations into three categories: level 1 charging, level 2 charging, and DC fast charging. The level 1 charging infrastructure charges the vehicles within 30 minutes for a range up to 2 miles, the level 2 charging station charges the vehicle within 30 minutes for a range up to 10 miles, while the DC fast charging station charges the vehicle in 30 minutes for a range up to 90 miles. EVgo Services LLC’s fast chargers are compatible with all EV models available in the market that accept DC Fast Charging.

Strategy

EVgo Services LLC strategizes to strengthen its sales channel and distribution channel for developing the market and enhancing the brand name. It has been collaborating with various electric vehicle companies and government facilities to provide electric vehicle charging stations. For instance, it collaborated with Chevron to offer electric vehicle charging station at Chevron fuel station. It conducts research and analysis to improve station operations and the fast-charging experience in California. It aims to deploy 1.5 million EVs on the road by 2025 and 5 million EVs by 2030, as well as it plans to construct 250,000 public chargers and 10,000 fast chargers in California.

Company Snapshot

2010

Founded

US

Headquarters

SWOT Analysis

Strengths

Strong supply and distribution network

Weaknesses

Limited presence in Europe

Opportunities

Scope for strategic acquisitions and mergers with the US government and municipal departments for providing electric vehicle charging station

Threats

Intense competition from ChargePoint and Greenlots

Key Developments

Date	Approach	Development
–	Collaboration	EVgo Services LLC collaborated with Chevron to offer an electric vehicle charging station at Chevron fuel station. It offers fast chargers—ranging between 50 kW and 100 kW capacity at five Chevron stations to provide convenient charging to EV drivers. These stations are located in Los Angeles and the San Francisco Bay Area communities in California, including Menlo Park, Aliso Viejo, Manhattan Beach, and Venice.
–	Product Development	EVgo Services LLC launched its new Autocharge technology to instantly recognize a customer’s vehicle and initiate automatic charging after a one-time registration. The new technology helps electric vehicle drivers start a fast-charging session in seconds without the need to open the EVgo app or swipe an RFID or credit card.
–	Collaboration	EVgo Services LLC collaborated with General Motors to enable access to the largest collective electric vehicle charging network in the US, including more than 31,000 charging ports.

Product Offering

EVgo Services LLC
- Global Electric Vehicle Charging Station Market

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