In a series of strategic moves, EVgo Inc., America's leading public fast charging network for electric vehicles (EVs), is powering up its market position with key leadership appointments, exponential growth in the rideshare sector, and a landmark achievement in customer acquisition.
EVgo is turbocharging its leadership team with the addition of talent from Tesla and General Motors. This calculated move signals the company's commitment to innovation and accelerated growth in the competitive EV charging landscape.
Martin Sukup and Jeff Inhofer, both former Tesla executives, have been appointed as Executive Vice President of Engineering and Vice President of Electric Vehicle Supply Equipment (EVSE) Engineering, respectively. Additionally, Alex Keros, a seasoned professional from General Motors, is set to join as Senior Vice President of Product in August.
Dennis Kish, President of EVgo, emphasized the strategic importance of these appointments: "As the EV charging industry evolves, it is imperative that we not only invest in network enhancements but also recruit best-in-class talent that will enable us to continue to deliver a superior charging experience for EV drivers."
EVgo is experiencing a surge in its commercial throughput, largely driven by the burgeoning rideshare sector. The company reports a more than threefold increase in rideshare throughput from Q1 2023 to Q1 2024. Rideshare drivers, including those affiliated with industry leaders Uber and Lyft, have become power users of EVgo's network, utilizing charging stations approximately five times more frequently than the average retail customer.
Scott Levitan, Executive Vice President of Growth at EVgo, noted the trend: "Uber, Lyft, and other rideshare companies are taking the lead in driving EV adoption among their large, distributed base of drivers. EVgo is committed to continuing to deploy fast chargers in high-density locations with great amenities to best serve rideshare drivers on the go."
The company recently surpassed one million registered customer accounts, highlighting the growing adoption of electric vehicles and the increasing demand for a robust public charging infrastructure. EVgo has witnessed a staggering 400% increase in customer accounts since April 2020, further evidenced by a nearly tripled gigawatt-hour throughput year-over-year in the first quarter of 2024.
Badar Khan, CEO of EVgo, commented on this milestone: "EVgo is laser-focused on building a customer-centric charging network that now serves over one million drivers. And as more drivers make the switch to electric, we're seeing demand on the EVgo network skyrocket."
By strengthening its leadership, capitalizing on the booming rideshare sector, and rapidly expanding its customer base, EVgo is positioning itself as a key player in the ongoing transition to electric mobility.
