UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 16, 2022
EVgo Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-39572 | 85-2326098 | ||
(State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer |
11835 West Olympic Boulevard, Suite 900E | 90064 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (877) 494-3833 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading | Name of each exchange |
Shares of Class A common stock, $0.0001 par value | EVGO | Nasdaq Global Select Market |
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 | EVGOW | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
On May 16, 2022, EVgo Inc. issued a press release announcing a new agreement with General Motors to offer charging credits to drivers of the 2023 Cadillac LYRIQ. A copy of the press release is furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit | Description |
99.1 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVgo Inc. | |
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Date: May 16, 2022 | By: | /s/ Olga Shevorenkova |
| Name: | Olga Shevorenkova |
| Title: | Chief Financial Officer |
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| (Principal Financial Officer) |
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Exhibit 99.1
EVgo and Cadillac Join to Offer 2023 LYRIQ Customers Two Years of
Unlimited Charging on EVgo Network
New agreement builds on EVgo and General Motors’ collaboration to accelerate transportation electrification and expand fast-charging infrastructure
LOS ANGELES – May 16, 2022 – EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, and Cadillac, the first General Motors (GM) brand with plans to go all-electric, today announced a new commercial agreement to offer drivers of the 2023 Cadillac LYRIQ the option of two years of unlimited* public fast charging on EVgo’s network. Cadillac worked with EVgo to develop the special charging offer as part of its efforts to make the experience of owning an EV easier.
“With the launch of LYRIQ, Cadillac is ushering in a new, all-electric era of luxury transportation,” said Global Cadillac Vice President Rory Harvey. “By collaborating with EVgo to deliver an unlimited charging offer to our drivers, we are making it easier for our customers to take advantage of convenient charging solutions, expanding access to public charging, and helping drivers navigate the transition to electric in style.”
With this new agreement, Cadillac is offering eligible LYRIQ drivers the choice of 2 years of unlimited charging on EVgo’s network or a home charger installation credit. Cadillac is the latest leading luxury brand to join with EVgo to expand access to charging infrastructure for customers, further positioning the company as a network-of-choice for EV charging and leader in transportation electrification. EVgo’s growing charging network being powered by 100% renewable energy additionally punctuates Cadillac’s commitment to sustainability, while meaningfully adding to the EV experience for environmentally-conscious drivers.
“An exciting new car like the LYRIQ merits an exciting new charging offer like this one made possible by Cadillac working together with EVgo,” said Cathy Zoi, CEO of EVgo. “Cadillac is demonstrating how to be ahead of the curve by treating charging as a cornerstone of the EV buying experience from the onset. We’re thrilled to serve as a go-to charging destination for LYRIQ drivers and continue delivering reliable, world-class experiences that automakers need to make available to their customers.”
The engagement with Cadillac builds on the broader collaboration between EVgo and GM, which includes plans to build 3,250 high-powered DC fast charging stalls through 2025. The joint program will further accelerate widespread EV adoption and increase public access to charging in both current and future U.S. markets. Today, EVgo’s public charging network can charge all types of EVs in convenient locations that fit into people’s everyday lives, including grocery stores, shopping malls, retail locations and more. The company’s collaborations with renowned brands across automotive, rideshare, retail, fleet, and other industries have powered more than 325 million electric miles to date.
For more information around the locations of fast charger’s within EVgo’s charging network, visit www.evgo.com.
*Limitations apply. Full details, including terms and conditions for this offer will be announced at a later date. Check Cadillac.com for more information.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. As of the end of the first quarter 2022, with more than 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 375,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
Media Contacts
For Investors:
Ted Brooks, VP of Investor Relations
investors@evgo.com
310-954-2943
For Media:
press@evgo.com