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EVgo On July 1 , 2021 , EVgo completed its business combination with Climate Change Crisis Real Impact I Acquisition Corporation ( “ CRIS ” ) , resulting in net cash of $ 573 million to fund its strategic plan Strong revenue quarter , with a 16 % increase quarter - over - quarter ● ● EVGO INC . REPORTS 2021 SECOND QUARTER RESULTS Customers topped 275,000 as electric vehicle ( " EV ” ) adoption pace accelerates Charger stall count through June 30 , 2021 totals 1,548 , as EVgo added 104 new operational stalls in the second quarter of 2021 while continuing to execute on its active engineering and construction pipeline ( the " Active E & C Pipeline " ) of more than 2,000 charger stalls Other recent highlights include the expansion of EVgo's commercial relationship with General Motors ( NYSE : GM ) ( " GM " ) , continued kilowatt - hour ( kWh ) throughput growth from partnerships with autonomous vehicle ( " AV " ) companies , the acquisition of Recargo , Inc. ( “ Recargo " ) , and sustained focus on technological leadership , underscored by the work at the EVgo Innovation Lab Los Angeles , CA , August 11 , 2021 – EVgo Inc. ( Nasdaq : EVGO ) ( " EVgo " or the " Company " ) today announced results for the second quarter ended June 30 , 2021. Revenue increased to $ 4.8 million for the second quarter of 2021 , compared to $ 4.1 million for the first quarter of 2021. The Company is seeing increased revenue due to overall increases in EV adoption , uptake of EVgo's products and offerings , and a customer count now exceeding 275,000 , all resulting in a significant growth in network throughput . " The second quarter of 2021 witnessed growth across all of EVgo's customer segments , deepening relationships with our core partners , new customer offerings , and cultivation of new business opportunities as the transition to electric vehicles gains momentum , " said Cathy Zoi , CEO of EVgo . " We added a record number of customers , almost doubled our quarterly stall build - out compared to last quarter , and significantly accelerated investments associated with charger stall build - out looking forward . EVgo's mission to speed the adoption of electric vehicles through the investment in charging infrastructure is progressing at an accelerating pace . Our build - own - operate business model has equipped EVgo with the experience and insight to be a market leader and to be a provider of first resort to the rapidly expanding EV market . " Business Highlights During the second quarter of 2021 , EVgo placed 104 new charging stalls in service , with more than 2,000 additional charger stalls in the Active Engineering and Construction ( " E & C " ) Pipeline . Roughly 85 % of the Active E & C pipeline stalls are located within the top 20 U.S. metropolitan markets and the majority are part of EVgo's partnership with GM to deploy over 2,700 fast charging stalls by 2025 . In July 2021 , EVgo was chosen by GM to serve as a preferred charging provider for its Ultium Charge 360 Fleet service . Additionally , EVgo and Chevrolet launched a new retail program enabling buyers and lessees of new Bolt EV and Bolt EUV vehicles to elect to receive a $ 500 EVgo charging credit or have a home Level 2 charger installation supported by Chevrolet . 1