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EVgo Revenue increase of 29 % quarter - over - quarter as retail and fleet segments realized solid activity increases over the second quarter of 2021 ● Network throughput rose to an all - time high of 8.0 Gigawatt - hours ( GWh ) , a 31 % increase over the second quarter of 2021 Gross loss of ( $ 1.7 ) million , compared to ( $ 1.7 ) million in the prior quarter , with gross margin of ( 27 % ) compared to ( 35 % ) in the prior quarter Adjusted gross profit of $ 1.4 million , up from $ 1.0 million in the prior quarter with adjusted gross margin expanding to 22.2 % from 21.4 % in the prior quarter Ended third quarter of 2021 with total cash and cash equivalents of $ 521 million Customer accounts continue to increase , ending the quarter at approximately 310,000 Active Engineering and Construction pipeline increased in the quarter to nearly 2,500 fast charging stalls Revised and expanded agreement with General Motors ( GM ) to increase the size of the build - out program by 500 fast charging stalls , taking the total program to 3,250 stalls through 2025 Introduction of new loyalty , pricing , and per transaction payment Launch of EVgo Optima ™ , sophisticated fleet management software platform Expanding fleet strategy including new fleet partnerships with General Motors , Merchants Fleet , Electric Last Mile Solutions and a large trucking company partner ● ● EVgo Inc. Reports 2021 Third Quarter Results ● Increasing full - year 2021 revenue guidance to $ 20-22 million and network throughput guidance to 24-26 GWh Los Angeles , CA , November 10 , 2021 - EVgo Inc. ( Nasdaq : EVGO ) ( " EVgo " or the " Company " ) today announced results for the third quarter ending September 30 , 2021. The Company generated continued growth in revenue , network throughput and customer accounts . EV adoption has accelerated with approximately 130,000 EVs sold in the US during the third quarter of 2021 proving the continued expansion of the EV sector and bringing more drivers on EVgo network . Revenue increased to $ 6.2 million for the third quarter of 2021 , compared to $ 4.8 million for the second quarter of 2021 , exhibiting 29 % quarter - over - quarter growth . Network throughput has reached 8.0 GWh with 31 % quarter - over - quarter growth . Total customer accounts grew to more than 310,000 at the end of the third quarter of 2021 . " EVgo's operations in the quarter demonstrated further progress toward an electrified transportation future , with more drivers using our DC fast charging services generating the highest network throughput EVgo has ever delivered to its EV - driving customer base , " said Cathy Zoi , CEO of EVgo . " With customer accounts exceeding 310,000 , and both the fleet and retail segments realizing impressive revenue growth , EVgo's commitment to creating the best located and highest - reliability fast - charging network is being validated and rewarded by EV drivers across the U.S. " Business Highlights