EVgo Acquires Recargo For $25M
socalTECH
JULY 14, 2021
Los Angeles-based electric vehicle (EV) charging network operator EVgo said this morning that it has acquired Recargo, a developer of e-mobility software. Recargo was based in El Segundo. According to EVgo, it paid $25M in an all-cash transaction for Recargo, including a $3M loan repayment.
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