New agreement with Pilot Company and General
Motors to bring 2,000 charging stalls operated and networked
through EVgo eXtend over the next few years
EVgo Inc. (NASDAQ: EVGO) (EVgo), the nation’s largest public
fast charging network for electric vehicles (EVs), today announced
the first major EVgo eXtend project. The EVgo eXtend project will
deploy 2,000 charging stalls at Pilot and Flying J locations across
the country in collaboration with General Motors (GM) and Pilot
Company. EVgo will install, operate, and maintain the network of
350 kW charging stalls for Pilot Company and GM at up to 500 Pilot
and Flying J travel centers across more than 40 states.
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“EVgo, GM and Pilot Company share a commitment to building an
electric charging network that increases access and helps
accelerate the shift to electrification for all. The eXtend
offering leverages our technological expertise and experience
deploying and operating chargers for customers across the country,
including critical corridors for road trips,” said Cathy Zoi, CEO
at EVgo. “This particular EVgo eXtend rollout demonstrates the
versatile pathways we offer collaborators to achieve their
electrification goals and expand charging options for EVgo
drivers.”
Through EVgo eXtend, EVgo provides the hardware, design, and
construction of charging sites, as well as ongoing operations,
maintenance and networking and software integration solutions,
while its customers purchase and retain ownership of the charging
assets. EVgo eXtend allows EVgo to leverage its core competencies
to expand its network footprint to places where EV adoption is
still emerging by working with third-party owners. This unlocks
another avenue for growth and value creation while extending EVgo's
geographic footprint as well. The technology solutions provided to
EVgo eXtend customers build on a decade of experience with complex
charging infrastructure solutions, including ongoing work at the
EVgo Innovation Lab in El Segundo, as well as a suite of software
solutions to enable reliable uptime and a first-class customer
experience. Existing customers with EVgo accounts will also be able
to access eXtend chargers through the EVgo app, among other
options.
“GM is committed to creating an all-electric future for all.
This collaboration with Pilot Company and EVgo will help make that
future a reality by significantly expanding access to highway
charging from coast-to-coast in the U.S.,” said Alex Keros, GM
Director of Charging Infrastructure Development. “The
corridor-focused project also complements our existing work with
EVgo, including our efforts to add more than 3,250 fast chargers in
U.S. cities and suburbs by the end of 2025.”
“Pilot Company strives to bring the best experience and
offerings to the more than a million guests we serve every day,”
said John Tully, Pilot Company's VP, Strategy and Business
Development. "This new coast-to-coast network of fast chargers will
give the nation's growing number of EV drivers the confidence they
need when looking at long-distance travel by eliminating range
anxiety and delivering the best amenities while they wait.”
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging
network for electric vehicles. 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.
About Pilot Company
Pilot Travel Centers LLC (“Pilot Company”) keeps North America’s
drivers moving as one of the leading suppliers of fuel and the
largest operator of travel centers. Founded in 1958 and
headquartered in Knoxville, Tennessee, Pilot Company has grown its
network to more than 800 retail and fueling locations and supplies
more than 14 billion gallons of fuel per year to the market. Pilot
Company has fourth largest tanker fleet with more than 1,600 trucks
that supply DEF, bio and renewable fuels, and provides hauling and
disposal services to the oil field sector. Pilot Company serves 1.3
million guests per day and provides over 70,000 fleet customers
with solutions for fuel, credit, factoring, services and rewards.
Its Pilot and Flying J travel center network includes over 750
locations in 44 states and five Canadian provinces with more than
790 restaurants, 75,000 truck parking spaces, 5,300 deluxe showers,
6,200 diesel lanes and offers truck maintenance and tire service
with Southern Tire Mart at Pilot Flying J. The One9 Fuel Network
connects a variety of fueling locations to provide smaller fleets
and independent professional drivers with everyday value,
convenience, credit and perks. More information on locations and
rewards are available in the myRewards PlusTM app.
Pilot Company is currently ranked No. 7 on Forbes' list of
America’s Largest Private Companies. For additional information
about Pilot Company, its 30,000 team members and commitment to
giving back, visit www.pilotcompany.com.
About General Motors
General Motors (NYSE:GM) is a global company focused on
advancing an all-electric future that is inclusive and accessible
to all. At the heart of this strategy is the Ultium battery
platform, which powers everything from mass-market to
high-performance vehicles. General Motors, its subsidiaries and its
joint venture entities sell vehicles under the Chevrolet, Buick,
GMC, Cadillac, Baojun and Wuling brands. More information on the
company and its subsidiaries, including OnStar, a global leader in
vehicle safety and security services, can be found at
https://www.gm.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"expect," "anticipate," "believe," "seek," "target" or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
forward-looking statements are based on management’s current
expectations or beliefs and are subject to numerous assumptions,
risks and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
These forward-looking statements include, but are not limited to,
express or implied statements regarding EVgo’s future financial
performance, increased EV adoption, the deployment of chargers in
connection with and the anticipated benefits of the collaboration
with GM and Pilot Flying J. These statements are based on various
assumptions, whether or not identified in this press release, and
on the current expectations of EVgo’s management and are not
predictions of actual performance. There are a significant number
of factors that could cause actual results to differ materially
from the statements made in this press release. See “Risk Factors”
in EVgo’s Annual Report on Form 10-K filed with the SEC on March
24, 2022, as well as its other filings with the SEC, copies of
which are available on EVgo’s website at investors.evgo.com, and on
the SEC’s website at www.sec.gov. The project may result in less
than 2000 stalls being built, based on the terms of the contract,
including termination rights. All forward-looking statements in
this press release are based on information available to us as of
the date hereof, and we do not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220714005489/en/
For Investors: Ted Brooks, VP of Investor Relations
investors@evgo.com 310-954-2943 For Media: press@evgo.com
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