EVgo Inc. (NYSE: EVGO) (“EVgo” or the “Company”) announced today the commencement of an underwritten public offering of $125,000,000 of shares of its Class A common stock, par value $0.0001 per share (the “Class A common stock”). All of the shares of Class A common stock to be sold in the offering will be offered by the Company. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $18,750,000 of shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. The Company intends to use the net proceeds of the offering for general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

J.P. Morgan Securities LLC, Evercore Group L.L.C. and Goldman Sachs & Co. LLC are acting as the underwriters for the offering.