# EVgo funding: rounds and investors

> EVgo has raised $2.5B across 3 rounds since 2024. Investors include US Department of Energy, BlackRock and Wellington Management. Every round with its source.

Source: https://millionrounds.com/company/evgo (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *EVgo*

3 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Automotive & EVs Cleantech Construction Energy

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Funding summary Updated 15 Nov 2026

**$2.5B** raised across 3 rounds since 2024, from 3 sources

**$1.1B** Debt **$1.3B** Debt **$225M** Debt

- **Latest round:** Debt, $225M Jul 2025
- **Biggest round:** $1.3B Debt · Dec 2024
- **Investors:** 4 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025

**$1.1B** Debt

**$1.3B** Debt

**$225M** Debt

- **First round:** Debt, $1.1B
- **Biggest round:** $1.3B
- **Usual gap between rounds:** 7 months

## The rounds

- **Jul 2025** Debt **$225M** *3 new* *1 returning* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [BlackRock](https://millionrounds.com/fund/blackrock) [Wellington Management](https://millionrounds.com/fund/wellington-management) [VanEck](https://millionrounds.com/fund/vaneck) Source recorded
- **Dec 2024** Debt **$1.3B** *1 returning* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Lead Reported by TechCrunch
- **Oct 2024** Debt **$1.1B** *1 new* [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Reported by TechStartups

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Debt** 2024 **Debt** 2024 **Debt** 2025 [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) L [BlackRock](https://millionrounds.com/fund/blackrock) [Wellington Management](https://millionrounds.com/fund/wellington-management) [VanEck](https://millionrounds.com/fund/vaneck)

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **3** rounds, led 1

[BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **1** round

[Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round

[VanEck](https://millionrounds.com/fund/vaneck) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=evgo).

## Quick answers about EVgo

### Who invested in EVgo?

EVgo's investors include US Department of Energy, BlackRock, Wellington Management and VanEck.

### How much has EVgo raised?

EVgo has raised $2.5B across 3 rounds since 2024.

### When did EVgo last raise?

EVgo's most recent round was a Debt of $225M in Jul 2025.

### What was EVgo's biggest round?

EVgo's largest round on record is $1.3B (Debt), in Dec 2024, led by US Department of Energy.

### Who backed EVgo first?

EVgo's first round on record, in Oct 2024, was backed by US Department of Energy.

### What stage is EVgo at?

EVgo's latest named round is a Debt, in Jul 2025.

### Where is EVgo based?

EVgo is based in the United States.

### Who led EVgo's rounds?

US Department of Energy led the Debt in 2024.

## Companies like EVgo

In the same sector, and raised in the last eighteen months.

[**EV Life** $15M · Nov 2026](https://millionrounds.com/company/ev-life)[**Soofa** Nov 2026](https://millionrounds.com/company/soofa)[**Luminal** $28M · Nov 2026](https://millionrounds.com/company/luminal)[**New ERA Energy & Digital** $354M · Nov 2026](https://millionrounds.com/company/new-era-energy-and-digital)[**Atomarine** $20M · Nov 2026](https://millionrounds.com/company/atomarine)[**Coreshell Technologies** $54M · Nov 2026](https://millionrounds.com/company/coreshell-technologies)

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