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EVgo acquires e-mobility software company Recargo for USD25 million

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Acquisition, divestment & Spinoff

EV drivers, automakers, and charging networks are expected to benefit from EVgo’s acquisition of Recargo

EV charging network provider, EVgo has acquired Recargo, a leading e-mobility software company, for USD25 million in an all-cash deal, which included a USD3 million loan repayment, the company said in a press announcement on 14 July.

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