LS Power proposes to take EVgo private at $2.00 per share
By Eve
EVgo said it received an unsolicited, non-binding proposal from LS Power Equity Advisors and its affiliates to acquire all Class A common stock it does not already own, for cash at $2.00 per share. LS Power holds approximately 56% of EVgo's combined voting power. The announcement is dated 2 November 2026 in the EV Charging News Blog report, which describes EVgo as one of the nation's largest providers of public fast charging infrastructure in the United States.
Why it matters
A change of ownership at a major US fast charging operator could shift its capital allocation, site roll-out priorities and supplier relationships, so partners and bidders should watch for updates. The proposal is non-binding, so the outcome remains uncertain.
Source
- Original title
- “EVgo’s Major Shareholder Wants to Take Company Private”
- Published
- 7 November 2026
- Updated
- 10 November 2026
- Also covered by
- mobilityplaza.com · mobilityplaza.org
In this story
- Topic
- EV Charging
- Place
- United States
- Tag
- EVgo
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