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EVgo

EV chargingUSA
📉 Public < $1B
Peak $3 BillionToday
~-87%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $3 Billion ’21
  3. 💔
    Became a Unitard
    ~2022
  4. 💸
    Last valuation
    ~$390M
Current status
Public ~$0.39B

How it happened

EVgo operates one of the largest public fast-charging networks for electric vehicles in the US and reached roughly $3B in value after a 2021 SPAC merger. As post-SPAC EV enthusiasm faded and the company posted ongoing losses, its market capitalization fell sharply. By 2026 it traded around $0.39B, down roughly 87% from its peak, leaving it well below unicorn status.

Source: PitchBook Feb 2026