EVgo

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 losses continued, its market capitalization fell sharply — by 2026 to around $0.39B, roughly 87% off the peak. Insider accounts on Glassdoor tracked the descent: layoff rounds in both 2023 and 2024, recurring worries about funding, and yearly leadership turnover that reviewers said kept reversing company-wide goals. Reviews from late 2024 onward strike a steadier tone, describing a calmer, mission-focused workplace as the company rebuilt.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.