At Its El Segundo Innovation Lab, EVgo Tries to Predict the Future of Car Charging

Zac Estrada

Zac Estrada is a reporter covering transportation, technology and policy. A former reporter for The Verge and Jalopnik, his work has also appeared in Automobile Magazine, Autoweek, Pacific Standard, Boston.com and BLAC Detroit. A native of Southern California, he is a graduate of Northeastern University in Boston. You can find him on Twitter at @zacestrada.

At Its El Segundo Innovation Lab, EVgo Tries to Predict the Future of Car Charging
The fastest electric car charging stations can replenish a battery from empty in about an hour. As carmakers from Volvo to Tesla race to make charges speedier and more powerful, the next 10 years mean added pressure on charging stations, from the plugs in homes to the stands at supermarkets.

But it's a delicate dance for the companies responsible for those chargers. Overheating and degradation has plagued some models over the last decade, and even Tesla has reduced the charging speed on some of its cars based on battery health and how often fast charging was used.

"The majority can't take more than a 50 kW per hour charging, and the charge rate doesn't stay at that and declines even more as the battery heats up," said Ivo Steklac, chief operations and technology officer of EVgo, one of the predominant electric vehicle charging companies in the U.S. "In order to manage this intelligently, we didn't think it was wise to dedicate this level of charger to vehicles when the majority of them can't take it."

With EV technology evolving at such a rapid clip, EVgo is grappling to make sure its charging stations are outfitted to handle the newest and most powerful electric cars. The company has been pouring resources into figuring out not only where and how many chargers should be placed across the country, but also issues that users might face when pulling up to a station to get some juice for their car. In April it opened a 4,000 square-foot Innovation Lab in El Segundo.

Engineers there are trying to work out a number of hardware, software and logistics problems — some of which exist now, and some that might become apparent later, as batteries get bigger and vehicles can charge more quickly to eventually replace the lines at gas stations.

EVgo, which went public July 2 after an SPAC merger with Climate Change Crisis Real Impact I Acquisition Corp. now has more than 800 chargers dotted across the U.S. as the Biden administration tries to jumpstart an electric vehicle revolution. But the market share remains small as Americans groan about range and access to car chargers.

"We created this lab to do a number of tests, from electric to physical and mechanical," said Steklac. "EV manufacturers are placing their charging ports in all sorts of places on the cars so they can reduce the length of wiring for these very high-powered cables."

It follows, then, that one of EVgo's tests at the lab includes a cable reach analysis to figure out not only an acceptable length for a charging cable, but also a manageable weight for not only the average driver, but shorter people or those with disabilities. EVgo wants to banish problems like pulling up to a gas pump when the car's fuel door is on the opposite side.

EVgo's lab engineers are also busy considering EV charging times. When the company was first installing chargers a decade ago, a charging rate of 50 kilowatts per hour was considered more than sufficient for drivers. Today's Tesla's Superchargers have a 120 kWh rate, while Volkswagen-owned Electrify America is building stations with 350 kWh-capable chargers. But only a few EVs on sale now can handle that charge rate, so Steklac said its chargers have to allow for significant disparities between vehicles.

Similarly, EVgo is looking at how extensive fast charging affects the longevity of an EV's battery pack.

"The majority (of models) can't take more than a 50 kW per hour charging, and the charge rate doesn't stay at that and declines even more as the battery heats up," Steklac said. "In order to manage this intelligently, we didn't think it was wise to dedicate this level of charger to vehicles when the majority of them can't take it."

Steklac said designing the next generation of chargers to go with the next generation of electric vehicles is becoming important as the market becomes less of a niche. EVgo's CEO Cathy Zoi said during the company's Wall Street debut that the EV market in the United States is estimated to grow from just over 1% share of the passenger car segment in 2020 to more than 10% by 2030, just before state mandates like California's go into effect for new vehicle sales.

Even without the Biden administration's 500,000 EV charger pledge, Steklac believes there needs to be 50,000 stations just to support the existing market. And that doesn't even include commercial vehicles, ride sharing services like Uber and Lyft or buses and postal delivery vans that are high on the White House's list to electrify.

EVgo's automaker partnerships currently extend to General Motors and Nissan, both of which sell EVs in the U.S., and are about to introduce new, longer-range models. The charging company touts its network as the largest for fast chargers in the country, with 800 stations across 34 states.

In California, Steklac said electric car hotbeds Los Angeles, San Diego and the San Francisco Bay areas are well-served, but acknowledges there are gaps in the infrastructure. He said the innovation lab uses an algorithm and purchase data to determine where EV owners live to determine where to put new charging stations.

Shopping and entertainment centers are EVgo's target for fast charging hubs right now. Kroger and Whole Foods are among its grocery store partners, too.

"The average American goes to the grocery store twice a week and spends 30 to 45 minutes there," Steklac said. "We target those, we target pharmacies, fast casual restaurants where you spend an hour or less. These include malls and parking garages, particularly in urban areas."

Steklac said the company is also talking with regional transit agencies, as well as Amtrak where there are EVgo charging stations at Washington, D.C.'s Union Station, because he said the mentality is still to "partner with anyone and everyone" in this still-early EV era.

Because while automakers and analysts expect home stations to be the way most EV owners will charge their vehicles in the long term, Steklac said that won't be the solution for every household and won't allow for the electrification of vehicles as quickly as lawmakers want. That's why the teams at the Innovation Lab have plenty of work to do over the next decade.

"Public charging is there to augment if you have home charging, but it's there to be a reliable source if you don't," Steklac said.

AI Dominates the Headlines, but Defense Tech Is Gaining Speed

🔦 Spotlight

Hello, Los Angeles!

This week, DeepSeekAI has been dominating the tech conversation. The Chinese AI startup’s chatbot app surged to the No. 1 spot on the App Store, drawing both excitement and scrutiny. Supporters see its open-weight model as a potential game-changer, offering developers more flexibility compared to closed AI systems like OpenAI’s. But the rapid rise has also raised questions about security, data governance, and global AI competition. Whether DeepSeek will be a long-term disruptor or just a momentary sensation remains to be seen, but one thing is clear—AI remains the tech industry’s driving force.

But while AI continues to dominate headlines, another sector is quietly making waves—defense technology. And one LA-based startup just secured a major endorsement from investors and the U.S. government.

Castelion’s Hypersonic Bet—Can It Outrun the Defense Industry’s Red Tape?

Image Source: Castelion

El Segundo-based Castelionjust raised$100 million to accelerate its mission to build hypersonic weapons faster, cheaper, and at scale. The financing—$70 million in equity (led by Lightspeed Venture Partners with participation from a16z, Lavrock Ventures, Cantos, First In, BlueYard Capital, and Interlagos) and $30 million in venture debt (from Silicon Valley Bank)—is the latest sign that venture capital sees national security startups as a high-growth opportunity.

Unlike traditional defense contractors, Castelion is operating like a fast-moving startup, not a slow-moving government supplier. Founded by former SpaceX engineers, the company is applying an iterative, test-heavy approach to building long-range hypersonic strike weapons—which travel at speeds exceeding Mach 5 (3,800+ mph) and are designed to evade modern missile defenses.

Not Just VC-Backed—The U.S. Military is Betting on Castelion Too

While the $100 million raise is a major milestone, Castelion already has funded contracts with the U.S. Navy, U.S. Air Force, and U.S. Army. These contracts are focused on hypersonic technology development and scaled manufacturing, areas where the military has struggled to move quickly due to bureaucratic delays and reliance on traditional defense giants.

To prove it can execute, Castelion recently successfully launched a low-cost ballistic missile from a self-built launcher in Mojave. Now, with both government contracts and venture capital behind it, the company is pushing forward on more flight tests and building out its scaled production capabilities.

Image Source: Castelion - Castelion launches a missile prototype in Mojave, CA

With rising geopolitical tensions and an increasing focus on faster, cost-effective deterrence, Castelion is positioning itself as a new kind of defense player—one that moves at startup speed. Whether it can sustain that pace while navigating the complexities of government procurement remains to be seen, but one thing is clear: the future of defense tech isn’t just about who can build the best weapons—it’s about who can build them fast enough.


🤝 Venture Deals

LA Companies

  • Omnitron Sensors, a Los Angeles-based pioneer in microelectromechanical systems (MEMS) fabrication technology, has secured over $13M in a Series A funding round led by Corriente Advisors, LLC, with participation from L'ATTITUDE Ventures. The company plans to use the funds to expand its engineering and operations teams and accelerate the mass production of its first product, a reliable and affordable MEMS step-scanning mirror designed for various applications, including AI data centers, advanced driver assistance systems (ADAS), drones, extended reality (XR) headsets, and toxic gas-detection systems. - learn more
  • Camouflet, a Los Angeles-based technology company specializing in AI-driven dynamic pricing solutions, has secured a $12M Series A funding round led by QVM. The company plans to utilize the proceeds to scale its platform across various industries, expand into international markets, and enhance its technology and team to better serve its clients. - learn more
LA Venture Funds
  • Clocktower Ventures participated in a $6.2M Seed funding round for Foyer, a New York-based fintech startup that assists individuals in saving for home purchases. The funds will be used to enhance Foyer's platform and expand its user base. - learn more
  • Smash Capital participated in ElevenLabs' $180M Series C funding round, bringing the company's valuation to $3.3 billion. Based in New York, ElevenLabs specializes in AI-powered text-to-speech and voice cloning technology. The newly secured funds will be used to enhance its AI audio platform and expand its global presence. - learn more
  • March Capital participated in a $25M Series C funding round for SuperOps to support the company's efforts in advancing AI research and development, expanding offerings for mid-market and enterprise managed service providers (MSPs), and scaling its global presence. Additionally, SuperOps is launching an AI-powered Endpoint Management tool to enhance IT team productivity. - learn more
  • Cedars-Sinai participated in a $2M funding round for Neu Health to support its AI-driven neurology care platform for conditions like Parkinson’s disease and dementia. Originating from the University of Oxford, Neu Health will use the funds to enter the U.S. market, beginning with a six-month pilot program at Cedars-Sinai focused on improving neurology patient care. - learn more
  • Chapter One Ventures participated in a $2.8M seed funding round for Mevvy, a blockchain startup aiming to democratize Maximal Extractable Value (MEV) trading by simplifying access and reducing technical complexities. The funds will be used to further develop Mevvy's platform, expand its user base, and enhance its offerings. - learn more

    LA Exits

    • Kona, an AI-powered assistant and coach for remote managers, has been acquired by 15Five, a performance management platform. Founded in 2019, Kona integrates with virtual meeting platforms like Zoom and Google Meet to provide tailored coaching and enablement for remote managers. The acquisition aims to enhance 15Five's offerings by incorporating Kona's capabilities to improve manager effectiveness within existing workflows. - learn more

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      Can Technology Outpace Wildfires?

      🔦 Spotlight

      Hello, LA!

      This week, tech headlines are buzzing with OpenAI's launch of Operator, a tool that promises to transform task automation, and TikTok’s major outage, which left millions disconnected. But closer to home, as wildfires blaze across Southern California, survival has become the focus—and technology is making it possible.

      When the plume of smoke reappeared on the horizon, residents across Southern California turned to tools like Watch Duty. Over the past week, as flames surged, the app gained 600,000 new users in just one night, delivering critical, real-time information to help residents stay ahead of danger. Watch Duty, designed to provide wildfire updates, has proven to be much more than an alert system. It’s a lifeline.

      The app integrates live data, satellite imagery, and community reports to send updates directly to users. Information includes fire locations, evacuation orders, and air quality indices, empowering quick, informed decisions. Its community-driven ethos—with contributions from locals, firefighters, and volunteers—ensures hyper-local and timely updates, filling gaps where traditional news outlets often fall short.

      Image Source: Watch Duty

      A New Era of Fire Alerts

      Watch Duty redefines wildfire preparedness through technology and collaboration:

      • Fire Detection: Monitors data from satellites, agencies, and ground sources to identify wildfires.
      • Data Verification: A team of experts ensures reported activity is accurate.
      • Real-Time Alerts: Notifications are sent within 60 seconds of detection.
      • Community Contributions: Local residents provide photos and updates.
      • User Notifications: Alerts include fire size, location, and evacuation details.

      These features make Watch Duty an indispensable tool during wildfire season. In 2024, the app processed over 2 million alerts and supported 50,000 evacuations, with plans to expand predictive modeling by 2025 to anticipate threats before they escalate.

      Innovations Reshaping Wildfire Management

      Early Detection Leaders:

      • AlertCalifornia: Operates over 1,000 cameras with machine learning to monitor high-risk areas.
      • Pano AI: Uses cameras and sensors to detect smoke and alert responders.
      • Torch Sensors: Deploys heat-detection sensors to identify anomalies early.

      Image Source: Torch Sensors

      Predictive and Analytical Pioneers:

      • Chooch AI: Employs drones and computer vision to monitor fire hazards.
      • Data Blanket: Uses analytics to forecast fire behavior and assist evacuations.
      • Rain: Leverages advanced atmospheric sensing and AI-driven technology to provide precise fire detection and tracking. Its real-time data on fire weather conditions and environmental factors helps agencies anticipate and respond to wildfires with greater efficiency.
      • SCEPTER: Tracks air quality and wildfire emissions using AI and satellite data.

      Image Source: Rain

      A Vision for the Future

      As Los Angeles continues to adapt to the realities of a changing climate, tools like Watch Duty, Pano AI, and AlertCalifornia are proving to be invaluable. These technologies are not just reactive measures; they represent a shift toward proactive disaster preparedness. The question now isn’t whether technology can help but how much more it can achieve in the years to come.

      With the integration of predictive modeling, AI, and real-time data, there’s hope for a future where wildfires are no longer unpredictable forces of destruction. Imagine every household equipped with predictive wildfire maps, heat-detecting drones, and AI-driven tools to guide safety decisions. The innovations are here—it's up to us to support and scale them to ensure they reach the communities that need them most. Which company, which app, or which breakthrough will emerge as the next lifeline? The possibilities for a safer, more prepared Los Angeles feel closer than ever.

      🤝 Venture Deals

      LA Companies

      • Favorited, a new livestream app positioning itself as an alternative to TikTok, has raised a $1.3M Pre-Seed from HF0, Soma Ventures, and several angel investors from the entertainment and social space. The platform, which participated in the a16z Speedrun accelerator program, offers features like streaks and leaderboards to boost user engagement. Favorited plans to use the funds to enhance its app's functionalities and expand its user base. - learn more
      LA Venture Funds
      • Overture VC participated in a $12M Series A funding round for Bedrock Energy, an Austin, Texas-based startup specializing in geothermal heating and cooling systems. Bedrock Energy plans to use the funds to advance its geothermal technologies and expand deployments in Colorado, Utah, and neighboring states. - learn more
      • Navigate Ventures LLC participated in a $7.2M Series A funding round for XILO, a San Diego-based insurance technology startup that provides a quoting and sales automation platform to help independent insurance agencies convert the next generation of insurance shoppers; the funds will be used to scale operations, manufacturing, and commercial efforts for its acne products. - learn more
      • Upfront Ventures participated in a $5.25M Seed funding round for 1up.ai, a New York-based company that automates knowledge for sales teams; the funds will be used to empower their growing customer base, including industry leaders like WalkMe, Gladly, and Deliveroo. - learn more
      • MTech Capital participated in a $2.2M Pre-Seed funding round for Qumis, a Chicago-based AI platform designed to transform insurance knowledge work; the funds will be used to scale its AI capabilities, accelerate product development, and expand its customer base. - learn more
      • Amboy Street Ventures participated in a SEK 304M Series B funding round for Gesynta Pharma, a Stockholm-based pharmaceutical company specializing in anti-inflammatory and pain-relief treatments, with the funds directed toward advancing a Phase II clinical trial of their lead candidate, vipoglanstat, for endometriosis. - learn more

      LA Exits

      • Bandy Manufacturing, a Los Angeles-based provider of aerospace fasteners and components, has been acquired by Novaria Group to enhance its portfolio and expand its capabilities in the aerospace and defense industries. - learn more
      • Pangea, a company specializing in eco-friendly and sustainable products with a focus on innovative technology solutions, is being acquired by Nature's Miracle Holding Inc. to accelerate growth and capitalize on synergies in sustainability and tech-driven product development. - learn more
      • Notisphere, a healthcare communication platform streamlining recall and alert management, has been acquired by Par Excellence Systems to enhance its capabilities in delivering efficient supply chain solutions for the healthcare industry. - learn more
      • Cryogenic Machinery Corp., a North Hollywood, California-based manufacturer specializing in cryogenic pumps for industrial gas and energy applications, has been acquired by PSG, a Dover company, to enhance PSG's portfolio of specialized fluid handling solutions. - learn more

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      The New Face of Live Shopping: Whatnot’s $5B Journey

      🔦 Spotlight

      Hello Los Angeles,

      This week has been a challenging one for many in our city as we continue to face the aftermath of the recent wildfires. Recovery efforts are in full swing, and as always, the strength and resilience of our community shine through.

      If you or someone you know has been impacted, there are resources available to help navigate this difficult time:

      • Pacific Palisades Fire Damage Maps: View here

      These tools can provide support, whether you’re looking for financial assistance, housing resources, or updates on affected areas.

      While our community focuses on recovery, we’re also reminded of what makes LA unique: its unrelenting drive to build, create, and innovate. A great example this week comes from Whatnot, the live shopping platform co-founded in 2019 by Grant LaFontaine and Logan Head, which has just achieved a major milestone.

      Whatnot announced it raised $265 million in Series E funding, valuing the company at an impressive $5 billion.

      For those unfamiliar, Whatnot combines shopping and entertainment through live-streamed auctions. Think of it as a vibrant, interactive marketplace where sellers showcase everything from trading cards and collectibles to fashion items, all in real time. Buyers can bid during the stream, creating a sense of excitement and connection that feels more personal than traditional online shopping.

      The company’s new funding—co-led by Greycroft, DST Global, and Avra Capital—will drive expansion into markets like Australia and bring improvements to seller tools, from inventory management to advanced analytics. But what stands out most is Whatnot’s focus on its people. CEO Grant LaFontaine announced plans to buy back $72 million in shares for long-term employees, a move that underscores the company’s dedication to sharing its success.

      As we move forward, let’s celebrate stories like these that show how innovation thrives in LA—even amid challenges. Whether it’s supporting wildfire recovery, building the next great startup, or simply connecting with others, we each play a role in shaping the spirit of our city.


      🤝 Venture Deals

      LA Companies

      • Phase Four, a leader in advanced in-space propulsion systems, announced the first close of its Series C funding round, securing nearly 60% of the target raise, led by Artemis Group Capital, to ramp up production of its Valkyrie Hall Effect Thrusters to at least 250 units annually and develop cutting-edge propulsion technologies for defense and national security needs. - learn more
      • Proper, a next-generation supplement brand launched by fitness entrepreneur Amanda Kloots, secured investment from Ben Bennett's Beauty Accelerator, The Center, to redefine the supplement industry with innovative, nutrient-focused wellness solutions tailored for modern lifestyles. - learn more
      LA Venture Funds
      • Sound Ventures participated in a $17M funding round for Reshop, a platform simplifying the returns process for consumers and merchants, with plans to use the funds to enhance their technology and expand their services. - learn more
      • LFX Venture Partners participated in a $30M strategic funding round for Shippeo, a Paris-based company specializing in real-time multimodal supply chain transportation visibility; the funds will support Shippeo's global expansion, particularly across North America and the Asia-Pacific region. - learn more
      • Amboy Street Ventures participated in a $15M Series A+ funding round for Granata Bio, a biotechnology company focused on developing advanced gene therapies; the proceeds will be used to accelerate the development of their pipeline and expand their research capabilities. - learn more
      • BAM Ventures participated in a $700,000 seed funding round for MX Locker, an online marketplace for buying and selling motocross gear and parts; the company plans to use the proceeds to enhance its platform and expand its user base. - learn more
      • Crosscut Ventures participated in a $7.15M seed funding round for SoloPulse, an Atlanta-based company developing advanced radar technology; the funds will be used to enhance their product development and expand market reach. - learn more
      • Starburst Ventures participated in Loft Orbital’s $170M Series C funding round, bringing the San Francisco-based satellite infrastructure provider’s total capital raised to $280 million, with the funds aimed at accelerating their "condosat" missions to simplify and expand access to space. - learn more
      • Overture VC participated in a $100M Series B funding round for Harbinger, a Southern California-based electric vehicle company specializing in medium-duty EVs; the funds will be used to accelerate the production of their electric vehicle platforms. - learn more
      • Muse Capital and Time BioVentures participated in an $18M Series A funding round for Conceivable Life Sciences, a New York-based biotech company developing the world's first AI-powered automated IVF lab; the funds will support their ongoing commercial pilot program in Mexico City and preparations for a U.S. launch targeted for early 2026. - learn more
      • B Capital Group participated in a $25M Series B funding round for Labviva, a Boston-based AI-driven procurement platform for life sciences; the funds will be used to accelerate product development, enhance marketing and customer support, and expand internationally. - learn more
      • Focalpoint Partners participated in a seed funding round for Kerna Labs, a San Francisco-based AI biotechnology company focused on advancing mRNA payload design for new therapies, with the funds supporting operational expansion and development efforts. - learn more

      LA Exits

      • Intracom Systems, a pioneer in software-based communication solutions, has been acquired by IPC, a global leader in trading communications technology, to enhance IPC's SaaS communications offerings for the financial services industry. - learn more
      • Adexa, a provider of advanced supply chain planning solutions, has been acquired by Eyelit Technologies to enhance its Manufacturing Operations Management (MOM) and Manufacturing Execution Systems (MES) offerings and expand its market presence. - learn more
      • Caramel, a platform specializing in simplifying online vehicle transactions, has been acquired by eBay to enhance its offerings for secure and streamlined automotive buying and selling experiences. - learn more
      • ImaginAb, a biotechnology company specializing in antibody-based imaging and therapeutic solutions, has been acquired by Telix Pharmaceuticals to expand its next-generation therapeutic assets and biologics technology platform. - learn more
      • Sleepypod, a global leader in crash-test-certified safety harnesses and carriers for pets, has been acquired by Paw Prosper to enhance its commitment to pet well-being and expand its portfolio of innovative pet safety solutions. - learn more

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