evgo

Los Angeles-based EVgo is one of a handful of firms that General Motors has partnered with to patch together a nationwide electric vehicle charging network called Ultium Charge 360.

The announcement comes as a wave of new EV models are ready to hit the market and governments are pushing plug-in technology.

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Los Angeles has more electric vehicle chargers than any other American city.

There are over 10,000 chargers across the city thanks to the city's own aggressive "Green New Deal" and the resulting partnerships with local EV companies. The move has attracted several companies to the region.

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Electric vehicle charging station provider EVgo is going public, joining a wave of companies in the electric vehicle industry hoping to ride on Tesla's soaring stock growth over the last year.

The Los Angeles-based startup, which operates a nationwide fast-charging network for electric vehicles, announced Friday it's going public through a merger with a special purpose acquisition company that will generate about $575 million in net proceeds.

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