EVgo Inc. shares rise 15.01% premarket after reporting record Q2 revenue of $98.0 million, a 47% year-over-year increase.

Evgo Inc. rose 15.01% in premarket trading, driven by strong Q2 financial results. The company reported a 47% increase in revenue, beating estimates, and secured a $225 million commercial bank loan facility to accelerate infrastructure buildout. Additionally, EVgo's charging network revenue grew by 46% year-over-year, marking the 14th consecutive quarter of double-digit growth.