Electrify America
Building the largest open DC fast-charging network in the US
SectorsCharging Infrastructure
DC Fast Chargers
5,600+
Target 10,000 by 2026
Stations
1,080+
47 US states
Charging Sessions (2025)
20M+
Cumulative total
Valuation
~$2.45B
Siemens investment
Funding History
Total raised: $2B+ · Latest valuation: ~$2.45B
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| VW Dieselgate Settlement – Cycle 1 | 2017 | $500M | — | Volkswagen Group |
| VW Investment – Cycle 2 | 2019 | $500M | — | Volkswagen Group |
| VW Investment – Cycle 3 | 2021 | $500M | — | Volkswagen Group |
| VW Investment – Cycle 4 | 2023 | $500M | — | Volkswagen Group |
| Minority Stake Sale | Jun 2024 | $450M | ~$2.45B | Siemens |
Product Specifications
| Feature | Details |
|---|---|
| Network Type | Open DC fast-charging (CCS / NACS) |
| Max Power | Up to 350 kW per connector |
| Stations | 1,080+ stations across 47 US states |
| Chargers | 5,600+ individual DC fast chargers |
| Payment | App, contactless pay, Plug&Charge |
| Roaming | Interoperable with multiple OEM apps |
Partnerships & Investors
Volkswagen GroupParent Company
Majority owner, committed $2B+ over four investment cycles
SiemensStrategic Investor
Minority shareholder since Jun 2024; $450M investment
FordRoaming Partner
Ford EV owners access EA network via FordPass
Hyundai / KiaRoaming Partner
Complimentary charging credits for select EV models
Mercedes-BenzRoaming Partner
MBUX integration and charging access
Key Milestones
2017
Company Founded
Established as part of VW's $2B Dieselgate settlement with US regulators
2018
First Stations Open
Initial DC fast-charging stations come online across multiple states
2021
1,000+ Chargers Deployed
Surpasses 1,000 individual DC fast-charging connectors
Jun 2024
Siemens Minority Investment
Siemens acquires minority stake for $450M, valuing EA at ~$2.45B
2025
20M+ Charging Sessions
Crosses 20 million total charging sessions delivered
2025
5,600+ DC Fast Chargers
Operating across 1,080+ stations in 47 US states
2026
10,000 Charger Target
Goal to reach 10,000 individual DC fast-charging connectors