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DC Fast Chargers
5,600+
End of 2025; ~16% YoY
Stations
1,080+
47 states + Canada
Original 2026 Target
10,000 chargers
Behind schedule
Valuation
~$2.45B
Siemens 2022 round
Total raised: $2.45B+ · Latest valuation: ~$2.45B (Jun 2022)
| Round | Date | Amount | Valuation | Key Investors |
|---|---|---|---|---|
| VW Dieselgate Settlement (4 cycles) | 2017-2026 | $2B | - | Volkswagen Group |
| Minority Stake Sale | Jun 2022 | $450M | ~$2.45B | Siemens Financial ServicesVolkswagen Group (re-up) |
| Feature | Details |
|---|---|
| Network Type | Open DC fast-charging (CCS-1 + NACS) |
| Max Power | Up to 350 kW per Hyper-Fast connector |
| Stations | 1,080+ stations across 47 US states + DC + Canada |
| Chargers | 5,600+ individual DC fast chargers (end of 2025) |
| Payment | App, contactless tap-to-pay, Plug&Charge (ISO 15118) |
| Roaming | Native integration with Ford, GM, Hyundai/Kia, Mercedes-Benz, Honda apps |
Majority owner; committed $2B over four ZEV investment cycles per dieselgate settlement
Minority shareholder since Jun 2022 ($450M); board representation
In-app charging access via myChevrolet/myGMC/myCadillac apps from Jan 2026
Ford EV owners access EA network via FordPass and Tesla NACS adapters
Complimentary charging credits for IONIQ 5/6, EV6, EV9; native NACS port from MY2025
MBUX integration and complimentary charging program
Charging compatibility for Jeep, Dodge, Chrysler EVs (NACS adoption from Nov 2025)
Established as part of VW's $2B Dieselgate Zero Emission Vehicle (ZEV) investment plan over 10 years
Initial DC fast-charging stations come online across multiple states
$450M investment from Siemens Financial Services and VW values EA at ~$2.45B; Siemens takes board seat
Commits to add NACS connector to network by 2025 alongside existing CCS
Network reaches 4,800+ DC fast chargers across the US and Canada
Expands to 5,600+ chargers at 1,080+ stations across 47 US states + Canada (~16% YoY growth)
GM integrates EA's 5,000+ stations directly into myChevrolet, myGMC, and myCadillac apps
Reportedly responsible for ~85% of NEVI-compliant chargers installed nationwide
Second-largest DC fast-charging network in the US, originally funded by Volkswagen's $2B+ diesel settlement. Over 900 stations with ~4,000 ultra-fast chargers delivering up to 350 kW along major US highway corridors. Building a coast-to-coast fast-charging network accessible to all EV brands as a privately held VW subsidiary. Electrify America was founded in 2017, is headquartered in Reston, VA and employs ~600.
Electrify America has raised $2.45B+ in total at a ~$2.45B (Jun 2022) valuation, based on the funding rounds Sterling tracks.
Sterling groups Electrify America in the Charging sector, alongside Tesla Supercharger (TSLA), ChargePoint (CHPT), EVgo (EVGO), Blink Charging (BLNK), IONITY (private) and Fastned (FAST.AS).
If you are researching Electrify America, also look at Tesla Supercharger (TSLA), ChargePoint (CHPT) and EVgo (EVGO). You can compare all of them side by side or browse the full Charging sector on Sterling.
