UBITRICITY CHARGING NETWORK ACQUIRED BY SHELL

EV public chargepoint provider Ubitricity has been acquired by Anglo-Dutch oil major Shell. Terms of the deal have not been disclosed.

Lamp post charging network now part of Shell

Ubitricity is headquartered in Berlin, and is best known in the UK for charging points built into existing infrastructure, such as lamp posts. A minority share in the company was bought by technical partner Siemens in 2017, and this share has also been acquired by Shell. Siemens plans to maintain its partnership with Ubitricity, through Shell, and continue to service charging infrastructure across London boroughs, as well as work jointly on new projects if they arise.

READ: LPG PHASE-OUT CONTINUES AS SHELL ENDS AUTOGAS SUPPLY

This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market. Commenting, István Kapitány, Executive Vice President of Shell Global Mobility, said, “Working with local authorities, we want to support the growing number of Shell customers who want to switch to an EV by making it as convenient as possible for them”.

READ: TOTAL ACQUIRES LONDON CHARGING NETWORK

Shell is not the only oil company to invest in charging infrastructure. BP acquired Chargemaster in 2018 and Total acquired G2mobility in the same year and Source London, the capital’s largest charging network in 2020. .

The Shell deal is subject to all the usual regulatory approvals.

For the latest news and analysis from around the aftermarket, sign up to the CAT eNewsletter today

 

 

 

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Movers & Shakers: New appointment at MAHA UK

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

Autotech Group announces a host of leadership changes

Moves come as company transitions into a new phase under the leadership of CEO Simon King

Read More

Aftermarket firms that’ve failed to pay living wage named

One MOT centre owned employees more than £15,000; businesses were publicly named and shamed by the government

Read More

ELTA to stock Lucas bulbs at all Halfords stores

Pivotal factor of the deal saw all plastic packaging from Lucas and Halfords bulbs range removed

Read More

New grey area puts anyone who modifies a car at risk of prosecution

A workshop was recently found guilty of carrying out alterations to a car to make its exhaust louder

Read More

Go to comments

Your email address will not be published. Required fields are marked *