Shell has signed an agreement recently to buy 100% of ubitricity, a leading European provider of on-street charging for electric vehicles (EVs). The move represents a further step in Shell’s efforts to support drivers as they switch to lower-carbon transport. Subject to regulatory clearance, the deal is expected to be completed later this year.  (Photo quoted from ubitricity’s official website)

Founded in Berlin, Germany, ubitricity operates in a number of European countries, and is the largest public EV charging network in the UK with over 2,700 charge points (currently over 13% market share). The company has also established emerging public charging positions in Germany and France and has installed over 1,500 private charge points for fleet customers within Europe.

This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer. This already includes over 1,000 ultra-fast and fast charging points at approximately 430 Shell retail sites plus worldwide access to over 185,000 third party EV charging points at a range of public locations including forecourts, motorway service stations, and destinations.

This is the latest move from Shell as it expands its low-carbon transport options for customers, helping them to reduce their carbon footprint. Shell’s own ambition is to become a net-zero emissions energy business by 2050, or sooner, in step with society. Once the deal is completed, ubitricity is expected to become a wholly owned subsidiary of Shell.

(IRuniverse)