Shell has announced the acquisition of on-street charging company Ubitricity to support drivers switching to EVs.
The deal, which is expected to complete later this year, will see the multinational oil and gas company purchase 100% of Ubitricity, which in turn will become a wholly owned subsidiary of Shell.
Ubitricity was founded in Berlin and operates in a number of European cities. It is one of the largest public EV charging networks in the UK with over 2,700 charge points and a more than 13% market share.
The on-street charging company works with local authorities to integrate EV charging into existing street infrastructure including lampposts and bollards.
Commenting on the acquisition, István Kapitány, executive vice President of Shell Global Mobility, said: “On-street options such as the lamppost charging offered by Ubitricity will be key for those who live and work in cities or have limited access to off-street parking.
“Whether at home, at work or on-the-go, we want to provide our customers with accessible and affordable EV charging options so they can charge up no matter where they are.”