Shell To Acquire Ubitricity, The UK's Largest Charging Network

Shell soon should acquire Ubitricity, which operates more than 2,700 individual on-street charging points in the UK.

Shell announced an agreement to buy 100% of ubitricity, a European provider of on-street charging for electric vehicles, which operates mostly in the UK, Germany and France.

The comany was recently named the largest public EV charging network in the UK, by the number of individual charging points – over 2,700 or 13% market share, according to ZapMap’s statistics. Additionally, ubitricity has installed over 1,500 private charge points for fleet customers within Europe.

Commenting on the acquisition, 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. On-street options such as the lamp post 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.”

For Shell, it’s just another step in a global expansion into EV charging infrastructure segment. The company has acquired The New Motion in 2017, Greenlots in 2019, and soon will add ubitricity to the portfolio.

According to the press release, Shell Recharge already has more than 1,000 fast/ultra-fast chargers installed at 430 Shell retail sites. On top of that, the company offers access to over 185,000 third party EV charging points.

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