Jan. 25, 2021— Royal Dutch Shell is acquiring ubitricity, the UK’s largest public electric vehicle charging network, Reuters reported Monday.
“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,” Shell said in a statement.
The deal is expected to be completed later this year and will give Sheel ownership of over 2,700 on-street charge points in the UK.
Shell is aiming to become a net-zero emissions energy business by 2050 or sooner.
