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Shell acquires Greenlots to Expand EV Charging Infrastructure

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Published on : Jan 31, 2019

In a bid to show its preparedness for the electrification of roads in America, Royal Dutch Shell is acquiring Greenlots.

Despite the acquisition, Greenlots will continue to maintain its leadership and brand, and will be the building block of Shell’s electric mobility business in North America. The companies have not yet disclosed the acquisition price. In addition, Shell has been able to make this acquisition via its U.S. subsidiary Shell New Energies.

Greenlots is not just a charging network, it also offers software to manage charging and quick chargers for the electric vehicles.

Brett Hauser CEO of Greenlots also stated that the company’s technology backed by Shell’s resources, scale and reach will be a boon to the mobility ecosystem in the future. This future mobility ecosystem will be more accessible, safer and cleaner.

Shell Invests in Startups to Boost Adoption of EV in Near Future

Shell has emerged as a major investor in the cleantech space in recent years. The company is building businesses around new fuels, which includes electricity.  Furthermore, the company has also been increasing its talent pool from other cleantech companies in this space.

To attain such goals, companies have to invest heavily in the development of infrastructure in order to gain success in coming years. This again depends on adoption of EV at large scale.

Shell is not only company which is investing heavily in EV charging technologies. Earlier, last week, Petro Canada has taken firm decision by installing electric chargers at their gas stations.

Last year, Shell invested on a startup company called Ample. The company is taking necessary measures to provide solutions for the hybrid vehicles. Earlier, Shell has already taken steps to encourage renewable energy and to boost the adoption of electric vehicles in the foreseeable future.  

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