USA: Oil giant Shell acquires Greenlots, an EV infra company

In 2017, Shell purchased NewMotion, an electric vehicle (EV) charging company. The petroleum giant has now acquired Greenlots, a US-based EV charging, energy management software and solutions company.

Shell is looking to offer a large-scale charging infrastructure while efficiently integrating it with energy sources like solar, wind and power storage. With this acquisition, the company expects a faster transition to new-age mobility solutions like EVs while offering a system that is cleaner, safer and accessible by many.

As part of the deal, Greenlots will retain its separate identity and leadership while scaling up its mobility services to utilities, cities, carmakers, fleets and drivers. Greenlots is headquartered in Los Angeles and has deployed projects in 13 countries.

Last year, Shell’s rival BP purchased Chargemaster, UK’s largest EV charging company. In 2017, Great Britain, France, Germany and China announced plans to phase out conventionally powered cars and move towards some form of electrification.