Update on February 26th, 2021: Shell completes acquisition of ubitricity — ubitricity is now wholly owned subsidiary of Shell, within its Mobility division.
Broadening its current range of EV charging solutions, Shell supports the shift to low-carbon transport by offering electric vehicle drivers public on-street charge points integrated into existing street infrastructure.
Shell has signed an agreement to buy 100% of ubitricity, a leading European provider of on-street charging for electric vehicles (EVs). The move represents a further step in Shell’s efforts to support drivers as they switch to lower-carbon transport. Subject to regulatory clearance, the deal is expected to be completed later this year.
Founded in Berlin, Germany, ubitricity operates in a number of European countries, and is the largest public EV charging network in the UK with over 2,700 charge points (currently over 13% market share [1]). The company has also established emerging public charging positions in Germany and France and has installed over 1,500 private charge points for fleet customers within Europe [2].
ubitricity works with local authorities to integrate EV charging into existing street infrastructure such as lamp posts and bollards. The result is EV charging that is affordable, accessible and convenient for anyone who wants to charge their EV while it is parked on the street. This solution is particularly useful for people who lack a private driveway but want to charge their EV overnight.
This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale their overall EV charging offer. This already includes over 1,000 ultra-fast and fast charging points at approximately 430 Shell retail sites plus worldwide access to over 185,000 third-party EV charging points [3] at a range of public locations including forecourts, motorway service stations, and destinations.
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.”
Explaining why Shell was the ideal company to support ubitricity’s growth strategy, Lex Hartman, ubitricity’s CEO, said, “What excites so many people about ubitricity is that our integration of EV charge points into existing on-street infrastructure makes EV charging easy and accessible for everyone who needs it, where they need it. Particularly in larger cities where there is limited access to off-street parking, this is the solution many people have been waiting for to allow them to transition to EV ownership. Combining this piece of the puzzle with Shell’s existing range of EV charging solutions gives EV drivers access to a full range of charging options, making Shell and ubitricity a perfect match.”
This is the latest move from Shell as it expands its low-carbon transport options for customers, helping them to reduce their carbon footprint. Shell’s own ambition is to become a net-zero emissions energy business by 2050, or sooner, in step with society.
Once the deal is completed, ubitricity is expected to become a wholly owned subsidiary of Shell.
1 https://www.zap-map.com/statistics/#share – 22/01/2021
2 ubitricity also provides private off-street EV charging solutions for business customers in Germany
3 Shell’s Global charging point network: through Shell affiliated brands and partner networks
NOTES TO EDITORS:
Siemens has partnered with ubitricity since 2017, delivering charging infrastructure across London, UK. Siemens installs and maintains the ubitricity charging ‘SimpleSocket’ solution in lamp posts across London boroughs. This partnership supports Transport for London in a shared endeavour to make electric vehicle charging accessible to every Londoner – helping improve air quality and uptake of EV cars. Siemens acquired a minority stake in ubitricity in 2017; the company has made the decision to sell this stake to Shell. Siemens plans to maintain its partnership with ubitricity, through Shell, and continue to service charging infrastructure across London boroughs, as well as work jointly on new projects if they arise. Siemens Smart Infrastructure, which runs the e-mobility charging portfolio within Siemens AG, focuses predominantly on business-to-business e-mobility customers, offering a full range of charging solutions.
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About ubitricity
ubitricity is the leading charge point operator in the UK and hosts a network of over 6,000 public charge points. Supplying lamppost, bollard, fast and rapid charge point solutions, ubitricity works alongside local authorities to expand public charging infrastructure inline with residents’ needs. Based in Berlin and London the company also operates in other European countries such as Germany and France. ubitricity is a wholly owned subsidiary of the Shell Group.
About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com.
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