Acquisition would see Shell add Ubitricity’s 2,700 on-street EV charge points in the UK to its broader network of forecourt and motorway service station charging infrastructure
Shell is wading further into the electric vehicle (EV) infrastructure space, having agreed to snap up the UK’s largest EV charge point company Ubitricity, in move that would add thousands of charging points to the oil giant’s existing network.
Ubitricity, which owns 13 per cent of all the UK’s EV charge points, as well as extensive charging networks in France and Germany, announced this morning that it had reached a sale agreement with the Anglo-Dutch oil major in return for an undisclosed sum.
Once the deal is completed, the Berlin-based mobility firm, which specialises in installing affordable public EV stations on existing street infrastructure, will become a wholly owned subsidiary of Shell, the companies said.
The acquisition would significantly grow Shell’s existing EV charge point network, and comes as sales of plug-in cars continue to surge in the UK and almost all major carmakers look to expand their electric offerings over the coming decade in preparation for the 2030 ban on sales of new fossil fuel cars.
The deal would add Ubitricity’s 2,700 on-street chargers in the UK to the roughly 1,000 charge points already owned by Shell at retail stations across the country, in addition to bolstering access to the 185,000 chargers owned by the oil and gas giant worldwide via affiliates at its forecourts and motorway service stations.
Lex Hartman, chief