Mexican Media Brands
Shell Buys U.S. EV Charging Firm
Petroleum giant Royal Dutch Shell plc has acquired Greenlots, a Los Angeles-based company that specializes in electric vehicle charging systems, from Energy Impact Partners (EIP).
#hybrid
Share
Petroleum giant Royal Dutch Shell plc has acquired Greenlots, a Los Angeles-based company that specializes in electric vehicle charging systems, from Energy Impact Partners (EIP).
Terms of the deal, which were made through Shell’s New Energies subsidiary, weren’t disclosed. EIP, a “clean technology” private equity fund formed in 2015, began investing in Greenlots in 2016.
Launched in 2008, Greenlots operates 350 DC fast-charging stations in the U.S., mainly along highways. The company also provides EV charging-related smartphone apps, network management software and grid-balancing services.
Over the last two years, Greenlots has announced partnerships with BMW, General Motors, Hyundai/Kia, Volvo and Volkswagen’s Electrify America initiative. The GM program, which also involves ChargePoint and EVgo, integrates information about more than 31,000 charging stations into the carmaker’s myChevrolet app to provide motorists with updated information about the location and status of nearby chargers.
Shell’s acquisition of Greenlots follows rival BP’s purchase of Chargemaster last year. Chargemaster is the largest operator of charging stations in the U.K.
RELATED CONTENT
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
