Shell Buys U.S.-based Electric Vehicle-charging Company

Greenlots, an EV-charging company, aims to grow the EV charging infrastructure.

February 04, 2019

LOS ANGELES, Calif. - Royal Dutch Shell PLC is expanding its electric vehicle footprint in the U.S. with the acquisition of Greenlots, an EV-charging and power management company based in Los Angeles, according to PR Newswire.

Greenlots serves EV owners with charging infrastructure and offers charger hosts and grid operators software-based products to manage and optimize grid power flows. The acquisition is aimed at making EV charging more accessible and more attractive to utilities, businesses and communities.

“As power and mobility converge, there will be a seismic shift in how people and goods are transported," Brett Hauser, CEO of Greenlots. "Our technology, backed by the resources, scale and reach of Shell, will accelerate this transition to a future mobility ecosystem that is safer, cleaner and more accessible."

The cost of the acquisition was not disclosed. The company’s branding and leadership team is not expected to change.

This purchase is one of several moves in the EV space by Royal Dutch Shell. In 2017, Shell bought the Dutch charging company NewMotion. Currently, it is partnering with automaker-backed Ionity to construct charging stations in Europe, and last year, it invested $31 million in Ample, the EV battery swapping startup.

Other oil companies are also interested in EV-charging. Last year, BP purchased Chargemaster, the largest charging network in Britain, and Chevron invested in ChargePoint Inc. of California, a leading network with EV stations in the U.S., Europe and Australia.