Shell takes ownership of US electric vehicle charging tech firm

US-based EV firm Greenlots will become a wholly owned subsidiary of the Big Oil conglomerate, but will retain its identity and leadership team

31Jan

Greenlots, a US-based electric vehicle (EV) charging solutions provider, has signed an agreement to become a wholly owned subsidiary of Royal Dutch Shell subsidiary Shell New Energies US.

The deal will see Greenlots' technology and team become what Shell has described as "the foundation" for it expansion of electric mobility solutions in North America.

The companies will work together to develop software and services that "enable large-scale deployment of smart charging infrastructure", which will target integration with solar, wind and power storage resources. Greenlots will, however, retain its brand identity and leadership team as part of the terms of the deal.

Mark Gainsborough, Shell's executive VP of New Energies, remarked: "This latest investment in meeting the low-carbon energy needs of US drivers today is part of our wider efforts to make a better tomorrow.

"It is a step towards making EV charging more accessible and more attractive to utilities, businesses and communities," he added.

Based in Los Angeles, California, Greenlots has deployed projects in 13 countries, having developed software and services that equip drivers, site hosts and network operators to deploy and manage EV charging infrastructure at scale.

Greenlots CEO Brett Hauser commented: "Electrification will enable a more connected, autonomous and personalized experience. 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."

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