Shell acquires ubitricty, England’s major electric vehicle charging network

UK’s largest EV charging company becomes a part of Shell

Royal Dutch Shell announced on Monday it was to acquire ubitricity,  UK’s biggest public electric vehicle charging network. No financial terms of the deal have been disclosed. The press release said Shell invested in 100% of the company.

The deal covers more than 2,700 on-street charge points in the country and is expected to be finished later this year. ““This acquisition marks Shell’s expansion into the fast-growing on-street EV charging market and will provide critical competencies, helping Shell to scale its overall EV charging offer,” explained Shell.

13% market share with 2,700 charging points

Founded in Berlin in 2008, ubitricity operates in a couple of European countries, and owns largest public EV charging network in the UK with over 2,700 charge points. Ubitricity claims the company’s current market share is over 13%. The company launched emerging public charging positions in Germany and France and installed over 1,500 private charge points for fleet customers across Europe as well. Lex Hartman, CEO at ubitricity, stated that Shell’s acquisition to support their growth strategy: “…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…”

Turkey’s EV charging players: ZES and Eşarj

As a comparison Zorlu Energy Solutions (ZES), a subsidiary of Zorlu Holding, owns 764 EV charging points and operates all around Turkey. (Link in English). On the other hand, Eşarj, a part of Enerjisa, operates at 186 EV charging points with 320 connectors. (Link in English)    


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