Shell acquires Greenlots to expand EV infrastructure in North America
February 6, 2019 - In a sign of changing times, Shell New Energies—a subsidiary of Royal Dutch Shell, known primarily for petrochemicals—has signed a deal to acquire Greenlots, which develops electric vehicle (EV) charging and energy management software and systems.
With the deal, Greenlots' technology and leadership team will retain their brand identity and provide a new foundation for Shell's ‘electric mobility solutions’ in North America. Together, the companies plan to offer software and services to enable the large-scale deployment of EV charging infrastructure and integration with solar energy, wind energy and power storage.
"There will be a seismic shift in how people and goods are transported," says Brett Hauser, CEO of Greenlots. "Electrification will enable a more connected, autonomous and personalized experience."
"This is a step toward making EV charging more accessible and more attractive to utilities, businesses and communities,” says Mark Gainsborough, executive vice-president (EVP) of Shell New Energies.
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