In late January, Royal Dutch Shell (Shell) announced that it would acquire Ubitricity, a Berlin-based company offering on-street electric vehicle (EV) charging. Ubitricity installs charging ports into existing infrastructure, like street lamps, with the aim of making EV charging more accessible in large cities.
get the smart cities report
Get a data-driven look at the startups and industry players developing smart city technologies.
The acquisition highlights Shell’s continued expansion into the clean energy space, following the oil major’s 2020 announcement to reach net-zero emissions by 2050.
Want the full post? Become a CB Insights customer.
If you’re already a customer, log in here.
The post Shell’s Electric Vehicle Charging Acquisition Hints At Ambitious Plans For The Space appeared first on CB Insights Research.