Shell buys European electric car charging firm ubitricity
Shell is buying the European electric vehicle charging company Ubitricity, the companies announced this morning without disclosing the deal's size.
Why it matters: Ubitricity says it is the largest charging public charging network in the UK, with over 2,700 charge points, and operates in several cities.
The big picture: Shell has made multiple moves in the EV charging space, in recent years acquiring NewMotion, which is also in Europe, and the U.S. company Greenlots.
Looks like Big Oil is trying to stay afloat in the EV business. Can you imagine pulling up to a EV charging station with Shell or Exxon on the Logo?
