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January 31, 2019

Greenlots acquired by Shell New Energies US

Greenlots has signed an agreement to become a wholly-owned subsidiary of Shell New Energies US.

By Rhodri Morgan

Greenlots has signed an agreement to become a wholly-owned subsidiary of Shell New Energies US.

With the deal, Greenlots’ technology and team become the foundation for Shell’s continued expansion of electric mobility solutions in North America.

Together, the companies will offer software and services enabling large-scale deployment of smart charging infrastructure and integrate with energy resources such as solar, wind and power storage.

“As power and mobility converge, there will be a seismic shift in how people and goods are transported,” said Greenlots CEO, Brett Hauser.

“Electrification will enable a more connected, autonomous and personalised 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.”

For his part, Shell New Energies EVP, Mark Gainsborough added: “As our customers’ needs evolve, we will increasingly offer a range of alternative energy sources, supported by digital technologies, to give people choice and the flexibility, wherever they need to go and whatever they drive.

“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.”

With Shell, Greenlots will intensify its growth efforts and expand its range of mobility services to utilities, cities, automakers, fleets and drivers around the world.

Greenlots will retain its brand identity and leadership team.

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