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Shell To Acquire Greenlots, Serve As Platform To Integrate EV, Energy Resources

January 31,2019



Greenlots, a US-based provider of electric vehicle (EV) charging and energy management software and solutions, announced that it has signed an agreement to become a wholly owned subsidiary of Shell New Energies US LLC, a subsidiary of Royal Dutch Shell plc.

"With this 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 best in class software and services that enable large-scale deployment of smart charging infrastructure and integrate efficiently with advanced energy resources like solar, wind and power storage," Greenlots said

"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," said Mark Gainsborough, Executive Vice President, New Energies for Shell.

Greenlots will retain its brand identity and leadership team.

Tags:
Shell   M&A   Greenlots   Innovation  

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