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.

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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.

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The post Shell’s Electric Vehicle Charging Acquisition Hints At Ambitious Plans For The Space appeared first on CB Insights Research.

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