Shell, one of the world’s largest energy providers, has signed an agreement to buy NewMotion in a deal that will enable both companies to accelerate the transition to low-carbon transport.
Under the terms of the deal, NewMotion will remain focused on accelerating its mission in Europe by delivering more innovative smart-charging solutions to homes, businesses and public parking spaces. The acquisition will help NewMotion enhance its electric vehicle (EV) charging services turning more parking spaces into charging stations as well as improving users charging experience across Europe.
“We are very pleased to have such a strong investor that fully supports our mission, enabling us to further expand across Europe at a time when the transition to electric vehicles is gathering pace,” Sytse Zuidema, CEO of NewMotion, said. “We are excited that our ongoing mission and belief in a transition towards less-polluting transport source has been endorsed so strongly by Shell, one of the world’s leading energy companies.”
NewMotion is the market leader in offering charging solutions for electric vehicles in Europe. The company currently has more than 30,000 private charge points across the Netherlands, Germany, France and the UK. The company also provides access to a network of more than 50,000 public charge points across 25 countries in Europe for more than 100,000 registered drivers charge cards. NewMotion and Shell will utilise the synergies and opportunities that this deal provides to further develop and enhance the leading-edge services and products NewMotion offers existing and future EV drivers. NewMotion has been active in the market since 2009, fulfilling a pioneering role in the industry.
The new Cleantech Venture Day in London has been heralded as a great success by the attendees, investors and pitching companies alike. The new annual event, organised by Cambridge Cleantech, took place in the heart of the London investment community, at the office of KPMG in Grosvenor Street, Mayfair.