Greenlots Announces Acquisition by Shell
Jan. 31, 2019—Greenlots, U.S.-based electric vehicle (EV) charging and energy management software and solutions, announced 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.
"As power and mobility converge, there will be a seismic shift in how people and goods are transported," said Brett Hauser, chief executive officer of Greenlots. "Electrification will enable a more connected, autonomous and personalized 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."
"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. "This latest investment in meeting the low-carbon energy needs of U.S. 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."