Shell takes position in electric mobility with NewMotion acquisition
Shell Nederland, a subsidiary of one of the world’s largest energy providers, has signed an agreement to buy NewMotion, a Netherlands-based developer, installer and manager of electric vehicle (EV) smart charge points and services, as well as charge networks in a deal that will enable both companies to accelerate the transition to low-carbon transport with infrastructure deployment.
Shell wants to play an active role in the transition of the Dutch energy system and is investigating the possibilities for new activities. Electric mobility is an example of this. We want to offer customers in the Netherlands the choice. With the products and services of NewMotion, we strive to offer different fuels and energy solutions for different trips.Marjan van Loon, President of Shell Nederland.
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. 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, said Sytse Zuidema, CEO of NewMotion.
The combination offers Shell Nederland customers more flexibility when charging their electric vehicle at home and at work.
Looking at mobility, we see new technologies coming together with traditional fuels. With this acquisition, we make sure our customers get a range of choices. Together with the installation of rapid chargers at our service stations, we are developing such a wide range of services as is necessary to continue the success of electric vehicles, said Matthew Tipper, Vice President of New Fuels at Shell.