Greenlots announces acquisition by Shell
Greenlots, a U.S.-based provider of 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.
"As power and mobility converge, there will be a seismic shift in how people and goods are transported," said Brett Hauser, CEO 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."
With Shell, Greenlots says it will intensify its growth efforts and expand its range of mobility services to utilities, cities, automakers, fleets, and drivers around the world. Greenlots will retain its brand identity and leadership team.