Shell confirms NewMotion buyout deal to ‘accelerate transition to low-carbon transport’

Shell 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 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.

NewMotion’s chief executive Sytse Zuidema said: “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.”