Shell is set to acquire evpass, the largest network of charging stations for electric vehicles (EVs) in Switzerland.
Founded in 2016 by Green Motion, the company was previously owned by Eaton, FMV (Forces Motrices Valaisannes) and the energy supplier AEW.
The acquisition of evpass allows Shell to expand its position for charging solutions for electric vehicles and offer customers access to the largest network of public charging stations in Switzerland. Shell did not reveal financial details of the deal.
Shell has a target to operate over 500,000 charging points worldwide by 2025 and 2.5 million by 2030. In Switzerland, the first two Shell Recharge fast charging stations were put into operation at the Oftringen station in December 2022.
Evpass, as the largest network of public EV charging stations in Switzerland, provides access to 3,000 charge points through its own network and roaming agreements. Approximately one-third of the EV charging network is owned by evpass.
“Switzerland is an important market for our Mobility business where we plan to rapidly expand the number of EV charge points offered at our stations and destinations like supermarkets, hotels and car parks,” said Istvan Kapitany, Global Executive Vice President of Shell Mobility.
Shell Switzerland benefits from the popularity of evpass and its 50,000 subscribers. evpass is accessible throughout Switzerland in all cantons and in 33 percent of the municipalities.