IMPROVED is pleased to announce that it acted as the exclusive financial advisor to the shareholders of ubitricity on its sale to Shell. Completion is subject to regulatory clearance and this transaction is the 7th consecutive deal within the rapidly growing EV charging ecosystem led by the IMPROVED team.
IMPROVED adds another landmark deal to its proven and leading track record in the space, following amongst others the sale of NewMotion to Shell, the majority sale of Fortum’s CPO activities to and primary capital raise from Infracapital, the sale of Pod Point to EDF and Legal and General, and the carve-out of Allego by Meridiam from Alliander.
E-mobility has reached its tipping point and there is only one way the future of transportation is heading towards. By leveraging its deep sector expertise and relationships in the rapidly developing mobility and new energies sector, the IMPROVED team has successfully managed to find the perfect strategic partner for ubitricity in a highly competitive, global, and entirely virtual process.
Understanding the continuously increasing complexity of sustainable transportation is one of IMPROVED’s core focus areas and thereby remains the leading advisor of choice in the field. ubitricity is a leading EV charging powerhouse, well-known for its vision for ubiquitous on-street lamp post charging solutions. This acquisition will enable Shell, the number one mobility retailer in the world, to expand into the on-street EV charging market. For ubitricity, this transaction secures a strong strategic partnership, making ubitricity best-positioned to accelerate the next phase of its growth strategy.
