The acquisition will form part of BP’s advanced mobility strategy and transition to a lower carbon future.The coming together of the UK’s leading forecourt convenience retailer and its leading electric vehicle charging company complements BP’s strategy to deliver a market-leading fuel and convenience offer, and Chargemaster’s commitment to continue to rollout electric vehicle infrastructure at pace.The creation of BP Chargemaster is great news for electric vehicle drivers, as it will deliver significant investment in the further deployment of EV infrastructure across the country, with a focus on ultra-fast rapid chargers. BP says its charging network will allow electric vehicles to secure 100 miles of battery life in 10 minutes. BP, one of the world’s largest energy companies has entered into an agreement to purchase Chargemaster. The BP Chargemaster acquisition closely follows similar moves by Shell, which added Dutch charging company NewMotion and British electricity supplier First Utility to its portfolio last year, as its first rapid charging points went live on UK forecourts and a hydrogen filling station was introduced on the M40. BP’s 1,200 retail locations represent a fantastic opportunity to expand Chargemaster’s existing network of more than 6,500 charging points in the UK.The move echoes one made last year by rival Shell, which bought car charging company NewMotion.For more information on hiring electric, hybrid or low emission vehicles from Green Motion in over 30 countries across the world, visit Green Motion Car Rental, Aspen Farm, Sheep Lane, Woburn, Bedforshire, MK17 9HDGreen Motion International, trading as Green Motion Car Rental are the license holders and operators • Acquisition is an important step in scaling up and deploying a fast and ultra-fast charging network on BP’s UK forecourts. "David Martell, Chargemaster's chief executive, added: "The acquisition of Chargemaster by BP marks a true milestone in the move towards low carbon motoring in the UK.
Chargemaster acquired by BP . of the Green Motion brand and car rental system worldwide.Each country is operated under a master country franchise agreement, awarded by Green Motion Commenting on the acquisition, Tufan Erginbilgic, Chief Executive of BP Downstream, said: “Bringing together the UK’s leading fuel retailer and its largest charging company, BP Chargemaster will deliver a truly differentiated offer for the country’s growing number of electric vehicle owners. International. Number of Acquisitions 3 Total Funding Amount £3M Number of Current Team Members 1 Number of Investors 4. Chargemaster Ltd (branded as BP Chargemaster) is a supplier of charging infrastructure for electric vehicles, based in Luton, England.It provides charging units for home, business and public use, and operates its own electric vehicle public charging network, called POLAR. "Combining BP's and Chargemaster's complementary expertise, experience and assets is an important step towards offering fast and ultra-fast charging at BP sites across the UK and to BP becoming the leading provider of energy to low carbon vehicles, on the road or at home. • Chargemaster to be […] BP acquisition of chargemaster may benefit Indian EV market The impact on the Indian market, however, initially could be limited since RIL has a small network of 1,400 filling stations in a market of more than 60,000 pumps, and most of these are located on highways. "I am truly excited to lead the Chargemaster team into a new era backed by the strength and scale of BP, which will help us maintain our market-leading position and grow the national POLAR charging network to support the large range of exciting new electric vehicles that are coming to market in the next couple of years."
Keep up … BP to buy electric future through £130m Chargemaster takeover Transaction Name . "At BP we believe that fast and convenient charging is critical to support the successful adoption of electric vehicles.
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