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bp invests $7 million in EV charging firm IoTecha

bp ventures has invested $7 million in smart charging specialist IoTecha, leading a $13.2-million investment round. This investment is aligned with bp’s stated aim to provide over 70,000 public EV charging points worldwide by 2030. IoTecha will use the new investment to scale its operations through bp’s electrification network. Shaun Healey, bp ventures Principal, will… Read more »

Daimler, BMW, bp join to invest in EV charging venture

The BMW Group, Daimler Mobility and bp will each acquire a 33.3% stake in Digital Charging Solutions (DCS), a European developer of digital charging solutions for auto manufacturers and fleet operators. DCS works with OEMs to integrate its charging solutions into vehicle operating systems. The company currently operates charging services for BMW and Daimler, including… Read more »

The EV Network and bp pulse team up to roll out DC fast charging hubs across the UK

The EV Network, which describes itself as “an independent EV charging infrastructure development company,” and bp pulse, the EV charging arm of global oil giant bp, have signed an agreement to deploy DC fast charging hubs across the UK. Under the new agreement, EVN will construct “a significant number of rapid and ‘ultra-fast’ EV charging… Read more »

Volkswagen Group and bp partner to expand ultra-fast charging across Europe

Volkswagen and bp have announced a partnership to deploy DC fast charging facilities at bp and Aral retail sites in the UK, Germany and elsewhere in Europe. Oil giant bp aims to grow its public charging network to over 70,000 charging points worldwide by 2030. In the UK, bp pulse, the company’s charging arm, plans… Read more »

BP Chargemaster installs first of 400 150 kW chargers

BP Chargemaster, BP’s UK-based charging network subsidiary, has powered up its first 150 kW ultra-fast charger at a BP retail site. The charger is the first in a planned network of ultra-fast chargers across the UK. BP plans to roll out 400 ultra-fast chargers at BP sites across the UK by the end of 2021,… Read more »

BP invests in Chinese charging platform PowerShare

BP Ventures has invested in Powershare, a Chinese provider of integrated hardware and software for EV charging, during a Series A funding round. PowerShare offers an online platform that connects drivers, charge point operators, and power suppliers. The company’s cloud-based system allows power suppliers to continuously monitor the power demand from vehicles and balance it… Read more »

BP sees big opportunities for EVs and has recently been investing in EV-related companies

The oil and gas giant’s EV investment rationale is outlined in its new report, BP Technology Outlook. Demand for travel is central to modern society. Currently, transport accounts for 20% of global primary energy use. The global light-duty fleet of cars, vans, and light trucks is here to stay for the foreseeable future. In fact,… Read more »

BP to acquire UK charging network Chargemaster

BP has agreed to purchase Chargemaster, which builds charging stations and operates a network of over 6,500 public charging points across the UK. Unlike some oil giants, BP is taking a proactive approach to the coming transition to electric transport. The company estimates that there will be 12 million EVs on UK roads by 2040,… Read more »

BP invests in mobile charging company FreeWire

BP’s venture capital arm has invested $5 million in FreeWire Technologies, a San Francisco-based manufacturer of mobile rapid charging systems, and plans to roll out FreeWire’s Mobi Charger units at selected BP retail sites in the UK and Europe during 2018. “Mobility is changing, and BP is committed to remaining the fuel retailer of choice… Read more »