Jun 28, 2018

BP buys UK's largest car charging firm Chargemaster

Oil giant BP is buying the UK's largest electric charging network, Chargemaster, for an undisclosed sum. The move echoes one made last year by rival Shell, which bought car charging company NewMotion. Chargemaster, which will be rebranded BP Chargemaster, currently has 6,500 charging points and also sells electric vehicle charging points for home use. It said one of its goals was to speed up charging capability to enable chargers capable of delivering 100 miles of range in within 10 minutes. Chargemaster, which was founded in 2008, runs POLAR, the largest public charging network in the UK. It has more than 40,000 customers, some of whom pay by monthly subscription.

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