Shell steps up its ‘low-carbon transport’ game; acquires EV charging company ubitricity

Ubitricity

Royal Dutch Shell has signed an agreement to buy 100 per cent of ubitricity, a leading European provider of on-street charging for electric vehicles (EVs), to accelerate its move into low-carbon transport. The exact financial terms were not disclosed and the deal is expected to be completed later this year. 

The acquisition comes as pressure mounts on the oil company to grow its renewable portfolio. As a result, Shell is investing in more lower-carbon technology. This includes renewables such as wind and solar, new mobility options such as electric vehicle charging and hydrogen and an interconnected power business that will provide electricity to millions of homes, companies and businesses

Commenting on the acquisition, István Kapitány, Executive Vice President of Shell Global Mobility, says, “Working with local authorities, we want to support the growing number of Shell customers who want to switch to an EV by making it as convenient as possible for them. On-street options such as the lamp post charging offered by ubitricity will be key for those who live and work in cities or have limited access to off-street parking. Whether at home, at work, or on-the-go, we want to provide our customers with accessible and affordable EV charging options so they can charge up no matter where they are.”

Largest network in the UK

Founded by Frank Pawlitschek, Knut Hechtfischer, and Lex Hartman, ubitricity (ubiquitous electricity) operates in various European countries and is the largest public EV charging network in the UK with over 2,700 charge points. In the UK, it currently holds a 13 per cent market. 

Further, the company is also developing a network of public charging stations in France and Germany. To date, the company has installed over 1,500 private charge points for fleet customers within Europe. 

Works with local authority

Based out of Berlin, ubitricity works with local authorities to integrate EV charging into existing street infrastructure such as lamp posts and bollards. 

In fact, ubitricity was the first to retrofit the existing lamp posts with in-column charge points. The EV charging points are reduced to the core, the SimpleSockets. These are technically lean and can be operated with almost no running costs, claims the company. 

Scaling up EV charging offering

This acquisition will help Shell to scale its overall EV charging offer. This already includes over 1,000 ultra-fast and fast charging points at approximately 430 Shell retail sites plus worldwide access to over 185,000 third-party EV charging points at various public locations. The oil company also aims to become a net-zero emissions energy business by 2050, or sooner. 

Lex Hartman, the ubitricity’s CEO, says, “What excites so many people about ubitricity is that our integration of EV charge points into existing on-street infrastructure makes EV charging easy and accessible for everyone who needs it, where they need it. Particularly in larger cities where there is limited access to off-street parking, this is the solution many people have been waiting for to allow them to transition to EV ownership. Combining this piece of the puzzle with Shell’s existing range of EV charging solutions gives EV drivers access to a full range of charging options, making Shell and ubitricity a perfect match.”

Once the transaction is completed, ubitricity will become a wholly-owned subsidiary of Shell. It’s worth mentioning that the EU Commission has already drafted plans to tighten car CO2 limits as part of its 2030 EU climate goal.

Startups – Silicon Canals

Dutch company Azerion fully acquires the developer of hit social game Habbo Hotel; here’s why

Azerion

Azerion, a Schiphol-based digital gaming and adtech company, has reached an agreement with its co-shareholder, Elisa Oyj, to acquire the remaining 49 per cent shares in Finnish game studio, Sulake Oy, known for the social game Habbo Hotel. Back in 2018, the Dutch company purchased a controlling stake of 51 per cent in Sulake Oy and has been helping to drive revenue growth (46 per cent YoY) since then. 

Founded by Sampo Karjalainen, Sulake is an online entertainment company focused on virtual worlds and social networking. 

Habbo Hotel is still one of the largest social hangouts in the world with a monthly active user base of 800k across 115 countries. The studio also developed the social mobile game Hotel Hideaway, which attracts 840k active players monthly.

According to the Azerion, Sulake’s management and the team of 96 will remain in place, and it will continue to operate from its headquarters in Helsinki.

Umut Akpinar, co-founder and CEO, says, “Sulake has proven to be a great fit for our gaming and adtech platform and Elisa has remained a very loyal and supportive partner over the past years. Together, we re-energised the game studio, which is now a profitable and flourishing business.”

He adds “We have full confidence in the current Sulake team. They are working well to develop a pipeline of new games while continuing to grow their existing games and communities. We support the decisions they are making and are committed to helping them achieve future plans.”

Benefits of acquisition

This acquisition will help the Finnish company to make use of Azerion’s growing ecosystem and will be able to leverage promotions provided via the Azerion network, which continues to grow through acquisitions like Spil Games’ Portal business and Woozworld. 

Valtteri Karu, Sulake CEO: “Azerion has been supporting us to grow and develop Habbo and Hotel Hideaway for over two years now so this acquisition feels like a natural continuation of our partnership.” 

On top of that, Sulake can expand its global game communities, increase in-game monetisation and strengthen its game development capacity.

Valtteri Karu adds, “With Azerion’s help and support we were able to modernize Habbo and to ensure its future, whilst working as an independent unit having full control over design and development decisions. This year we look forward to adding features and expanding Habbo and Hotel Hideaway. We will also be looking at possibilities to develop new games utilising our current game technology.”

Acquisitions and funding

Other acquisitions include Improve Digital, HiMedia Germany, Zoomin, Collective Media Europe, Widespace, Sellbranch, Sulake, Smeet, Semilo, Adpulse, Adux, and the mobile division of Spil Games.

Last year, Azerion secured €12.5M funding, bringing the total to €72.5M. In 2021, the company plans to explore a potential IPO route to boost growth and platform expansion. The company also witnessed huge growth in the first nine months of 2020 with a revenue of €139M. 

Founded in 2014 by two Dutch entrepreneurs – Umut Akpinar and Atilla Aytekin, Azerion develops and operates a safe and reliable online social gaming and entertainment platform for people of all ages to enjoy. 

Besides, it also has monetisation features and provides solutions to automate the purchase and sale of digital advertising for media buyers and sellers.

The company employs more than 800 employees across 24 offices. 

Startups – Silicon Canals

Book suggestion for the legal aspects of starting a company?

Hello to the community.

I am a technical guy who knows very little about the legal aspects of running a company or co-founding a company. I was wondering whether there is a go-to book regarding the process of starting a company?

I am interested in learning the legal things you need to do up-front to ensure a more smooth startup adventure. For example, I was reading that a founders agreement might be a good thing to do early on to make crystal clear to each other, and also to have a legal paper to keep you secure, about the share split, the responsibilities of each other in the startup.

Is there any book recommendation, that covers these legal matters as well as other things?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

China Harbour Engineering Company latest equity infusion into Lekki Port is $221million – CEO, Lekki Port – Nairametrics

China Harbour Engineering Company latest equity infusion into Lekki Port is $ 221million – CEO, Lekki Port  Nairametrics
“nigeria startups when:7d” – Google News

Incorporate in Delaware as a Canadian company with US operations?

Hello all,

I had some questions about incorporating a business in Delaware as a parent company. Some background would help, so basically we are a existing company registered in Canada and all our business is done in Canada. We are now looking to incorporate in Delaware so we can start selling our product in the USA.

Questions:

1) What are any disadvantages to this in terms of tax? We are a small business (<$ 1M) but obviously hope to grow larger, so would that impact us later on?

2) At the moment it's just 1 owner (director), but is it advisable to register 2 directors in case the 1st owner dies or can't work? (I.e. A family member)

3) Not likely, but how could we send back the profit to the Canadian parent company? Or should we just keep the profit in the US bank account and eventually Merge or Buyout at a later date.

Added: We are Canadian citizens but if necessary can have a US citizen as a director.

Appreciate the help, thanks.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Blobr, the ‘no-code’ company turning APIs into products, raises €1.2M pre-seed

Blobr, a Paris-based startup operating in the no-code space with tech to make it easier for companies to expose and monetise their existing APIs, has raised €1.2 million in pre-seed funding.

The round is led by pan-European pre-seed and seed investor Seedcamp, with participation from New Wave, Kima, and various angel investors. Blobr is also the first company to take investment from New Wave — the new European venture capital firm co-founded by Pia d’Iribarne and Jean de la Rochebrochard — since the VC confirmed it had closed $ 56 million in deployable capital from an all-star lineup of investors, including Iliad’s Xavier Niel, Benchmark’s Peter Fenton, and Tony Fadell of Apple fame.

Blobr, founded by Alexandre Airvault (CEO) and Alexandre Mai (CTO), is aiming to become the default “business and product layer” for APIs. This idea is to enable product and business people to manage and monetize a company’s application programming interfaces without technical knowledge or the need fo use up more internal engineering resources. And by doing so, the startup believes we’ll see much more innovative use of APIs as commercial data and functionality is made accessible by more third parties to build on top.

“We believe companies should stop thinking of APIs as mere pipes and start building them as products to unleash their power,” says Airvault. “This means APIs should be priced, customized and managed with a user-oriented mindset and not only a tech one”.

To make this a reality, Blobr is designed to empower product and business owners to “make data-sharing a profitable model,” while reducing their dependence on tech. “I believe this approach is what will drive the data exchanges to the next level,” he explains.

Blobr’s no code technology offers quite a lot of functionality already. From one existing internal API, you can filter confidential information or GDPR related data; it’s also possible to deliver different API output depending on customer segmentation so you only expose the data that’s needed; and API usage can be linked to usage based business models or a monthly subscription in Stripe.

Airvault says the startup’s main competitors include API management solutions from Google, IBM, Axway, and Mulesoft. “Those platforms are tailored for internal APIs but are not thought of and optimized to manage APIs as products. They are tailored for technical people whereas Blobr as a no code solution is built from scratch for product and business people to avoid technical people to be involved in the equation,” he adds.

Startups – TechCrunch

[BlueNalu in Arab News] KBW Ventures increases stake in US cellular seafood company

DUBAI: KBW Ventures, the company founded by Prince Khaled bin Alwaleed bin Talal Al-Saud, was among a group of backers who agreed to refinance $ 60 million of debt held by a Californian cellular agriculture seafood company, it was announced on Tuesday.

Read more here.

The post [BlueNalu in Arab News] KBW Ventures increases stake in US cellular seafood company appeared first on OurCrowd Blog.

OurCrowd Blog

Building a company that stays accountable

So our startup operates on a fully remote setting. While it has it pros, it has led to my co-founder and I having issues with accountability. Sometimes my co-founder will miss a scheduled meeting and he'll apologize but there's nothing much I can physically do to ensure that he keeps to his word.

We're chill and all but how do you "draw the line" to ensure everyone stays accountable.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Founding CEO of a $100 Million Startup Shares What He Learned Getting Fired From His Company

Just because you built the company, when you take money from investors, it’s no longer your company.

Entrepreneur's Handbook – Medium

Apartment Investment and Management Company Announces 2020 Dividend Income Tax Allocation – Yahoo Finance

Apartment Investment and Management Company Announces 2020 Dividend Income Tax Allocation  Yahoo Finance
“nigeria startups when:7d” – Google News