insight news

BP becomes third shareholder of EV charging company DCS

Rebeka Shaid | 19 Oct 2021

About the author

Rebeka Shaid

Electrification is advancing at a much faster speed than many expected as more electric models enter the market, especially in Europe. This puts viable European charging infrastructure at the heart of the matter as the industry transitions to electrically-chargeable vehicles (EVs).

One company aiming to make the lives of EV drivers easier is Digital Charging Solutions (DCS), which announced that oil giant BP has become its third shareholder.

Convenient charging

DCS was founded in 2017, with its infrastructure solutions promising EV drivers easy access to around 300,000 charging points in 30 countries. Following the closing of a merger and acquisition transaction, BP now holds a 33.3% stake in the startup, the same as fellow shareholders BMW Group and Daimler Mobility.

The deal will see BP provide DCS customers access to 9,000 charging points across Europe, including rapid and ultra-fast chargers. This covers BP’s European charging network, such as Aral pulse in Germany and BP pulse in the UK.

The two companies plan to develop new integrated offers for fleets, including fuel and plug-in services. At the same time, BP aims to expand its global network of public EV-charging points to over 70,000 worldwide by 2030.

‘Our aim is to make charging as convenient as refuelling at the pump – fast, reliable and highly integrated with the vehicle operating system to provide a great customer experience,’ said Richard Bartlett, BP senior vice president, future mobility and solutions.

Pushing electrification

BP, Daimler and BMW are keen to push electrification forward and see DCS as an essential part in driving their strategies. The startup says it offers ‘unrivalled access’ to charging infrastructure, covering more than 85% in 29 European countries. DCS collaborates with high-volume manufacturers to integrate its charging solutions into the vehicles’ operating systems.

For consumers to accept the shift to EVs, a sufficient charging infrastructure is key. With DCS having strong brands such as BP, BMW and Daimler on board, the startup will benefit from an extensive European ultra-fast charging network and retail sites.

‘By forming this strategic collaboration with one of the biggest energy companies in the world, we will provide drivers with increasing access to a convenient and seamless charging ecosystem wherever and whenever they need it, contributing to the electric transformation of our society,’ said Gero Götzenberger, director for strategy and digital mobility solutions at Daimler Mobility.

DCS prides itself on focusing on digitised and customer-oriented services, hoping to make charging as easy as possible. But it also takes into consideration the future of mobility, which is increasingly steering towards autonomous driving. Hence the company also aims to serve the demand for fully-integrated charging services of autonomous cars with valuable data quality.

BP, meanwhile, is growing its global charging businesses and is keen to invest in startups that focus on electrification. Last month, the energy major made its first direct investment in India by leading a $25 million (€21 million) series A funding round in an integrated EV ride-hailing and charging company called BluSmart. It has also recently invested €10 million in ryd, a European in-car digital-payment provider.

You might also be interested in

Can e-fuels save the internal-combustion engine?

03 Aug 2022

E-fuels are being touted as a carbon-neutral alternative that some hope could keep internal-combustion engine (ICE) cars on the roads despite a looming ban, writes...

Renault’s Scenic Vision concept showcases pioneering electric-hydrogen hybrid powertrain

02 Jun 2022

Renault has unveiled a concept vehicle with an innovative powertrain configuration as it looks to embark on a major transformation of its automotive business. The...

Why charge an electric-car battery when you can swap it for a full one?

25 Mar 2022

Electric vehicles (EVs) are developing at an incredible rate. Their efficiency and range keeps rocketing forward. But no matter their range, all EV batteries need...

Yes, please sign me up to receive Australian news and insights

* Mandatory


Yes, please sign me to up to receive the following emails:
National automotive insight, surveys and events - Sent now and again by Glass’s Information Services Ltd in English

We use pixels in our emails to monitor whenever you open, forward or click on the URLs in our emails. This helps us to monitor and measure the performance and effectiveness of our emails. We combine this with the information you provide above and your browsing information so that we can better tailor and improve our marketing to you and personalise your user experience on our website. By signing up, you are consenting to the use of your data for the purpose of sending you the selected emails and to the use of tracking pixels. You can withdraw your consent to receive our emails and the related tracking at any time by following this link to our Email Preference Centre and updating your preferences. For additional information on the processing of your personal data, please refer to the Autovista Group Privacy Policy and the Glass’s Privacy Policy.