Galp has reached an agreement to acquire all of the capital of Mobiletric, one of the leading operators in the electric mobility sector in Portugal, particularly in the area of fast and ultra-fast electric charging.

With this acquisition, Galp adds 280 charging points to its network in the short term, most of which are already in operation, in addition to a solid portfolio of planned charging points, which ensures immediate growth prospects.

electric mobility

The transaction, combined with the strong organic growth of Galp's network, will allow the network of charging points managed by the company in Portugal to double, by the end of 2021, to more than a thousand points, compared to the 513 it operated at the end of last year.

As part of its growth plan, aligned with the transition to a more sustainable energy model, the acquisition of Mobiletric is therefore a significant step in pursuing Galp's goal of 10 charging points in the Iberian Peninsula by the end of 2025.

The completion of the agreement is subject to the normally applicable administrative authorizations.