sonnen, a Germany-based home battery pack and electric vehicle charger manufacturer, is making some big moves lately and those moves require money.

The company announced today that it secured a €60 million (~$70 million USD) financing round led by oil giant Shell. expand full story

Shell has been making a push to expand its services to electric vehicles over the last year. They announced that they would start deploying electric car charging stations in Britain and the Netherlands and we even saw their first Shell-branded charging station last month.

But the oil giant is really accelerating its electric vehicle effort this week with the acquisition of a major charging network. expand full story

Some oil companies are well aware of the world’s car fleet fast transition to electric vehicles and they are looking to adapt. As electric cars increase in popularity, gas stations will be forcefully downgraded to simple convenience stores and consequently, they will lose a significant revenue stream.

Shell aims to not be left out in this transition by installing electric vehicle chargers at their gas stations. expand full story