Shell buys 50% in Malaysian tech startup Pixelbyte

Commenting on the deal, Shell general manager (mobility) Seow Lee Ming said: “Decarbonising mobility and enabling better services to our customers through digital innovation are core to our ‘Powering Progress’ strategy. “We intend to make investments that will help us serve our customers better through the energy transition and pressures of modern living."

KUALA LUMPUR: Shell Malaysia Trading Sdn Bhd says it has agreed to acquire a 50% stake in Pixelbyte Sdn Bhd, its first investment in a local Malaysian tech startup.

This investment gives Shell an immediate path to an established parking and e-mobility platform in South-East Asia. The deal is expected to be completed in the third quarter.