San Francisco-based Dow Jones, a global provider of news and business information, announced the acquisition of Utrecht-based Eco-Movement, a platform for EV charge point location and pricing data.
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Eco-Movement will operate as part of OPIS, Dow Jones’s growing energy business.
The Dutch company focuses on gathering and improving data about electric vehicle (EV) charging stations.
The company has created a platform that shows public and semi-public charging points and their real-time availability.
This platform includes nearly 2 million connectors in over 80 countries and adds to Dow Jones’s energy products and services for customers.
Acquisition after an 11% growth increase
Eco-Movement joins Dow Jones at a time of strong growth.
In its latest earnings report, Dow Jones Energy reported an 11 per cent increase in revenue, reaching $278M.
This growth helped the company achieve record total revenues of $2.33B for the year.
Eco-Movement improves Dow Jones Energy by offering high-quality data and analytics.
This helps retailers, fleets, charge point operators, utilities, and financial institutions make better decisions during the energy transition.
It expands on OPIS’s work in areas like carbon markets, clean fuels, solar energy, and hydrogen.
The announcement follows the acquisition of Oxford Analytica and Dragonfly Intelligence, enhancing the Dow Jones Risk & Compliance product suite with proprietary geopolitical risk and security intelligence.
Eco-Movement: Providing charge point location
Founded by Roderick van den Berg and Falco van Vloten, Eco-Movement provides charge point location and pricing information to navigation providers, online maps, and fleet operators.
The company says that all (semi-) public chargers across Europe, North America, and beyond are part of their real-time database.
Specialised in data quality and enrichment, the Dutch company performs over 100 quality checks through a proprietary quality dashboard, IT architecture, and AI.
Dow Jones was an early-stage investor in Eco-Movement, participating in the company’s Series A funding in 2022.
Since then, the Dutch company has experienced growth, increasing revenue by more than 200 per cent.
“Joining OPIS, part of Dow Jones, marks an exciting new chapter for Eco-Movement. As the leading charge point data platform, our mission has always been to provide EV charging location and pricing data services to empower the entire e-mobility ecosystem. By combining our industry-leading data platform with OPIS’s expertise and network, we can accelerate the transition to sustainable mobility and deliver even greater value to charge point operators, OEMs, navigation and map providers and analysts,” says Roderick van den Berg, Eco-Movement co-founder and CEO.
Dow Jones: Global provider of news and business information
Dow Jones is a global provider of news and business information, delivering content to consumers and organisations globally across multiple formats, including print, digital, mobile and live events.
Dow Jones is home to leading publications and products, including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics.
“Eco-Movement is an incredible addition to our Dow Jones Energy portfolio at a time when we expect the EV market to grow globally. It’s a key element of giving our audience the proprietary data they need to make critical decisions,” says Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal. “With this acquisition, our users can now see the entire spectrum of vehicle energy–from fossil fuels to electricity–around the world, and it’s all part of our strategy to enable customers to go deep on the topics they care about.”