Ampol buys EV charging firm Evie Networks for $156M
What's the deal? AmpolDealroom has a profile for this one. Try Dealroom →, the Australian fuel and convenience retailer listed on the ASX, has agreed to acquire EV charging company Evie Networks for US$145.6M (roughly $156 million). The target, formally Fast Cities AustraliaDealroom has a profile for this one. Try Dealroom →, operates fast-charging infrastructure across Australia. The acquisition will be made through Ampol EnergyDealroom has a profile for this one. Try Dealroom →, a wholly owned subsidiary.
Why now? Ampol announced the deal on October 1, 2026, as fuel retailers face a long-term decline in petrol demand from the shift to electric vehicles. Buying an established charging network gives it a foothold in that transition.
What's the endgame? The move extends Ampol's core business — selling energy at roadside sites — into EV charging. Pairing Evie's fast-charging network with Ampol's retail footprint positions the company to serve drivers whichever way the vehicle market moves.
What could go wrong? Ampol noted it had not independently verified Evie's network data, provided by Evie's management as at September 29, 2026. Returns also depend on EV adoption rates, which remain uncertain.
The signal: Legacy fuel players are buying their way into electric infrastructure rather than building it from scratch, betting that owning the charging layer will matter as the forecourt business evolves.
Read more: listcorp.com
Image credit: OregonDOT
