Dow Jones acquires EV charging data platform Eco-Movement

Dow Jones announced it has acquired Eco-Movement, a global platform for electric vehicle charging station data, according to a company statement. The Netherlands-based company will operate as part of OPIS, Dow Jones's energy business division.

Eco-Movement, headquartered in Utrecht, operates a data platform that tracks nearly 2 million EV charging connectors across more than 80 countries. The platform collects and processes information about public and semi-public charging points, including real-time availability data.

The acquisition follows Dow Jones's earlier investment in Eco-Movement during the company's Series A funding round in 2022. Since that investment, Eco-Movement has increased its revenue by more than 200%, according to the press release.

"Eco-Movement is an incredible addition to our Dow Jones Energy portfolio at a time when we expect the EV market to grow globally," said Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal.

Dow Jones Energy reported 11% growth in its latest earnings, with segment revenue reaching $278 million. The division contributed to Dow Jones's total annual revenue of $2.33 billion.

The acquisition adds to Dow Jones's recent expansion efforts. Earlier this year, the company acquired Oxford Analytica and Dragonfly Intelligence to enhance its Risk & Compliance product suite with geopolitical risk and security intelligence.

Roderick van den Berg, Eco-Movement's co-founder and CEO, said the acquisition would help accelerate sustainable mobility initiatives and deliver value to charge point operators, automotive manufacturers, and navigation providers.

Dow Jones is a division of News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV).

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