• Acquisition enhances SP Mobility’s network coverage and supports Singapore’s drive to cleaner transportation 

• More than 1,000 charging points under ChargEco to be integrated under SP Mobility 

Singapore, 2 July 2026 — SP Group (SP) today announced the completion of its acquisition of Strides YTL Pte. Ltd., that operates as “ChargEco”. This follows clearance by the Competition and Consumer Commission of Singapore. With this acquisition, more than 1,000 public electric vehicle (EV) charging points islandwide operated by ChargEco will be integrated into the network of SP Mobility, part of SP Group. SP Mobility now operates Singapore’s largest EV charging network and the nation’s largest fast-charging network. 

The combined network will strengthen SP Mobility’s operational efficiency to serve EV drivers across Singapore. With the rapid growth in EV adoption, electric vehicles now make up 55 per cent of new passenger car registrations as at February 2026 – with the population of EVs up from around 31,980 in 2024 to around 71,990 in May 2026.  

The acquisition complements SP Mobility’s ongoing investments in public charging, including the deployment of ultra-fast charging infrastructure and enhanced digital features such as cross-border roaming outside of Singapore. For EV drivers, the integration means a more consistent charging experience across locations, with unified service support and future enhancements delivered through a single operator. 

Mr Dean Cher, Managing Director of SP Mobility, said “This acquisition marks an important step towards a more consolidated and efficient EV charging landscape in Singapore. We see significant opportunities to bring together complementary networks and capabilities, and are well positioned to lead this effort as we work towards building Singapore’s largest and most reliable EV charging network. As the EV population continues to grow, this will enable us to strengthen charging availability, enhance service consistency, and better support Singapore’s electrification goals.”  

In ChargEco’s network, about 96 per cent of the charging sites are located in HDB carparks across the East and Central regions, with the remaining located within commercial and private residential properties including SAFRA premises and Wisma Atria. The integration will expand SP Mobility’s footprint in residential neighbourhoods.    

All ChargEco charging points will continue operating as usual through the transition. ChargEco users can continue using the existing app with no changes to their current charging journey while SP Mobility will integrate the network in phases over several months. SP Mobility will also take over customer service responsibilities to ensure continuity for users. 

About SP Group

SP Group is a leading utilities provider in Asia Pacific, empowering the future of energy through low-carbon, smart solutions. It owns and operates electricity and gas transmission and distribution networks in Singapore and Australia. As Singapore’s national grid operator, SP Group serves approximately 1.7 million industrial, commercial, and residential customers with world-class transmission, distribution, and market support services. 

Beyond traditional utilities, SP Group delivers integrated sustainable energy solutions across Singapore, China, Thailand, and Vietnam. These solutions include district cooling and heating, renewable energy, EV charging infrastructure, and digital energy platforms tailored for districts, communities, and commercial and industrial customers. 

For more information, please visit spgroup.com.sg or follow us on Facebook, LinkedIn and Instagram.