DUBLIN, IRELAND, OCTOBER 23, 2023 – Rubicon Capital Advisors (“Rubicon”) is pleased to announce it has advised Erapid Charger Company Limited (“Erapid”), an Irish Electric Vehicle (‘EV’) charging infrastructure specialist based in Dublin, with raising €30 million of investment from Aviva Investors, the global asset management business of Aviva plc (“Aviva Investors”). Erapid trades in Ireland as CarCharger EV Limited, and as EasyGo, Ireland’s largest private car charging network provider.

The phased investment, which is being made by Aviva Investors as part of its Climate Transition Real Assets strategy, will be used by Erapid to develop further sites across its growing EV charger network as it continues to scale its business. In addition, and as part of the transaction, Rubicon, an Irish based merchant banking boutique and one of Erapid’s largest shareholders, will also increase its stake in the company to further assist with the growth of the business.

Chris Kelly, co-founder of Erapid, said: “Today’s announcement will accelerate our mission to decarbonise transport, providing accessible and efficient EV charging solutions across the island of Ireland and into the UK. As Ireland’s largest owner and operator of charging stations, this strategic investment by Aviva Investors propels us into an exciting phase of growth. One of the immediate goals resulting from this funding is the significant expansion of our network, including the rollout of over 3,000 fast chargers. We will also be hiring for up to 60 new roles across operations, customer support and sales.”

Conor Kelly, CEO of Rubicon said: “Our further investment into the Erapid business demonstrates our confidence in the business, its two brands and its excellent management team to build Ireland’s premium EV car charger business and solidify its market leading position. We are also delighted to be making a significant investment in the build out of Ireland’s essential, and much needed, EV car charging infrastructure which will greatly assist Ireland with meeting its 2030 targets as laid out in the Climate Action Plan 2023 (CAP23).”    

Adam Irwin, Fund Manager, Infrastructure Equity, at Aviva Investors, said: “Our investment into Erapid is a terrific opportunity to invest into one of our home markets and support the growing Irish and Northern Irish EV charging sector. Ireland has some of the lowest public charger to EV ratios in the EU, giving potential for substantial growth in the platform as part of the transition from internal combustion engines and towards electric powertrains. We view this as a great opportunity for the money we look after on behalf of our clients to make a material contribution to delivering on the UK and Ireland’s net zero ambitions, whilst also meeting their long-term investment objectives.”

Founded in 2016, Erapid is a leading EV charge point operator and turnkey solutions provider in the Irish market. Its EV charging network consists of over 4,000 charging points in 1,500 locations across Ireland and Northern Ireland, accessible via the EasyGo app, which is currently used by more than 50,000 registered drivers and with approximately 2,000 new users each month so far in 2023.

About Rubicon Capital Advisors

Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy transition, digital & utilities sectors. With offices across Europe, the Americas and Asia, the firm has a truly global reach. Since its inception in 2011, Rubicon has closed on the sale, acquisition or refinancing of over 150 essential infrastructure, energy transition, digital & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value of more than €85 billion. The firm is regulated by the Central Bank of Ireland and its U.S. affiliate is a member of FINRA and SIPC and registered as a broker-dealer with the SEC.

Learn more about the firm at: www.rubiconcapitaladvisors.com and by following Rubicon Capital Advisors on LinkedIn.

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For additional media inquiries, contact:
Aeneas Griffin
T: 353 1 906 0666
E: info@rubiconcapitaladvisors.com