Rubicon raises capital for Irish Electric Vehicle charging infrastructure
Rubicon raises capital for Irish Electric Vehicle charging infrastructure
Dublin IRE, October 18th, 2021 – Rubicon Capital Advisors (“Rubicon”) is pleased to announce its role as exclusive financial advisor to EasyGo Charging Limited on the successful equity and debt capital raise of over €15 million, which will be used to fund the expansion of their electric vehicle (“EV”) charging infrastructure network across the entire island of Ireland. As part of the firm’s growing merchant banking and investment strategy, Rubicon and its affiliates have also taken an equity position in the EasyGo group of companies to help support their growth.
EasyGo is Ireland’s largest EV charging network operator, providing 14,000 EV drivers access to more than 2,300 public charging points across Ireland. Its affiliate CarCharger EV Limited is involved in the supply, installation, operation and maintenance of EV chargers for the residential and commercial markets in Ireland. Together, the two firms provide drivers with a full range of EV products across home, work and public areas.
The new funding will be used to roll out an additional 500 rapid EV chargers to its charging network, each of which can add 100km of range to an EV in less than 15 minutes. The investment will significantly help to alleviate range anxiety, which is one of the critical barriers to fostering greater EV usage in the country.
“This is a transformative moment for both EasyGo and the Irish transport sector. As global demand for EVs continues to grow exponentially while at the same time nations struggle to decarbonise the transport sector, public EV charging is a critical enabler to fulfilling both the needs of drivers and national policy objectives. We are delighted to be investing directly alongside the EasyGo team while securing this highly innovative financing for the platform. This is a fantastic example of how private capital and private enterprises can work together to meet the needs of society, the economy and the environment”, said Aeneas Griffin, Managing Director of Rubicon Capital Advisors.
This transaction builds upon Rubicon’s strong track record, as both an advisor and investor, in the global energy transition and sustainable infrastructure sectors.
About Rubicon Capital Advisors
Rubicon is one of the world’s leading investment banking firms focused solely on the infrastructure, energy, digital & utilities sectors. With offices in 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 100 essential infrastructure, energy, digital & utilities assets located across Europe, North America, Latin America and Asia with a combined enterprise value in excess of $75 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.
About EasyGo
EasyGo is Ireland’s largest EV charging network operator, providing 14,000 EV drivers access to more than 2,300 public charging points across the island of Ireland. The EasyGo network is and will continue to be, interoperable with all other networks. This investment will increase the number of locations with rapid EV Chargers across the island by more than ten-fold. Its mission is to provide EV drivers with the network they need to make sustainable transport a reality. For more information on Easy Go please see: https://easygo.ie/
For additional media inquiries, contact:
Nicola Fitzpatrick
T: +353 1 906 0633
E: nicola.fitzpatrick@rubiconcapitaladvisors.com