Rubicon’s EasyGo awarded contract to provide EV charging infrastructure in Scotland.

Rubicon Capital Management (“Rubicon”) is pleased to announce that its EV car charging business, EasyGo, Ireland’s largest privately owned charge point operator and e-mobility service provider, has been awarded a 20-year contract to provide EV charging infrastructure for the north of Scotland.  

The contract, valued at approximately £300 million, covers the Highland, Aberdeen City, Aberdeenshire, and Moray Council areas, with Highland Council acting as the lead authority. The north of Scotland partnership with EasyGo is the first inter-council contract to have been awarded as part of the Scottish Government’s Electric Vehicle Infrastructure Fund and is the largest grant award in Scotland since the fund’s inception. This is EasyGo’s first expansion outside of Ireland as the company seeks new growth opportunities and markets.  

Rubicon initially invested in EasyGo in 2020 and has supported the growth of the company throughout. Today, EasyGo operates over 4,500 chargers across more than 1,500 locations in the Republic of Ireland and Northern Ireland. With a c.60% market share of the public car charging network operated by private CPOs, EasyGo is the dominant privately-held CPO in the country.  

The large-scale north of Scotland EV infrastructure project will accelerate the region’s transition to Net Zero and see 570 new charging points installed across the north of Scotland by 2028, significantly enhancing the region’s charging network. EasyGo will also adopt and maintain all 425 pre-existing council-owned 133 DC and 292 AC public charge points in the region. The partnership also includes access to 50+ hub locations for high-capacity charging deployment. Once EasyGo completes its network build out it will be the north of Scotland’s largest CPO.

“The Scottish councils’ commitment to becoming Net Zero by 2030 aligns perfectly with EasyGo’s mission. We are thrilled to support them in achieving this goal through our EV charging solutions as we help build the smart towns and cities of the future.”, said Ollie Chatten, CEO of EasyGo.  

Conor Kelly, CEO of Rubicon said: “We are delighted that EasyGo has reached this significant milestone in its expansion to the UK. The company’s strategy outside of Ireland, where it is the dominant player, is materially different. It looks to work under long-term contracts with local councils or under long-term “energy as a service” arrangements with strong counterparties thereby mitigating market risk. The north of Scotland contract will greatly enhance EasyGo’s positive EBITDA growth within its first full year of operation in Scotland”.