head 3

Electric vehicle charging company Erapid will add 60 jobs after securing an investment of €30m 

Erapid, a leading electric vehicle charging company, is set to create 60 new jobs following a substantial €30 million investment from Aviva Investors, the asset management arm of the insurer. Erapid operates in Ireland under the names CarCharger EV Ltd. and EasyGo, and it’s known as Ireland’s largest private car charging network provider. The phased investment from Aviva Investors aligns with its climate transition strategy and will enable Erapid to enhance the operational capacities and charging networks of both its brands.

Additionally, Rubicon Capital Advisors, a major shareholder in Erapid, will increase its stake in the company to support further expansion. Erapid’s ambitious plans include deploying 3,000 fast DC chargers across the national charging network by 2030 and adding over 20,000 commercial AC chargers in various locations, such as apartments, buildings, and hotels.

Chris Kelly, co-founder of Erapid, expressed enthusiasm about this development and emphasised the company’s mission to decarbonise transport while enhancing EV charging solutions in Ireland and the UK. He noted that this investment will lead to significant network expansion and the creation of up to 60 new positions across operations, customer support, and sales.

Kelly also highlighted the need for Ireland’s EV market to catch up with leading nations through new infrastructure and a refreshed brand approach. Erapid, through its brands CarCharger and EasyGo, currently manages over 4,000 charging points at 1,500 locations in Ireland, serving more than 50,000 registered drivers. The company’s user base has been steadily growing, with approximately 2,000 new users added each month in 2023.

Aviva Investors’ fund manager in infrastructure equity, Adam Irwin, sees this investment as an opportunity to support the thriving EV charging sector in Ireland and Northern Ireland. He emphasised the potential for substantial growth in the EV charging platform in the transition from internal combustion engines to electric powertrains, aligning with the UK and Ireland’s net-zero goals.

This significant investment aims to contribute to both sustainability objectives and long-term investment objectives while bolstering Erapid’s position as a key player in the EV charging network.

Irish Samachar English News

Kindly click the link below to follow the Irish Samachar News channel on WhatsApp to get important news and breaking news from Irish Samachar.


Comments are closed.