Ireland-based EV charging company Erapid Charger announced that it has secured €30M funding from Aviva Investors. The company will use the funds to roll-out of thousands of fast-charging units.

Erapid trades in Ireland as CarCharger EV Limited, and as EasyGo, Ireland’s private car charging network provider. Chris Kelly, co-founder of Erapid, says: “It will accelerate our mission to decarbonise transport, providing accessible and efficient EV charging solutions acros 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 roll-out of over 3,000 fast chargers. We will also be hiring for up to 60 new roles across operations, customer support and sales.”

As part of the transaction, Rubicon Capital Advisors, an Irish-based merchant banking boutique and one of Erapid’s largest shareholders, will also increase its stake in the company to support its growth further. Erapid aims to install 3,000 fast DC chargers on the national charging network by 2032 and over 20,000 commercial AC chargers in apartments, hotels, buildings, and other essential locations.

The company plans to establish its new headquarters in Maynooth and has also established an operations support centre of excellence to facilitate its next growth stage.

EasyGo’s EV charging network spans over 1,500 locations across Ireland and Northern Ireland, with over 4,000 charging points available to customers. To access the network, customers can use the EasyGo app, which has already attracted over 50,000 registered drivers. The app continues to gain popularity, with approximately 2,000 new users joining each month since the beginning of 2023.

Additionally, the company supplies, installs and manages EV charging points and stations for private, commercial and public sector clients, including chargers for domestic and apartment use, workplace/business needs and fleet management.