Irish electric vehicle charging company ePower has secured €16m in recent rounds of investment, which it said will significantly drive the business forward in the future.
ePower said the latest funding has seen further investment from a number of sources including existing shareholders and new private investors. Davy Financial Services, McCann Fitzgerald and Regan Wall assisted in the fundraise.
International investment came from a fund managed by Impax Asset Management, a UK-based investor that specialises in the transition to more sustainable economy.
It said that while this is the first time Impax has invested in the company, they have been active in Ireland in the renewables space for several years.
ePower has offices in Dublin and Cork and operates nationwide with a workforce of over 60 people. It offers technology and priority support for electric vehicle charging and solar PV solutions for homes, businesses and the public and was recently named as one of the companies involved in the Government's latest rollout of public EV charging facilities.
The announcement sees additional ePower units installed in five counties and along five motorway corridors.
John O'Keeffe, ePower's chief executive, said the company is at a very exciting stage of expansion, in both the electric vehicle and solar energy space.
"This latest investment from a number of stakeholders is a huge boost as we continue to install charging infrastructure through public and private partnerships, and grow the solar side of the business," he added.
