Aviva Investors is the global asset management business of Aviva and it said it was making the €30m investment in Erapid as part of its Climate Transition Real Assets strategy.
The company also plans to add over 20,000 commercial AC chargers into apartment, buildings, hotels and other key locations. Chris Kelly, co-founder of Erapid, said today's announcement will accelerate the company's mission to decarbonise transport, providing accessible and efficient EV charging solutions across the island of Ireland and into the UK.
"This investment combined with our history of introducing the latest charging technology to Ireland means we are well positioned to create and scale a seamless EV charging network that supports a sustainable future," he added.