Impax Asset Management among a number of stakeholders to partner with the company.
ePower, a market leader in electric vehicle charging and solar panel solutions, has announced it has secured €16 million in recent rounds of investment, which will significantly drive the business forward in the coming years. The latest funding has seen further investment from a number of sources including existing shareholders and new private investors. Davy Financial Services, McCann Fitzgerald LLP and Regan Wall LLP 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. While this is the first time Impax has invested in ePower, they have been active in Ireland in the renewables space for several years.
Commenting on the investment, Seán Maguire, Managing Director PE / Infrastructure from Impax said: “The Irish Government’s ambitious decarbonisation targets in the transport sector will require significant capital investment in Ireland to facilitate the roll-out of EV infrastructure. We believe that ePower, with its strong leadership team and established brand and reputation in the market makes it well positioned to benefit from this driver.”
CEO of ePower John O’Keeffe says this announcement is part of a series of exciting developments at the company: “We’re at a very exciting stage of expansion at ePower, in both the electric vehicle and solar energy space, and 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. I’d like to welcome Impax to our community of investors and thank them and our other stakeholders for providing this vote of confidence in our achievements so far and ambition for the future.”
ePower, which has offices in Dublin and Cork and operates nationwide, currently employs over 60 people. Specialists in the renewable energy field since 2019, the company offers 24/7 tech and priority support for electric vehicle charging and solar PV solutions for homes, businesses and the public. ePower 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.
