Aberdeen backs Irish EV charger EZO with €80M debt facility

What's the deal? AberdeenDealroom has a profile for this one. Try Dealroom → Investments has provided €80 million in debt financing to EZO, the privately owned electric vehicle charging operator based in Ireland. The financing, anchored by Standard Life, forms part of an overall facility of up to €150 million.

What's the endgame? The money will fund new concession opportunities and support the rollout of over 3,000 charging points — more than 100,000kW of capacity — over the next three years. Most of the new infrastructure is set for the UK, with additional deployment in Ireland.

Why now? The deal marks Aberdeen and Standard Life's first infrastructure debt investment in the EV charging sector, extending their activity across transport and energy transition assets.

EZO focuses on destination charging, installing fast chargers ranging from 50kW to 300kW in town centres, leisure destinations, and retail locations where drivers spend time. That positions it to serve motorists without access to private charging.

What's notable? Rubicon chief executive Conor Kelly, whose firm is EZO's majority shareholder, said the deal is "the first example of the application of this framework of financing in the EV charging sector" and expects it to "become the preferred method of financing for this type of collateral going forward."

Matt Hamilton-Glover, investment director for private credit at Aberdeen Investments, called the electrification of transport "one of the most significant infrastructure investment themes of the coming decades."

The signal: As public charging networks scale, lenders are treating the assets as bankable infrastructure. This debt-led structure shows private capital moving into a sector long dependent on equity and grants — a model both Aberdeen and EZO expect others to copy.

Read more: scottishfinancialreview.com

Image credit: Ivan Radic