Ireland-based Weev, an Electric vehicle (EV) charge point operator, announced on Tuesday, May 30, that it raised £50M (approximately €57.94M) in a fresh round of funding to address the shortage of charging infrastructure in Northern Ireland.
The investment was made by Octopus Investments, part of Octopus Group, an investment firm that claims to back people, ideas and industries that will change the world.
End-to-end EV solutions
Founded in 2022 by Dominic Kearns and Thomas O’Hagan, Weev aims to create Northern Ireland’s largest privately operated EV charging network. It installs public chargers as well as full-service EV solutions for the office and fleet.
The company chargers allow electric vehicle owners to charge in as little as 20 minutes. Weev says its network is both convenient and dependable, which are critical for EV drivers.