Reading Time: 2 minutes

IONITY, European high-power EV charging network, has announced a combined
€700 million in new investment from its current shareholders, and a new partner the BlackRock Global Renewable Power platform. This investment will enable IONITY to increase the number of high-power 350kW charging points – by more than four times – to 7,000 by 2025.

The new charging points will be situated not only on motorways, but also near major cities and along busy trunk roads.

Future locations will be built with a higher average of six to twelve charging points.

Existing sites along routes with high charging demand will be upgraded with additional charging points. 

IONITY was founded in 2017, and is a joint venture by BMW Group, Ford Motor Company, Hyundai Motor Group with KIA, Mercedes-Benz AG and Volkswagen Group with Audi and Porsche.

Dr Michael Hajesch, CEO of IONITY, says: “The entry of BlackRock as a shareholder and the commitment of our current shareholders underline IONITY’s attractiveness for investors and confirm the strength of our strategy. The trust and investment of all shareholders will accelerate IONITY’s growth, the expansion of our high-power charging network across Europe and more broadly, the decarbonisation of the mobility sector.”

David Giordano, Global Head of Renewable Power at BlackRock comments: “Electric vehicle
charging infrastructure is vital to achieve a net zero future. IONITY is one of Europe’s leading EV charging networks, bringing together auto industry pioneers to create a seamless experience for emission-free driving across Europe. We are delighted to be supporting their growth ambition and providing our clients with access to an innovative company that is powering the clean energy transition.”

“We are transitioning our product range to electric cars in all of our core segments. This is a major change, but I see it as an even greater opportunity,” adds Markus Duesmann, chairman of the Board of Management of AUDI AG. “More than ever before, it isn’t just the product that matters, but the entire ecosystem. With its focus on advancing and improving the charging network offering, IONITY’s massive expansion will play a key role in making electric vehicles more attractive.” 

Ionity Uk

IONITY has more than 110 employees . The company is headquartered in Munich, Germany, with an additional office in Oslo, Norway.

Leave a Comment