OTS - IONITY announces €700 million investment to enable rapid EV charging network expansion and accelerated growth across Europe
2021. November 24. 09:15
Munich, 24 Novewmber, 2021 (APA/OTS) - IONITY shareholders and
BlackRock's Global Renewable Power platform* invest a combined €700
million to accelerate IONITY's expansion across Europe - Number of
IONITY high-power charging points will more than quadruple -
BlackRock's Global Renewable Power platform is the first non-OEM to
join IONITY's shareholders, including BMW Group, Ford Motor
Company, Hyundai Motor Group with KIA, Mercedes-Benz AG and
Volkswagen Group with Audi and Porsche
IONITY, Europe's leading high-power charging network - open to
drivers of all electric vehicle brands - today announces a combined
€700 million investment from its current shareholders and new
partner the BlackRock Global Renewable Power platform.
It will enable IONITY to increase the number of high-power
350kW charging points to 7,000 by 2025 - all delivering 100%
renewable energy for both emission-free and carbon neutral driving.
The new charging points will be situated on motorways, near major
cities and along busy trunk roads. Future locations will be built
with a higher average of six to twelve charging points.
Furthermore, existing sites with high charging demand will be
upgraded with additional charging points. These measures will
enhance the customers' charging experience and make sure that the
IONITY network is prepared for the increasing demand for EV
charging.
IONITY was founded in 2017 to play a significant role in
shaping the future of mobility. The company now operates more than
1,500 charging points along European motorways in 24 countries.
"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" commented Dr
Michael Hajesch, CEO of IONITY.
David Giordano, Global Head of Renewable Power at BlackRock
commented: "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."
As part of the network expansion, IONITY plans to increasingly
acquire its own properties and depending on the location, build and
operate its own service stations. Furthermore, the company will
take customer experience to a new level with its 'Oasis' concept.
###
* The participation of the group is subject to regulatory
approvals by the relevant authorities.
Picture is available at AP Images (http://www.apimages.com)
For further information please contact press@ionity.eu or visit
www.ionity2025.eu
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