24 Nov 21
News

IONITY invests €700m in rapid chargers

IONITY, the operator of around 1,500 rapid EV chargers (350 kW) throughout 24 countries, has announced an investment of €700 million for the expansion of its network across Europe by 2025. 

As a result, the number of IONITY’s high-power charging points will quadruple to around 7,000, and the number of its locations will increase from 400 to around 1,000. 

Future locations will be on motorways, near major cities and along busy trunk roads, and will have a higher average of six to twelve charging points. The existing sites will also be upgraded with additional points. 

The rollout will include an innovative station concept called ‘Oasis’, offering more comfort and an improved charging experience.

The investment is made possible thanks to a contribution by BlackRock’s Global Renewable Power platform. This new shareholder is the first non-OEM to acquire a stake in IONITY, which until now was entirely owned by BMW, Ford, Hyundai/KIA, Mercedes-Benz and VW.

Image: IONITY 


 

Authored by: Frank Jacobs