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IONITY, a leading provider of ultra-fast electric vehicle (EV) charging in Europe, has secured a landmark financing deal of up to €600 million, including €450 million in committed green loan facilities and an option to increase the credit line by €150 million. This record-breaking transaction, the largest in the European EV charging industry, highlights strong market confidence in IONITY’s vision to drive sustainable mobility. The funding will support the expansion of ultra-fast charging infrastructure, enabling widespread EV adoption and reinforcing Europe’s shift toward a greener future.
Key Highlights:
- Record Financing: Up to €600 million secured, including €450 million in green loans, marking the largest loan in Europe’s EV charging sector.
- Network Growth: Plans to expand to over 1,300 locations and 13,000 charging points by 2030.
- Advanced Technology: Chargers supporting 800V architectures and up to 600 kW, adding hundreds of kilometers of range in under 10 minutes.
- Enhanced Experience: Partnerships with brands like Starbucks and Circle K to improve convenience at charging stations.
- Sustainability Focus: All charging stations powered by 100% renewable energy, supporting carbon-neutral travel.
The financing, backed by nine top-tier international banks, follows IONITY’s €700 million equity round in 2021, led by Global Infrastructure Partners (GIP) and its OEM shareholders, including BMW Group, Ford, Hyundai, Kia, Mercedes-Benz, and Porsche. This robust financial backing underscores IONITY’s pivotal role in shaping Europe’s EV infrastructure.
IONITY plans to more than double its current 5,000 charging points to approximately 13,000 by 2030, focusing on highways and urban hubs. Its chargers, delivering up to 400 kW and soon 600 kW, are compatible with all EV models and support 800V vehicle architectures, ensuring readiness for next-generation vehicles. A dedicated test center near Munich ensures reliability, while partnerships with hospitality brands enhance the charging experience.
With the EU aiming for 30 million EVs by 2030, IONITY’s expansion is critical to meeting growing demand. “This financing is a major milestone for Europe’s transition to sustainable mobility,” said Torsten Kiedel, IONITY’s CFO. By scaling its network and integrating cutting-edge technology, IONITY is paving the way for seamless electric journeys across 24 European countries, powered entirely by renewable energy.
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