KfW IPEX-Bank has announced a financing deal with IONITY, providing EUR 50 million to support the expansion of its High Power Charging (HPC) network across Europe. This funding will assist in developing charging stations on highways and urban areas, particularly in Germany, France, Sweden, and the UK. IONITY's network is designed to cater to electric vehicles of all brands and operates entirely on renewable energy.
Aida Welker, Member of the Management Board of KfW IPEX-Bank, emphasized the importance of cross-border infrastructure for vehicle electrification: “A well-developed charging infrastructure independent of national borders is the basis for the comprehensive electrification of cars.” She added that they are pleased to aid IONITY’s growth in Europe and support mobility sector decarbonization.
IONITY operates as a joint venture involving several major car manufacturers including BMW Group, Ford Motor Company, Hyundai Motor Group, Mercedes-Benz AG, Kia, Volkswagen Group with Audi and Porsche. Additionally, BlackRock's Climate Infrastructure Platform participates as a financial investor.
Currently leading the European market in ultra-fast charging solutions with 750 sites and over 5,000 charging points spread across 24 countries, IONITY offers charging speeds up to 400 kW accessible to all electric vehicle brands.