Ionity receives investment of 700 million euros

Ionity receives investment of 700 million euros

Ionity is receiving a €700 million investment from its current shareholders and new partner Blackrocks Global Renewable Power Platform, which will be used to massively expand its HPC network in Europe - to around 1,000 sites by 2025.

The fast-charging joint venture then wants to operate around 7,000 charging points at these 1,000 locations, which would be roughly a fourfold increase. In the first phase, Ionity wanted to set up 400 stations across Europe - actually by the end of 2020. 385 charging parks with 1,526 charging points are currently in operation, and 37 more charging parks are under construction.

In the first phase, Ionity built mainly at existing service stations, in Germany as a partner of Tank& Rast. Similar to EnBW with its covered fast-charging hubs, Ionity also wants to increasingly buy its own land and build a charging park or even its own service station there - depending on the location. The company has named the concept for such stations "Oasis". "With 'Oasis', we are showing what a completely new charging experience can look like," says Ionity COO Marcus Groll. "Whether covered charging stations or charging parks with connected cafés, restaurants or shops - we want to offer our customers more convenience in the future."

In addition, existing locations - along highly frequented routes with a high demand for charging infrastructure - will be upgraded with additional charging stations. In the first phase, the locations were mostly planned with 4 to 6 charging stations. According to Ionity, this will not only improve the charging experience for customers, but also prepare its own network for the increasing demand for charging infrastructure.