IONITY secures record financing to expand critical infrastructure for Europe’s electric future

• Largest loan transaction ever in European EV charging industry underscores market trust in IONITY as leading brand for EV transition: €450 million in committed green loan facilities and option to increase credit line up to €600 million for future growth.
• IONITY will invest new financing to future-proof Europe’s charging infrastructure, enabling mass EV adoption and accelerating shift to sustainable mobility.
• Expansion of ultra-fast, reliable charging points along highways and in urban hubs; cutting-edge technology with up to 600 kW for next-gen EVs; support for 800V vehicle architectures across entire network; partnerships with top-tier hospitality brands to deliver truly effortless experience.
• By 2030, IONITY set to grow network to over 1,300 locations and more than double its number of charging points across Europe to approximately 13,000.
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Munich, May 15, 2025 – The leading provider of ultra-fast EV charging in Europe, IONITY, has secured a record-breaking financing of up to €600 million, including €450 million in committed green loan facilities and a so-called accordion facility – the option to increase the credit line by up to €150 million later for future growth. This loan transaction, provided by nine leading international commercial banks, marks the largest ever in the European charging industry and underscores the market’s trust in IONITY’s long-term vision. With the new capital, IONITY will continue to invest in future-proofing Europe’s charging infrastructure – enabling mass EV adoption and accelerating the continent’s shift to sustainable mobility. As a pioneer in the industry, IONITY is committed to redefining the availability and reliability of ultra-fast charging to meet both today’s demands and the needs of future vehicle generations.

After completing a historic €700 million equity round in 2021, led by Global Infrastructure Partners (GIP), a part of BlackRock, and IONITY’s OEM shareholders – the largest equity round in the industry to date – IONITY has now secured another unprecedented investment. This unmatched financial and institutional backing reinforces the company's position in shaping sustainable mobility infrastructure.

IONITY will invest the new capital in the continued expansion and upgrade of its ultra-fast charging network, focusing on highways and urban hubs to address the growing demand for convenient and reliable high-power charging across Europe. Currently operating over 5,000 charging points, the company aims to more than double the number of charging points to approximately 13,000 and grow its network to more than 1,300 charging sites by the end of 2030. Today, IONITY chargers provide up to 400 kW, enabling up to 300 kilometres of range in just 10 to 15 minutes. As the only European network supporting 800V vehicle architectures at every charging point, IONITY is built to meet the demands of today’s electric vehicles and the performance standards of next-generation models. Through continuous integration of cutting-edge technologies, such as the Alpitronic HYC1000 charging system, capable of delivering up to 600 kW in the IONITY network, the company is moving closer to its goal of enabling high-power charging sessions that add several hundred kilometres of range in less than 10 minutes. IONITY also ensures full compatibility across all electric vehicle models by rigorously validating new hardware and software at its dedicated test centre near Munich. Beyond speed and scale, IONITY is committed to enhancing customer experience, offering a highly intuitive app and forging partnerships with leading hospitality and retail brands such as Starbucks, Circle K, L’Osteria, and Village Hotels.

As Europe transitions from internal combustion engines to electric vehicles, with the EU targeting nearly 30 million EVs on the road by 2030, accessible and reliable high-power charging infrastructure is more critical than ever. By investing in the expansion and enhancement of its ultra-fast network across 24 European countries, IONITY will directly support mass market adoption and strengthen the future competitiveness of the European mobility industry.  

“This financing marks a major milestone – not just for IONITY, but for Europe’s transition to clean, sustainable mobility,” says Torsten Kiedel, CFO of IONITY. “From day one, we’ve proactively built a truly European high-power charging network without compromising on speed, reliability, or convenience. Now, we’re scaling faster than ever to build the backbone of tomorrow’s sustainable mobility infrastructure and bring ultra-fast charging to everyday destinations. Our mission is clear: to power seamless electric journeys and create lasting value for the economy, society, and the environment.”

Behind the financing stands a syndicate of top-tier banks: ABN AMRO Bank N.V., BNP Paribas, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., KfW IPEX-Bank GMBH, Landesbank Baden-Württemberg, German branch of MUFG Bank (Europe) N.V., Norddeutsche Landesbank Girozentrale and Rabobank with BNP Paribas acting as IONITY’s financial advisor, Clifford Chance acting as the lenders’ legal advisor and A&O Shearman acting as IONITY’s legal advisor. IONITY’s shareholders BMW Group, Ford, Hyundai, Kia, Mercedes-Benz, Porsche representing all Volkswagen Group brands and Global Infrastructure Partners (GIP), a part of BlackRock, also played a significant role in supporting IONITY in the process.

Christian Wiehenbrauk, Vice President of Product Strategy at Porsche AG and current chairperson of the IONITY shareholder committee, says: “As shareholders, we are proud to continue supporting and advising IONITY together with these top financial institutions. We reinforce our strong commitment to the further growth of IONITY as it is a key pillar in our pan-European high-power charging strategy. With the new financing, IONITY is accelerating its growth and reinforcing its position as a European leader, realizing its strategic vision.”

Séverine Mateo, Global Head of Low Carbon Transition Group at BNP Paribas says, “BNP Paribas is pleased to accompany IONITY in its €450 million loan raising as both financial advisor and Mandated Lead Arranger, to support its European expansion. This financing, which is one of the largest raised to date for a Charge Point Operator, demonstrates IONITY’s European leadership, and its global commercial reach for EV charging. BNP Paribas, through its Low Carbon Transition Group, is committed to fostering its clients’ transitions to a sustainable and low carbon economy. This financing is testament to our longstanding relationship with IONITY and its shareholders.”