The leading ultra-fast electric vehicle (EV) charging network in Europe, IONITY, has closed a record financing deal totaling up to €600 million, including a €450 million committed green loan facility and an additional accordion option of €150 million to support future expansion.
This financing, provided by a syndicate of nine major international banks, represents the largest loan transaction ever completed in the European EV charging industry.
It underscores the strong market confidence in IONITY’s strategic vision to lead Europe’s transition to sustainable mobility.
With this new capital injection, IONITY plans to significantly expand and upgrade its ultra-fast charging network, focusing on highways and urban centers to meet the rapidly growing demand for reliable and convenient high-power EV charging.
Currently, IONITY operates over 5,000 charging points, with a goal to increase this number to approximately 13,000 charging points distributed across more than 1,300 charging locations by 2030.
IONITY’s chargers today offer charging speeds of up to 400 kW, capable of delivering around 300 kilometers of range in 10 to 15 minutes.
The company is the only European network that supports 800V vehicle architectures at every charging point, ensuring compatibility with current and next-generation electric vehicles.
As part of its ongoing technology development, IONITY is integrating the Alpitronic HYC1000 charging system, which can deliver up to 600 kW, aiming to enable charging sessions that add several hundred kilometers of range in under 10 minutes.
To maintain high compatibility standards, IONITY rigorously tests new hardware and software at its dedicated test center near Munich.
Beyond speed and capacity, the company emphasizes customer experience, offering a user-friendly mobile app and partnering with leading hospitality and retail brands such as Starbucks, Circle K, L’Osteria, and Village Hotels to provide seamless, convenient charging stops.
This financing follows IONITY’s historic €700 million equity round in 2021, led by Global Infrastructure Partners (GIP), part of BlackRock, alongside the company’s OEM shareholders.
Together, these financial milestones reinforce IONITY’s position as a cornerstone of Europe’s sustainable mobility infrastructure.
The expansion is timely, as the European Union targets nearly 30 million electric vehicles on the road by 2030, increasing the need for accessible and dependable high-power charging solutions.
By investing in infrastructure across 24 European countries, IONITY aims to facilitate mass-market EV adoption and contribute to the long-term competitiveness of the European mobility industry.
Torsten Kiedel, CFO of IONITY, stated, “This financing marks a major milestone—not just for IONITY, but for Europe’s transition to clean, sustainable mobility. We are scaling faster than ever to build the backbone of tomorrow’s sustainable infrastructure and bring ultra-fast charging to everyday destinations.”
The loan syndicate includes ABN AMRO, BNP Paribas, Crédit Agricole, ING, KfW IPEX-Bank, Landesbank Baden-Württemberg, MUFG Bank, Norddeutsche Landesbank, and Rabobank. BNP Paribas served as financial advisor to IONITY.
Clifford Chance and A&O Shearman acted as legal advisors for the lenders and IONITY, respectively.
Christian Wiehenbrauk, Vice President of Product Strategy at Porsche AG and chairperson of the IONITY shareholder committee, commented, “IONITY is a key pillar in our pan-European high-power charging strategy. This financing accelerates growth and strengthens IONITY’s leadership position in Europe.”
Séverine Mateo, Global Head of Low Carbon Transition Group at BNP Paribas, added, “This financing demonstrates IONITY’s European leadership and global commercial reach. BNP Paribas is proud to support IONITY’s expansion and sustainable transition.”
