KfW IPEX-Bank provides financing for IONITY EV charging infrastructure in Germany and Europe

KfW IPEX-Bank is providing EUR 50 million for IONITY, a High Power Charging (HPC) network provider and operator offering its services for all electric vehicles of any brand across 24 countries in Europe. The financing supports the next phase of IONITY’s growth which will focus on expanding and enhancing charging stations on highways and in urban hubs, particularly in Germany, France, Sweden and the UK. IONITY provides 100% renewable energy throughout its entire network.

“A well-developed charging infrastructure independent of national borders is the basis for the comprehensive electrification of cars” says Aida Welker, Member of the Management Board of KfW IPEX-Bank. “Therefore, we are glad to contribute to IONITY’s expansion both in Germany and in other European countries and support the transition towards decarbonisation in the mobility sector.”

IONITY is a joint venture of the car manufacturers BMW Group, Ford Motor Company, Hyundai Motor Group, Mercedes-Benz AG, Kia and Volkswagen Group with Audi and Porsche, along with BlackRock's Climate Infrastructure Platform as a financial investor.

With 750 sites and over 5,000 charging points across 24 European countries, IONITY is the European market leader in ultra-fast charging - delivering up to 400 kW and accessible to all EV brands.