IONITY has secured a significant financial boost with EUR450 million in committed green loan facilities and an additional option to increase the credit line by up to EUR150 million. This transaction is the largest ever in the European electric vehicle charging sector, reflecting confidence in IONITY’s strategic vision.
The financing consortium includes ABN AMRO Bank N.V., BNP Paribas, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., KfW IPEX-Bank GMBH, Landesbank Baden-Württemberg, MUFG Bank (Europe) N.V., Norddeutsche Landesbank Girozentrale, and Rabobank. BNP Paribas served as the financial advisor. IONITY’s shareholders BMW Group, Ford, Hyundai, Kia, Mercedes-Benz, Porsche representing all Volkswagen Group brands and Global Infrastructure Partners (GIP), part of BlackRock, supported the process.
With this capital infusion, IONITY plans to expand its ultra-fast charging network across Europe. The focus will be on highways and urban hubs to meet increasing demand for high-power charging solutions.
Currently operating over 5,000 charging points, IONITY aims to more than double this number to approximately 13,000 by 2030. It also plans to expand its network to over 1,300 sites within the same timeframe. Presently capable of delivering at least 400 kW per charge point—sufficient for up to 300 kilometers of range in just 10-15 minutes—IONITY supports 800V vehicle architectures across its entire network.
The legal team managing this project was led by Dr Jan-Hendrik Bode from A&O Shearman. The team included partners Thomas Neubaum and Edward Moser among others from Frankfurt and London offices. Additional support came from teams based in Paris as well as partner law firms Hannes Snellmann in Sweden and Wiersholm in Norway.
In-house legal advice was provided by Philipp Meyer-Lindemann (Head of Legal) and Ferdinand Wieland (Legal Counsel).
