KfW IPEX-Bank provides financing for IONITY EV charging infrastructure in Germany and Europe
Germany, May 15 -- 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. 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...
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