Loans in the hundreds of millions for store network operators

20.05.2025

Source: E & M powernews

Munich-based charging network operator Ionity says it has received loans amounting to 450 million euros.

Fresh capital for the expansion of the charging infrastructure: the joint venture Ionity, in which several car manufacturers are involved, can expect loans amounting to 450 million euros. The Munich-based charging network operator has announced that nine banks are providing the money. There is also an option to increase the credit line by 150 million euros to a total of 600 million euros at a later date via an "Accordion facility".

Ionity intends to use the money to invest in charging points on freeways and in urban areas. The company wants to expand its network in Europe to 1,300 charging parks by 2030, with the number of charging points set to rise to 13,000. The charging points currently have an output of up to 400 kW. In future, they are to be up to 600 kW.

The sponsors are: ABN Amro, BNP Paribas, Credit Agricole, ING, KfW Ipex-Bank, Landesbank Baden-Württemberg, MUFG, Norddeutsche Landesbank and Rabobank. "Now we are scaling faster than ever before to build the backbone of tomorrow's sustainable mobility infrastructure and bring ultra-fast charging to everyday destinations," announced Ionity CFO Torsten Kiedel in a press release.

BNP Paribas banker Severine Mateo sees the Munich-based company at the forefront in Europe and emphasizes: "This financing is the largest ever raised by a charging station operator."

The company, which was founded in 2017, is backed by car manufacturers BMW, Ford, Hyundai, Kia, Mercedes-Benz, Volkswagen, Audi and Porsche as well as the investment company Global Infrastructure Partners, which was acquired by US asset manager Blackrock last year.

Author: Manfred Fischer