🏆 Deal of the Week · CW 47/2021
IONITY raised EUR 700 million in a Venture Series round, with the valuation remaining undisclosed. The round was led by BlackRock, marking a significant capital injection into Europe's high-power EV charging infrastructure. The deal was recognised as Deal of the Week for KW 47/2021.
IONITY — key deal facts
| Company | IONITY |
| Founded | 2017 |
| Headquarters | Munich, Germany |
| Amount raised | EUR 700 M |
| Valuation | Valuation Remains Undisclosed |
| Round | Venture Series |
| Investors | Black Rock |
| Sectors | Automotive |
Who invested in IONITY?
BlackRock led the EUR 700 million Venture Series investment in IONITY. The participation of a global asset manager of BlackRock's scale is notable, signalling institutional confidence in the long-term infrastructure thesis underpinning Europe's EV charging rollout. The investment broadened IONITY's ownership beyond its founding automotive consortium.
What does IONITY do?
IONITY is a high-power charging network operator providing ultra-fast EV charging infrastructure along major European highways. Founded in November 2017 as a joint venture by BMW, Ford, Hyundai, Mercedes-Benz, and Volkswagen, the company is headquartered in Munich, Germany. Its stations deliver up to 350–400 kW of charging capacity using the CCS standard, and the network spans 24 countries. IONITY powers all chargers with 100% renewable energy and offers subscription services, including IONITY Motion and Power, for predictable cross-border charging.
IONITY valuation & multiples
Frequently asked questions
How much did IONITY raise in its Venture Series?
IONITY raised EUR 700 million in a Venture Series round, recognised in KW 47/2021.
What is IONITY's valuation?
IONITY's valuation was not disclosed as part of this funding round.
Who invested in IONITY?
BlackRock led the Venture Series investment in IONITY.
When was IONITY founded and where is it based?
IONITY was founded in November 2017 and is headquartered in Munich, Germany.
Source: original announcement — read the full report.