IONITY shareholders and BlackRock’s Global Renewable Power platform invest a combined €700 million to accelerate IONITY s expansion across Europe
Number of IONITY high-power charging points will more than quadruple
BlackRock’s Global Renewable Power platform is the first non-OEM to join IONITY’s shareholders, including BMW Group, Ford Motor Company, Hyundai Motor Group with KIA, Mercedes-Benz AG and Volkswagen Group with Audi and Porsche
IONITY, Europe s leading high-power charging network - open to drivers of all electric vehicle brands - today announces a combined €700 million investment from its current shareholders and new partner the BlackRock Global Renewable Power platform.
“We are acting on our commitment to address climate change in every domain at UVic, including through our investments,” said UVic treasurer Andrew Coward. “The opportunity to invest in renewable power is clear and it aligns with UVic’s responsible investment strategy, allowing for support of future technologies while also ensuring a strong financial return.”
The investaments allow the university to lower the carbon footprint of its investments, he said, “which helps to mitigate the investment risk associated with climate change as society transitions to a greener economy that is focused on reducing greenhouse gas emissions.”
Both the UVic Students’ Society and Divest UVic called the development a “major victory” following an eight-year fight to stop the university from investing in the fossil-fuel industry.