BlackRock joined the charging network's existing shareholders - BMW, Ford, Mercedes-Benz, Volkswagen, Audi, Porsche, Hyundai Motor Group and Kia - in the round.

Ionity, the Germany-headquartered electric vehicle (EV) charging network set up by a range of automotive manufacturers, raised €700m ($786m) today from its existing backers in addition to investment management firm BlackRock. Founded in 2017 by carmakers BMW, Ford Motor Company, Mercedes-Benz, Volkswagen Group, Audi, Porsche, Hyundai Motor Group and its Kia subsidiary, Ionity oversees a…

The rest of this content is only accessible to Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.