Ionity, an electric vehicle fast-charging charging network provider whose owners include Daimler AG and Volkswagen Group, has scored a €700 million ($783 million) investment from BlackRock Global and existing shareholders to expand its footprint across Europe.

The firm is also planning on adding more charging points to existing sites with high demand. The investment management company raised $4.8 billion for the fund in April, a sign that institutional investors are increasingly interested in decarbonization technologies. Six to 12 charging points will be at each location, Ionity said in a statement.

Ionity Lands €700 Million Investment From Blackrock, Automakers To Expand Ev Fast-Charging Network

Ionity Lands €700 Million Investment From Blackrock, Automakers To Expand Ev Fast-Charging Network

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