BlackRock completed the $787m investment in IONITY.

BlackRock, a private equity, completed the $787m investment in IONITY, a network for high-power-charging electric vehicles to facilitate long-distance travel across all Europe. Current shareholders, including BMW Group, Ford Motor Company, Hyundai Motor Group , KIA, Mercedes-Benz, Volkswagen Group , Audi and Porsche also participated. "The entry of BlackRock as a shareholder and the commitment of our current shareholders underline IONITY's attractiveness for investors and confirm the strength of our strategy. The trust and investment of all shareholders will accelerate IONITY's growth, the expansion of our high-power charging network across Europe and more broadly, the decarbonisation of the mobility sector," Michael Hajesch, IONITY CEO.