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- IONITY
IONITY Valuation, Funding & Investors
IONITY is valued at $2.6B as of November 2021.
Last IONITY valuation
$2.6B
Undisclosed stage · Nov 2021
Last IONITY funding round
$794M
Undisclosed stage · Nov 2021
Cumulative funding IONITY raised
$794M
across 1 funding round
Key investors in IONITY
About IONITY
IONITY is a Munich-headquartered operator of ultra-fast EV charging stations across 24 European countries. The network comprises over 400 sites along major highways, delivering up to 350 kW charging speeds via CCS and CCS Combo standards. IONITY partners with BMW, Ford, Hyundai, Mercedes-Benz, and Volkswagen through the IONITY GmbH & Co. KG joint venture established in 2017. Stations integrate with apps for reservation and payment, supporting long-distance travel from Norway to Spain.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Valuation
$2.6B (Nov 2021)
IONITY Valuation
IONITY is currently valued at $2.6B, based on its undisclosed-stage round in November 2021. Read the announcement ↗
The $794M round was led by BlackRock.
IONITY valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2021 | Undisclosed stage | $2.6B |
IONITY Funding History
IONITY has raised a total of $794M across 1 funding round.
IONITY funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Undisclosed stage | BlackRock (lead) | $794M | $2.6B | IONITY is Europe's leading high-power EV charging network, founded in 2017 as a joint venture by major automakers including BMW Group, Ford Motor Company, Hyundai Motor Group with KIA, Mercedes-Benz AG, and Volkswagen Group with Audi and Porsche. In late November 2021, IONITY announced a €700 million investment from its current shareholders and new partner BlackRock's Global Renewable Power Platform, marking the first non-OEM investor. The funds will expand the network from around 1,500 charging points to over 7,000 high-power 350kW points by 2025, located on motorways, near cities, and trunk roads, with upgrades to high-demand sites and new 'Oasis' stations featuring amenities like cafés and shops. BlackRock's involvement underscores investor confidence in EV charging infrastructure for decarbonization, with the expansion aiming to improve customer experience and support long-distance EV travel across 24 European countries. |
Who has invested in IONITY?
1 investor has backed IONITY across its funding rounds, including BlackRock.
Lead investors include BlackRock.
IONITY Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 IONITY investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialIONITY Competitors
IONITY competitors include listed companies like Sigenergy Technology Co and Aima Technology Group, and private ones like Electrify America, Electric Vehicle Infrastructure Company, Ample and Hozon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.5B | - | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $1.4B | $508M | $6.3B | 2.3x | ||
| Private | - | - | $1B | - | ||
| Private | $1.9B | - | $2.6B | 1.5x | ||
| Publicly listed | $3.8B | $425M | $2.5B | 0.5x |
IONITY Public Comps
IONITY is still privately-owned, but its public comps include Nanjing Tanker, Aima Technology Group, QuantumScape, Kalpataru Projects International, Dorian LPG, Mitsubishi Motors, Jiangxi Jovo Energy, Kenya Pipeline Company, Pony AI and NGL Energy Partners.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $874M | $297M | 2.3x | 2.1x | 6.8x | 4.7x | |||
| $3.8B | $425M | 0.5x | 0.5x | 4.0x | 5.0x | |||
| - | ($397M) | - | - | (4.4x) | (6.9x) | |||
| $2.8B | $239M | 0.9x | 0.8x | 10.7x | 9.9x | |||
| $482M | $281M | 5.5x | 4.4x | 9.4x | 6.6x | |||
| $18B | $872M | 0.2x | 0.2x | 4.5x | 3.7x | |||
| $3B | $291M | 0.9x | 0.9x | 9.5x | 7.8x | |||
| $331M | $192M | 6.4x | - | 10.9x | - | |||
This data is available for Pro users. Sign up to see all IONITY competitors and their valuation data. Start Free Trial | ||||||||
Common questions about IONITY
| When was IONITY founded? | IONITY was founded in 2017. |
| Where is IONITY headquartered? | IONITY is headquartered in Munich, Germany. |
| Is IONITY publicly listed? | No, IONITY is a private, VC-backed company. |
| What is IONITY's valuation? | IONITY was last valued at $2.6B in its undisclosed-stage round in November 2021. |
| How much funding has IONITY raised? | IONITY has raised $794M across 1 funding round. |
| What was IONITY's last funding round? | IONITY's last funding round was a $794M undisclosed-stage round in November 2021, led by BlackRock. |
| Who are IONITY's investors? | IONITY's investors include BlackRock. |
| Which companies are comparable to IONITY? | Companies comparable to IONITY include Electrify America, Electric Vehicle Infrastructure Company, Sigenergy Technology Co, Ample, Hozon and Aima Technology Group. |
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