BlackRock Jumpstarts Australia’s Electric Charger Network With $100M

A charging device for the the new Nissan Leaf vehicle is seen on July 11, 2019 in Melbourne, Australia. Michael Dodge/Getty Images

The world’s largest investment fund BlackRock will invest $100 million (US$72 million) towards the rollout of 5,000 electric vehicle charging stations across Australia.

BlackRock Real Assets will acquire a stake in Australian electric vehicle (EV) charging provider JOLT Charge and will support its expansion by helping to build infrastructure that will encourage Australians to take up EVs faster.