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

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
Daniel Y. Teng
Updated:

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.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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