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BlackRock Assets invests into electric vehicle charging
Global firm DLA Piper has advised BlackRock on its first-ever investment into the Asia-Pacific charging infrastructure sector.
Lauren Croft
Firm: DLA Piper (BlackRock Real Assets).
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Deal: DLA Piper has advised BlackRock Real Assets on its first investment into electric vehicle charging company JOLT Charge.
Value: Undisclosed.
Area: Corporate, technology.
Key players: The DLA Piper team was led by corporate partner Chris Mitchell and supported by partners Fleur Gibbons and Tim Lyons, special counsel Dylan Burke, senior associates Chanel Mercurio and Sarah Birkett, and solicitor Tara Alexander.
Deal significance: This is BlackRock Real Assets’ first investment in the EV charging infrastructure sector in Asia-Pacific. The investment from the company will provide JOLT with the required capital to accelerate its rollout of EV charging stations across Australia.
Chris Mitchell said: “DLA Piper was proud to assist BlackRock Real Assets on its first investment into EV charging infrastructure in Asia-Pacific and congratulate the team on their commitment to accelerating the rollout of this infrastructure across Australia.
“We look forward to seeing JOLT expand its network of charging stations which will play a critical role in assisting Australia’s transition from traditional combustion engine vehicles to EVs and supporting our continued push towards net zero emissions.”
