BlackRock Real Assets buys stake in Australian EV charging provider JOLT Charge

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo - RTX389R9

BlackRock Real Assets, the realty investment arm of global asset manager BlackRock, has acquired an equity stake in Australian electric vehicle charging provider JOLT Charge, according to an announcement.

This marks the first investment in the EV charging sector by BlackRock Real Assets in the APAC region from its latest Global Renewable Power strategy. The fund — Global Renewable Power Fund (GRP) III — had secured $4.8 billion in its final close earlier this year, making it the largest independent climate infrastructure fund globally.

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