Amsterdam-based Fastned, the fast-charging company, announced on Monday, June 24 that it has issued €32.9M of new bonds, with a 6 per cent coupon and a 5-year maturity.
Out of this amount, €12.3M came from investors that have extended their investments from earlier tranches.
This 15th tranche in the bond programme brings the total outstanding amount of bonds with retail investors to more than €195M.
“We are proud that, again, many investors have invested in our bonds. Together, we are building a community of over 10,000 bond investors who trust Fastned to drive the transition to electric mobility. With more affordable electric cars coming to the market, more people will have the opportunity to switch to electric driving,” says Michiel Langezaal, CEO & co-founder Fastned.
The announcement comes a month after launching a new bond subscription in the Netherlands and Belgium.
Earlier this year, the company raised €24M through new bonds and an additional €3.5M from previous investments.
This 14th round totalled over €27.5M, featuring a 6 per cent coupon and 5-year maturity. The company has now raised over €180M from retail investors.
Fastned: Developing fast-charging infrastructure for electric vehicles (EVs)
Founded in 2012 by Michiel Langezaal and Bart Lubbers, Fastned claims to be a major player in the development of fast-charging infrastructure for electric vehicles (EVs) across Europe.
With over 280 fast charging stations in several European countries, the company enables EV users to charge their vehicles with up to 300 km of range in just 15 minutes.
The Amsterdam-based company ensures the future viability of its charging stations by equipping them with both the physical and electrical capacity to charge hundreds of cars daily.
Earlier this year, the company expanded its operations into Spain.
The yellow canopies will first arrive in Spain in Casarrubuelos, a municipality of Madrid, located on the busy A42 motorway that connects Madrid with Toledo.
The station has eight chargers, each with power of up to 400kW, where every day hundreds of EV drivers can charge their batteries.
In addition to this location, Fastned has six more stations coming up in Spain.
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