Amsterdam-based Fastned, a provider of a fast-charging network for electric vehicles, announced on Tuesday that it has secured €30.4M with the issue of new bonds.
Additionally, investors have extended €3.5M worth of investments from earlier issues. The company issued bonds with a 6 per cent coupon rate and a 5-year maturity period.
This marks the 13th round in Fastned’s bond programme, and brings the total investments raised from retail investors to over €163M.
Victor van Dijk, CFO of Fastned, says, “We are proud that investors increasingly see Fastned as an attractive investment and want to support our mission.”
“Our growing investor community plays a key role in supporting Fastned’s network expansion as we continue winning long-term tenders and high-traffic locations across Europe.”
“Every new station built gets us closer to our goal of one thousand stations by 2030, actively helping to curb climate change,” adds Van Dijk.
Accelerating the transition to sustainable mobility
Founded in 2012 by Michiel Langezaal and Bart Lubbers, Fastned is a major player in the development of fast-charging infrastructure for electric vehicles (EVs) across Europe.
“Our goal is a European network of 1000 fast charging stations in prime locations, where all-electric vehicles can charge with renewable energy from the sun and wind,” says Fastned.
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.
Fastned is also expanding its network, planning to open its first stations in Denmark by the end of 2023, and in Italy by the end of 2024. Fastned is listed on Euronext Amsterdam under the ticker AMS: FAST.
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.
This commitment to scalability allows Fastned to make electric vehicle charging accessible and convenient for a wide range of users, aligning with their mission to provide EV charging for everyone.
Revenue from charging services
In the third quarter of 2023, Fastned reports to have experienced significant growth with a 51 per cent increase in revenue from charging services.
The company facilitated one million charging sessions during this period, enabling over 128 million electric kilometers and preventing an estimated 24.7 thousand tonnes of CO2 emissions.
Fastned also made substantial progress by expanding its network, entering new markets in Denmark and Italy, and securing prime lots in a major German tender.
These developments reflect Fastned’s positive impact and ongoing efforts to expand its sustainable charging infrastructure across Europe.
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