Amsterdam’s EV charging startup Fastned raises over €24M in new bonds: Know more

Amsterdam-based Fastned, the fast-charging company, announced that it has raised over €24M through new bonds, with 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.

Michiel Langezaal, CEO and co-founder of Fastned, says, “Our growing investor community plays a key role in supporting Fastned’s network expansion at high-traffic locations across Europe.”

“Accelerating the building pace of infrastructure for electric mobility is crucial given the expected exponential growth of the number of electric vehicles in the coming years.”

Brief about Fastned

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.

“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. 

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.

Recent developments

Earlier this year, in January, the Amsterdam-based company expanded its operations into Spain. It has signed a contract for its first fast-charging station in the country.

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. 

In October 2023, Fastned launched its new Android Auto App. The app allows electric vehicle drivers to find the nearest Fastned station easily and safely while driving. Drivers can also view real-time charger availability, check current kWh pricing, and get directions through Google Maps and Waze with the app.