On Tuesday, Amsterdam-based Fastned, the fast-charging company, announced that it has begun a subscription to a new bond issue in the Netherlands and Belgium.
The company will use the proceeds to continue to grow the network in existing and new markets.
European regulations supporting the transition to electric driving, such as the Alternative Fuels Infrastructure Regulation, will create even more opportunities for Fastned to grow its network across Europe.
Fastned finished 2024 with strong revenue growth, more high-traffic locations, and over half a million active customers in Europe.
So far, the company has secured 569 high-traffic locations and has 346 charging stations in operation, aiming for 1,000 stations by 2030.
In 2024, Fastned raised over €82M from three rounds of bond issues, with the last round in October 2024 contributing €21.5M.
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, the company has six more stations coming up in Spain.
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