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Fastned, which is building a nationwide network of fast-charging stations in the Netherlands has strengthened its assets by €6 million. This concerns €3.5 million of new capital and also the conversion of a €2.5 million loan from Flowfund. According to the company, the newly injected capital will be used to finance further expansion of the Fastned network.
For this issue, new certificates of shares were issued at a price of €10 apiece. The Fastned certificates can be traded via the Nx’change stock exchange.
Notably, Fastned was established in 2012 by Michiel Langezaal. Fastned is building a European network of fast charging stations where all-electric cars can charge quickly with 100% green electricity.