- Fastned raises over €24 million through bond issuance for European charging network expansion
- European regulations mandate fast-charging infrastructure on main roads, leading to increased tenders
- Fastned aims to establish 1,000 stations by 2030, selling renewable energy and driving the electric revolution
Fastned raises nearly €24 million for European charging network
Fastned, a leading European fast-charging company, has successfully raised €21.9 million through new bond issuance. Investors have extended an additional €2.4 million from previous issues. This brings the total raised in this round to over €24 million. The bonds, with a 5.5% coupon and 5-year maturity, will fuel Fastned’s network expansion across Europe.
In line with recent European regulations mandating fast-charging infrastructure on main roads, a surge in tenders is expected in the coming years. Fastned is known for its high win rate in such tenders. Therefore, it is well-positioned to seize these opportunities and further grow its network.
Victor van Dijk, Fastned’s CFO, takes pride in the trust investors have placed in the company despite the challenging capital market environment. Fastned not only builds charging stations in strategic, high-traffic locations but also actively contributes to shaping the electric driving community.
Fastned has set an ambitious target of establishing 1000 stations by 2030. They will ensure the energy sold comes from renewable sources such as solar and wind, thus actively combating the climate crisis. With these investments, Fastned is actively shaping the future of electric mobility in Europe and driving the transition towards sustainable transportation.
“Together, we not only build fast charging stations on high traffic locations, but we also grow a community around electric driving. We believe that the electric revolution will really take off when charging becomes hassle free and that is why we roll out our network across Europe: to offer freedom to electric drivers. Every day we get closer to our goal of one thousand stations by 2030, where we sell energy from renewable sources like sun and wind, actively helping to curb the climate crisis.”
Victor van Dijk, CFO of Fastned.