Fastned raises EUR 2.5 million in record time
Amsterdam, 5 December 2016. Fastned, which is building a pan-European network of fast charging stations where all electric cars can charge, has raised EUR 2.5 million in a single weekend with a limited issue of bonds to the general public. The money will be used for the expansion of the network of fast charging stations.
The bond issue started last Friday at 9 a.m. and was fully subscribed on Monday morning. The issue was limited to 2.499 bonds of EUR 1000 each. Because of this successful issue, Fastned intends to issue additional bonds in the near future.
Founder Bart Lubbers: “The general public is ever more confident about electric cars. A growing number of people want to invest in this clean future. The shift that is taking place is very evident in the amount of time it takes us to raise funds. What took many months in 2014 only takes us a few days in 2016. We are witnessing a true breakthrough.”
Fastned is a leading party in the deployment of fast charging infrastructure in Europe. This was also noted by the blog Cleantechnica last Friday:
“Ford, Volkswagen Group, BMW Group, and Daimler are entering into the race with joint plans to develop 400 sites by 2020. However, Fastned has already built 55 stations throughout the Netherlands and, on December 1, announced the opening of Europe’s 1st Urban Fast Charging Station in The Hague, Holland.”
Fastned currently has 57 stations operational in the Netherlands (of which 55 along the highway, the number used by Cleantechnica) and is working on expanding her network into cities and surrounding countries. The demand for qualitative infrastructure translates to a consistent 10% month-on-month growth of kWh delivered over the past 2 years; 7 times faster than the growth of the number of full EVs in the Netherlands.
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Fastned is building a European network of fast-charging stations where all electric cars can charge as fast as possible with 100% renewable energy. The stations are located at high traffic locations along the highways and in cities, where EVs can charge in approximately 20 minutes. Fastned’s goal is to build a European network of one thousand fast charging stations. This will give electric drivers the freedom to drive across Europe. As of today, Fastned has 85 stations operational in The Netherlands and Germany. Fastned is preparing the construction of fast charging stations in The Netherlands, Germany, The United Kingdom and Belgium. Fastned is listed on the Nxchange stock exchange.
Fastned is rolling out its network of fast charging stations in response to the rapidly increasing numbers of EVs in Europe. Car manufacturers are investing billions of Euros in the development of, and production capacity for, EVs. More and more EVs are hitting the roads, which drives the need for charging infrastructure. For more information go to www.fastned.nl/en