Revenues of Fastned increased 148% in Q1 2017
First two fast charging stations break even
Amsterdam, 11th of April 2017.
In a Year on Year (YoY) comparison with the same quarter of 2016, Fastned’s volume, revenue and number of active customers showed strong growth in the first quarter of 2017:
- Volume: 194,834 kWh (+160%)
- Revenue: €87,883 (+148%)
- Number of active customers: 3,520 (+62%)
- The first two fast charging stations of Fastned in The Netherlands passed the operating break-even point in March. This means that operating expenses were covered by the revenues generated at those stations.
- The construction of 6 new stations was started, bringing the total number of stations to 63 before summer.
Currently there are around 15,000 fully electric cars in The Netherlands; 40% more than a year ago. Almost half of this growth was achieved since January of this year, caused in part by favourable fiscal incentives. In March, the percentage of electric cars as part of the total number of new cars sold in the Netherlands grew to over 2%. Fastned expects that this percentage will continue to increase as more and more attractive electric car models with bigger ranges are introduced to the market.
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Fastned is a charging company that is building a European network of fast charging stations where fully electric vehicles can charge as fast as possible. The stations are located at high traffic locations along highways and in cities, where electric cars charge in an average of about 20 minutes. This will give drivers of fully electric vehicles the freedom to drive across Europe. As of today, Fastned has more than 100 stations operational in the Netherlands, Germany and the United Kingdom, and is working on expanding its fast charging network to the rest of Europe. Fastned is currently simultaneously building fast charging stations in the Netherlands, Germany and the United Kingdom, and preparing for building its first stations in other countries, with a focus on Belgium, Switzerland and France. More information: fastnedcharging.com.