Amsterdam-based Fastned secures three-year financing

The Amsterdam-based charging network operator Fastned has secured financing for its operations for the next three years. The company plans to use the funding to keep growing “until a serious charging market has emerged and a sizable share of its stations make a profit.”

Fastned currently operates 50 public fast charging stations along highways in the Netherlands, and is steadily deploying more. Its customer base, usage figures and revenues are also expanding quickly – all grew at over 10% per month during the last year. The company expects some of its stations to pass the break-even point by mid-2017.

In order to finance the roll-out of new charging stations in the Netherlands and Europe, Fastned is planning an issue of certificates of shares in the first half of this year.

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Fastned fast charging 2

 

Source: Fastned