13 December 2019
Fastned, the charging company which is building a European network of fast charging stations, has raised 12 million euro with the issue of bonds. Almost a thousand investors subscribed to the issue.
From Thursday, November 21, 2019 to Thursday, December 12, 2019, investors could subscribe to the Fastned bonds. The bonds have a maturity of 5 years and pay out 6% interest per year. With this issue Fastned will primarily finance further expansion of its fast charging network. This is necessary given the strong growth in the number of electric cars and the related demand for fast charging infrastructure.
Michiel Langezaal, CEO Fastned: “It's great to see so many people invest in the transition to a more sustainable world. With the proceeds of this bonds issue, we can further expand the capacity of our network with more stations and more faster chargers. This will allow us to continue to meet the growing demand for fast charging.”