Fastned strengthens capital position

18 January 2019

Fast charging company attracts 6 million euro of new capital

Fastned, which is building a European network of fast charging stations, has strengthened its balance sheet with 6 million euro of new equity. This includes 3.5 million euro of new capital as well as the conversion of a loan of 2.5 million euro from Flowfund. The new capital will be used to finance further expansion of the Fastned network.

For this issue new certificates of shares were issued at a price of 10 euro apiece. The Fastned certificates can be traded via the Nx'change stock exchange.

Bart Lubbers, co-founder Fastned: "With this capital increase, Fastned can further expand the network of fast charging stations and thus offer even more freedom to electric drivers. Flowfund has supported Fastned almost from the start. The conversion of their loan to capital is a strong sign of confidence in our future."

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