Fastned starts subscription to new bonds
Amsterdam, 18 January 2024. Fastned, the European fast charging company, will today start subscription to a new bond issue. Proceeds will be used to continue to grow the network in existing and new markets. European regulations supporting the transition to electric driving will create even more opportunity for Fastned to grow its network across Europe.
During the last quarter of 2023, Fastned sold a record volume of more than 30 GWh of renewable energy. More information on Fastned’s results can be found on the Investor Relation page of Fastned’s website.
The strong performance of Fastned, although not yet profitable, comes on the back of continued growth of the charging market. The number of electric vehicles is expected to grow from 3 million in 2022 to more than 40 million in 2030*. Being one of the most experienced players in the European industry, Fastned is well-positioned to continue its high win rate for tenders and aims to build a network of one thousand stations by 2030.
In the last quarter of 2023, electric vehicles were charged nearly 1.3 million times at Fastned’s stations, enabling more than 160 million electric kilometres to be driven without burning fossil fuel. The success of Fastned’s charging experience amongst EV drivers has been confirmed by two recent awards** received in the Netherlands and the United Kingdom, for the second year running. By leading the transition to e-mobility in Europe, Fastned contributes to a more sustainable future.
Fastned is launching this new bond issue in the Netherlands and Belgium. More information about Fastned and the bonds, including risks, costs and fiscal treatment, can be found in the prospectus, available here.
* BNEF Electric Vehicle Outlook 2023
** UK: ZapMap; the Netherlands: Autoblog
About Fastned
Fastned is on a mission to accelerate the transition to electric mobility. Since 2012, we’ve been at the forefront of European charging infrastructure development, building and operating a rapidly growing network of iconic fast charging stations. Our yellow, nature inspired stations create a welcoming environment for drivers during the 10-15 minutes it takes to charge up to 300 km of range. By offering Europe’s most reliable, convenient and joyful charging experience, we aim to inspire millions to drive on solar and wind energy so that together we can curb climate change. Fastned is listed at Euronext Amsterdam (AMS: FAST).