Fastned raises over 13 million euro to finance further growth
Fast charging company Fastned has raised over 13 million euro with the issue of bonds. In addition, investors have extended 2.7 million euro worth of bonds from earlier issues, bringing the total issued amount to more than 16 million euro. All newly issued bonds will mature in July 2025.
From Wednesday June 24 to Tuesday July 28 investors could subscribe to the bonds with 6% interest and a maturity of 5 years. In addition, an offer has been made to investors with bonds maturing in December 2021 and June 2022 to extend these bonds by exchanging them for bonds in this new issue. More than a quarter of bonds from earlier issues have now been converted to bonds from this issue, reducing the repayment obligation for Fastned in 2021 and 2022 by more than 2.7 million euro.
“It’s great to see that so many people investing in a more sustainable world. With the proceeds from this bond issue, we can further expand the capacity of our network. The rollout of fast charging stations is crucial to get people to switch to an electric car.”
Fastned's mission is to give freedom to the electric driver and accelerate the transition to electric driving. That is why Fastned is building European network of a thousand fast charging stations. At these stations, electric drivers can add up to 300 km range in 15 minutes with electricity from the sun and wind. Fastned has 118 fast charging stations in the Netherlands, Germany and the United Kingdom. All stations are open to the public 24/7. Fastned is listed on Euronext Amsterdam (ticker AMS: FAST). More information: fastnedcharging.com