Fastned raises more than €24 million in new bonds to further grow its network across Europe

Amsterdam, 20 February 2024. Fastned, the European fast charging company, has raised more than €24 million with the issue of new bonds. In addition, investors have extended €3.5 million worth of investments from earlier issues, bringing the total issued amount in this round to over €27.5 million. The bonds have a 6% coupon and a 5-year maturity. This 14th round in the bond programme brings the total outstanding amount of investments raised with retail investors, to more than €180 million.

Our growing investor community plays a key role in supporting Fastned’s network expansion at high-traffic locations across Europe. Accelerating the building pace of infrastructure for electric mobility is crucial given the expected exponential growth of the number of electric vehicles in the coming years.

Michiel Langezaal, CEO and co-founder of Fastned

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 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).