Operational EBITDA more than doubled to €37.4 million from €17.9m in H1 2025. Underlying company EBITDA increased from €1.4 million in H1 2025 to €13.7 million in H1 2026, as Fastned accelerated both station rollout and commercial growth across Europe. Gross profit related to charging grew by 61% year-on-year to €66m, with a 17% increase in gross profit per kWh.

Revenue related to charging increased by 40% year-on-year to €75.1 million. Fastned’s cash position stood at €100.7m at the end of H1 2026.

The reported revenue is negatively influenced by €5 million relating to Dutch e-credits for the first quarter of 2026. Although quantities and price for the e-credits have been contractually agreed, legal title for these unit transfers could not be recognised for IFRS reporting during H1 due to the Dutch government portal being temporarily unavailable (see official announcement here). This is expected to be recognised as revenue in Q3 2026. This one-off situation has no impact on H1 2026 gross profit due to a compensating impact within cost of sales. For more information see the Financial Review section of Fastned’s Interim Report H1 2026, or the Appendix in the H1 2026 Trading Update presentation.

Fastned opened 28 new stations - a record for the company in the first half of the year - taking its network to 434 operational stations across nine countries as of 30 June 2026. The company also added 60 new locations to its development pipeline. An additional 8 Fastned stations were opened between the end of H1 and the publication date of the Interim Report.

The Fastned Interim Report H1 2026 is available here. Further information is available on Fastned’s Investor Relations page.

Maturing network sparking sustainable growth

In H1 2026, Fastned delivered 112.3 GWh of renewable energy, an increase of 38% compared with the same period last year. The network supported 4.1 million charging sessions, up 34%, powering an estimated 562.2 million electric kilometres and avoiding 101.9 kilotonnes of CO₂ equivalent.

Gross profit related to charging rose by 61% to €66.0 million, with the related gross margin increasing from 76% in H1 2025 to 88% in H1 2026.

Operational EBITDA reached €37.4 million, compared with €17.9 million in H1 2025, representing growth of 109% and greater than the equivalent figure for the full 12 months of 2025.

Underlying company EBITDA, which includes the costs of expanding the network, increased to €13.7 million, compared with €1.4 million in the first half of 2025.

Fastned’s net loss narrowed to €13.0 million, a 29% decrease from €18.3 million in H1 2025.

Ramping up the rollout across Europe

After passing the milestone of 400 stations in late 2025, Fastned opened 28 new stations during the first half of 2026. This represents a 65% increase in new openings compared with H1 2025: the company’s strongest first half for station openings to date, showing the company’s success in improving its construction pace.

Fastned’s network reached 434 operational stations across the Netherlands, Belgium, France, Germany, the United Kingdom, Switzerland, Denmark, Italy and Spain as of 30 June 2026. Including these operational stations, the company’s total portfolio of locations grew to 723 at the end of the reporting period.

Germany was a standout market during H1 2026. Fastned reached its 60-station milestone in the country during the second quarter, with 12 new stations opening in Germany in Q2 alone.

In the United Kingdom, Fastned opened its first station under its joint venture with Places for London, Transport for London’s property company. The large charging hub at Hatton Cross, close to Heathrow Airport, demonstrates Fastned’s ability to bring its product to cities, as well as motorway locations.

Fastned made significant progress in overcoming bottlenecks in the station development process:

• 60 new locations were added to our development pipeline during H1 2026.
• 68 building permits obtained, an increase of 89% compared with H1 2025.
• 36 stations were upgraded or expanded across the network.
• New Country Directors were appointed in France, Switzerland and Denmark to support the next phase of growth.

Growing customer engagement and commercial reach

Fastned’s commercial performance was supported by growth across both private and professional customer segments.

The number of Gold Members doubled from approximately 5,000 to 10,000 during H1 2026. Gold is Fastned’s monthly subscription offering, providing regular users with a 30% discount on charging.

Fastned introduced a physical B2B charge card with more than 36 fleets onboarded to date, and expanded roaming access through third-party platforms and collaborations including ChargeLeague. These developments broaden access to Fastned’s network and support demand from professional and fleet customers alongside private drivers.

Network reliability remained high, with uptime of 99.3% during the period. Reliability remains an essential element of Fastned’s customer proposition and is a key reason drivers return to Fastned’s stations.

Equity, bonds, institutional funding: three pillars for sustainable growth

During H1 2026, Fastned further diversified its funding structure by establishing bank financing as a formal third pillar alongside its Euronext Amsterdam listing and retail bond programme.

In January 2026, Fastned closed a green loan facility of up to €200 million from a syndicate comprising ABN AMRO, Crédit Agricole, ING, Invest-NL and Rabobank. An initial €100 million of committed capital has been allocated to fund station rollout in Belgium and Switzerland over a three-year availability period, with an option for a further €100 million to support expansion in other Fastned markets.This facility provides Fastned with access to institutional debt markets on terms that reflect the growing scale and maturity of its business.

Fastned also completed two retail bond campaigns during the first half of 2026. The first campaign, which closed in March 2026, raised €32.4 million and represented the 20th tranche in the company’s retail bond programme. The second campaign closed on 21 June 2026 and raised €36.5 million, including €35.1 million in new investment, a record amount for a single Fastned bond campaign.

Together, the two campaigns raised approximately €69 million from individual investors in the Netherlands and Belgium. Total outstanding retail bonds reached €337 million, and more than 12,000 bondholders have now invested in Fastned.

Market Outlook

Europe’s shift to electric mobility continued to accelerate in the first half of 2026, despite persistent geopolitical uncertainty. New EU car registrations increased by 5.7% year-on-year, while battery-electric vehicles reached a 20.7% market share, up from 15.6% in H1 2025. Some of Europe’s largest markets recorded particularly strong BEV growth, including France (up 62.9%), Germany, (up 48%), and Denmark (up 41.2%).

In total, over 1.2 million new battery-electric cars were registered across the EU in H1 2026. Across the EU, EFTA and the UK, market share rose from 17.5% in H1 2025 to 22.2% in H1 2026.

In contrast, petrol and diesel vehicles together fell to 29.9% of new registrations, down from 37.8% a year earlier.

Guidance updated: operational EBITDA margin to ~45%

In Fastned’s Q4 2025 Update the company communicated the following guidance for the full year 2026:

• 70-100 new stations operational by year end
• Revenues of €350,000 to €400,000 per station (full-year average), and
• Operational EBITDA margin of 35–40%.

Now, based on these H1 results and the market outlook, Fastned is updating its FY 2026 guidance for operational EBITDA margin. Fastned now expects:

• Operational EBITDA margin of ~45% for FY 2026.

The guidance related to station rollout and average revenues per station remain unchanged. Full-year operational EBITDA will be confirmed in Fastned’s 2026 Annual Report.

Webcast and presentation

Fastned will host a webcast for analysts and investors on 13 August 2026 at 11:00 CET to discuss the H1 2026 trading update. The presentation will be available on Fastned’s website. A replay of the webcast will be made available on the company’s website after the event.

Funds raised will support Fastned's network expansion as sales of electric cars rose sharply during the first half of 2026. According to the European Alternative Fuels Observatory there are now over 11 million fully electric cars registered across the EU, UK and EFTA.   

Fastned’s network of fast charging stations spans nine countries, with 423 stations serving electric drivers across Europe. The company reported strong results for Q1 2026, generating €39.2 million in revenue related to charging (up 40% year-on-year and a new quarterly high for the company) and welcoming drivers for over 2.1 million charging sessions, delivering 55.6 GWh of renewable energy.

This tranche of retail bonds, which closed on Sunday 21 June 2026, was the 21st in Fastned's bond programme. Of the total €36.5m raised, €35.1m consisted of new investments - a Fastned record for a single round - while €1.4m came from long-standing supporters extending their investments from earlier tranches. This latest tranche brings the total outstanding amount of retail bonds to €337 million. 

To date, €45 million worth of bonds have been repaid by Fastned and €81 million worth of bonds have been extended by investors prior to reaching maturity, showing investors’ continued support for Fastned. More information on our bonds can be found on the Investor Relations page on Fastned’s website.

In January 2026 Fastned secured a bank financing facility of up to €200 million from a lending syndicate made up of ABN AMRO, Credit Agricole, ING, Invest-NL and Rabobank, initially supporting expansion in Belgium and Switzerland. In June the company officially opened the first ultra-rapid hub in London at Hatton Cross (close to Heathrow Airport) as part of its partnership with Places for London, the property company of Transport for London. 

In early June 2026 the company also welcomed partners, investors and friends for an evening of discussion and Q+A at Fastned Behind the Scenes. On 22 June 2026 Fastned confirmed its intention to create two new roles as it accelerates its path towards profitable growth: a Chief Commercial Officer and a Vice-President Technology. Fastned will publish its interim report (covering H1 2026) on 13 August 2026.

Both roles mark a decisive move to convert Fastned's growing network into sustainable commercial returns, while actively building the technological foundation that will define the next generation of fast-charging infrastructure. With nearly 15 years of unique expertise as a pure-play fast-charging operator, today Fastned is one of Europe's leading charging networks, active across 9 countries with more than half of its stations outside the Netherlands. Driven by a mission to accelerate the transition to electric mobility, the company has consistently grown faster than the European EV market, delivering a seamless charging experience built around the needs of EV drivers. 
With strategy defined, financing in place and operations scaling across multiple markets, Fastned is now increasing its focus on converting that network into sustainable commercial returns. These two new roles are a direct response to that ambition.

The CCO will join Fastned's Management Board, driving successful execution of the company's commercial strategy across all markets.The role spans the full commercial engine, from network positioning and pricing to growth, marketing and public affairs. With a clear mandate to drive Fastned's next phase of revenue growth, the CCO will further scale the company's fleet, membership and B2B propositions into a fully competitive offering across all markets.

The VP Technology will lead Fastned's full hardware and software landscape, setting the strategic direction on what to build, what to buy and what to integrate. As fast-charging becomes an increasingly technology-driven industry, this role will ensure Fastned's platform continues to deliver a best-in-class experience for drivers while strengthening the company's operational and commercial edge across its European network.

Fastned is actively recruiting for both roles and will provide further updates as appointments are confirmed. The formal appointment of the Chief Commercial Officer as a member of the Fastned Management Board will be subject to approval at an extraordinary Shareholder Meeting, which will be called in due course.

The Fastned and Places for London partnership has officially opened its first state-of-the-art ultra-rapid electric vehicle (EV) charging hub at Hatton Cross Underground station on Friday 12 June 2026, marking a major milestone for London’s green transport infrastructure. 

Launched by Seb Dance (Deputy Mayor for Transport), Mete Coban MBE (Deputy Mayor for Environment and Energy), and Andy Lord (London’s Transport Commissioner), alongside Fastned Co-founder and CEO Michiel Langezaal and Fastned UK Director Tom Hurst, the event also featured a zero-emission capable black cab, ambulance, and TfL van, showcasing the growing range of electric fleet capability now available. To celebrate the official opening, the new Hatton Cross charging hub will offer five days of free charging, from Monday 15 June to Friday 19 June 2026. Drivers just need to turn up, authorise their charge with their normal payment method and then enjoy free charging on Fastned.

The new EV hub, part of work to deliver on the Mayor’s manifesto target of up to 40,000 charge points in London by 2030, is the first of 25 planned to be delivered across London by the partnership, has been designed with accessibility and comfort in mind. It includes extra-wide bays and two fully accessible charging spaces in line with the latest British Standards Institution guidance, alongside weather protection provided by Fastned’s signature yellow solar canopies. The hub also has CCTV coverage throughout the site and 24/7 multilingual customer support, ensuring a safe, easy and enjoyable experience for all users. 

Open 24/7 and powered entirely by renewable energy, the hub features 12 ultra-rapid (400kW) charging bays, capable of delivering up to 100 miles (around 160 kilometres) of range in just five minutes. It is strategically located within easy access to Heathrow Airport, the M25, M4 and A30, making it a convenient stop for airport commuters, residents, taxi and private hire drivers, and business fleets.  

Many drivers, particularly in London, depend on public charging, with the UK having around 2 million battery electric vehicles on the roads now, and around 40 per cent of UK households lacking off-street parking. Designed for vehicles of all sizes, from cars and taxis to vans and smaller commercial vehicles, the hub helps tackle London’s space constraints, providing a welcome option where home or depot charging is not available.

The capital leads the way in EV uptake nationally, with more than 175,000 battery electric cars and vans already registered in the capital. EV numbers on the road in London are projected to reach to over 1 million by 2030, making up to 36 per cent of London's car and van fleet. This hub contributes directly to 2030 forecasts for EV infrastructure and marks a tipping point for London as over half of the high-powered chargers needed by the end of the decade have now been delivered.

The partnership aims to make ultra-fast charging more accessible by creating a city-wide network of hubs which are thoughtfully designed for all users, with planning already in place for a flagship 36-bay location at Hanger Lane and an 8-bay hub at East Finchley Underground station car park.

Three other sites are within the planning process across Newham, Haringey, and Barking and Dagenham, with a further seven sites due to be submitted for borough review by the end of the year. Alongside accessible charging, every site will also deliver community benefits, with a share of revenue supporting local projects and climate initiatives. The partnership is also dedicated to tackling the growing “green skills” gap, providing apprenticeships, work experience placements, and employment opportunities to help upskill Londoners and secure the future of the city’s green transition.  

About Places for London

Places for London is the dedicated commercial property arm of Transport for London (TfL). Operating with independent financing, it focuses on developing residential and commercial spaces where people are proud to live and work. As a long-term steward, its strategy prioritises inclusive partnerships and community engagement.

The company addresses London’s critical needs by delivering affordable housing, new workspaces, and retail environments, while supporting urban sustainability through green building practices and rapid EV charging hubs. All operating profits are returned to TfL as dividends to be reinvested into the city’s transport network.

Development is currently underway on sites across the capital to provide 4,900 new homes. More than 1,700 homes have already been completed, with 58 per cent classified as affordable housing.

Over drinks and a walking dinner, guests mingled and chatted with Fastned experts while enjoying presentations and Q+A sessions on topics ranging from charging technology to commercial growth.     

Fastned Co-founder and CEO Michiel Langezaal opened the evening with a recap of Fastned’s journey and key values, elaborating on our high-traffic location strategy, our unique vertically-integrated business model, and striving to give drivers the best charging experience available.

Following Michiel, interim CFO Remco Samuels looked back at 2025 and 2026 so far and gave insights into Fastned’s financial performance, station economics and funding potential. Remco also updated guests on Fastned’s increasing push towards station amenities such as retail facilities and toilets, as well as expanding on the company’s strategic priorities for the rest of 2026. 

Guests then rotated between four informal break-out sessions, each hosted by Fastned experts and focusing on a specific aspect of Fastned’s business. 

Luc Bronk (Senior Partnerships Manager) and Seth van Roemberg (Lead Technology Solutions) presented a talk on charging technology, giving explainers on Fastned’s newly-launched 1000 kW charger and trials of battery storage, while showing how our unique in-house charger management system allows us to maintain over 99% uptime. 

Caroline Hoefsloot (Director of Marketing and Communications) and Albert den Boogert (Director of Growth) discussed how Fastned’s brand visibility and commercial offering has grown along with the business, and are helping us reach millions of drivers every day. 

Roland van der Put (Head of Energy Management) spoke about energy sourcing, showing how we find the best balance between solar and wind energy and giving examples of the sustainable, long-term contracts which are essential for our growth. Patricia Allam (Head of Funding and Investor Relations) gave a deep-dive on the company’s finances, covering cost engine optimisations and our diversifying funding base. All Fastned speakers mingled and took further questions from guests throughout the evening. 

Over nearly 15 years, Fastned has grown from an ambitious independent start-up into a European leader in fast charging, with more than 400 locations across 9 countries powering almost 7 million charging sessions to drivers in 2025 - and we’re on track to beat that in 2026. 

This progress would not be possible without the support and belief of our community in our home country and largest national market. Fastned extends its thanks to everyone who joined us for this event, and is proud to bring this community together in support of the transition to electric mobility. 

Jérôme Janssen (46) is Co-Head of Infrastructure Equity Investments at Schroders Capital, a role he has held since January 2019. Prior to this, he led infrastructure investments at Crédit Agricole Assurances, a leading European institutional investor.

In addition to his role at Schroders Capital, Jérôme is a board member of BelEnergia SA, a European renewable energy group that develops and operates solar, wind and biowaste projects, and of Autobahnplus A8 GmbH, the private concession holder of the A8 motorway section between Munich and Augsburg.

He previously held several non-executive board positions at major European infrastructure companies, including Indigo (Europe's leading car park operator), CLH (oil logistics leader in Spain), TDF (French media and telecom infrastructure operator), Téréga (gas transport and storage operator in France) and Aéroports de Lyon.

With his in-depth knowledge of infrastructure investments and his broad experience across the European energy sector, Jérôme makes a strong contribution in the Fastned's supervisory board. He looks forward to contributing to Fastned's continued growth and international expansion, in line with its mission to accelerate the transition to sustainable mobility.

Issue documentation can be found on Fastned’s dedicated bonds page, and further investor information can be found on the Investor Relations page on the Fastned website. 

Investments will contribute to growing Fastned’s network of fast-charging stations across new and existing markets, providing fast charging services to capitalise on the recently accelerated growth in EV sales across Europe and the continued support of national and European authorities for comprehensive fast charging infrastructure. 

The Fastned network currently comprises 418 stations in nine countries, with over 180 fast charging stations in the Netherlands and over 50 in Belgium, including the largest Fastned location to date at Gentbrugge. To further strengthen these networks Fastned has a stable development pipeline in each country, with 34 locations secured for future development in Belgium and 34 secured in the Netherlands (at end of Q1 2026) as the company continues to scale.

Fastned’s Q1 2026 Update (published 16 April 2026) reported year-on-year growth of 40% in revenue related to charging for the quarter and a 28% increase in total charging sessions to 2.1 million while reiterating its full-year guidance for 2026. The company also reported a new green loan facility of up to €200 million with a consortium of leading European banks and lenders as well as newly-opened stations in Denmark, France, Italy and the United Kingdom.

Fastned’s first bond issue of 2026 closed on 10 March 2026. Of the total €32.4 million raised, €30m consisted of new investments while over €2m came from long-standing supporters extending their investments from earlier tranches. In 2025 Fastned raised a combined total of over €110 million across three rounds of bonds; in 2024 the total was over €82 million, also across three rounds. 

To date €45 million worth of bonds have been repaid by Fastned and €79 million worth of bonds have been extended by investors prior to reaching maturity, demonstrating consistent investor support.

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 and on Fastned’s website.

Fastned Gentbrugge North and South opened in September 2025 and are our largest locations to date. These locations showcase an emissions-free vision of what EV fast charging can look like, with fast charging for cars and trucks alongside a restaurant, 24/7 self-service shop, outdoor play area, picnic tables and well-maintained toilets and showers.

The retail areas (meaning the shop and restaurant) have been nominated in the ‘sustainable commercial building’ category, alongside 4 other finalists. One winner will be determined by a distinguished jury, and the other will be chosen by a public vote with winners to be announced in June 2026. Last year over 300,000 votes were cast for the Public Choice Award.

We asked Max Boerman, Product Owner Retail Design, to tell us what makes Fastned Gentbrugge’s shop and restaurant so special.

Hi Max, congratulations to you and your team on the nomination! What is so unique about Fastned Gentbrugge, and what makes its shop and restaurant stand out?

Think of a typical highway stop: it’s dark, cramped, full of advertisements and maybe not smelling great. Then step into Fastned Gentbrugge - the difference is enormous. 

Every element used is inspired by nature: the timber structure and green roof that you see the moment you arrive, the large windows that bring natural light into the interior, and the greenery that surrounds the building. The facade opens towards the picnic area and the trees rather than the highway - and we even reused the soil from the groundworks to create sheltering hills around the site. These aren't just aesthetic choices. They're about giving people a genuinely calm, welcoming place to stop and charge, in a place you actually want to be.

The Architizer A+Awards nomination is in the ‘sustainable commercial building’ category. How have you made Gentbrugge sustainable?

From the start, we wanted to push sustainability beyond what's standard. The whole site operates with zero emissions, but we wanted to find new ways to innovate in design and construction. I’m especially proud of what we did to reduce our use of concrete in construction. Instead of a standard concrete slab on the ground floor - which most timber buildings use - we used a layer of seashells to achieve stability without any concrete at all. Where we do use concrete, for example in the column footings, it’s recycled. 

At every stage, we are selective about who we work with and we choose the best partners and contractors to find solutions that go well beyond what is standard, and really find new ways to build beautifully and sustainably.

We often speak about our nature-inspired and human-centric design - can you show us an example of this inside the building?

Just look up! Most retail areas have big air conditioning pipes hanging overhead, or a fake ceiling to hide all the equipment. We wanted to avoid this industrial, cold feel to the building, so we built everything within the walls, with ventilation grills blowing air in from the sides. It adds some complexity to the structure, but the result is a clean, calm ceiling that enhances the feeling of space and relaxation. 

Ten air conditioning units overhead would have completely destroyed that feeling of being surrounded by nature, and made it just another retail space. We want to do better than that: bring that spacious human touch that really makes buildings feel special.

What does a project like Gentbrugge mean for the future of Fastned retail?

Gentbrugge is a flagship: an ambitious vision to show what’s possible. We can’t replicate this everywhere because most sites aren’t as big as these ones! 

We’re rolling out smaller modular retail facilities, keeping what matters most: the human-centric approach and the nature-inspired feel.  All the learnings from Gentbrugge carried forward into something we can begin to scale more widely, but that still feels special when you walk in.

So does that mean we will we see more shops and restaurants across Fastned's network?

Definitely. Fast charging is our core business and always will be. But we want customers to know that when they come to Fastned, there's a good place to rest, use the toilets, and get a decent coffee. If there's something nearby already, that’s great - but if there's nothing, we'll provide it.

Maybe that will be a full shop and restaurant like Gentbrugge, or maybe a smaller self-service kiosk with good coffee, snacks and a clean toilet. We want every driver to know that whenever you stop at Fastned, your needs are taken care of.

What is the impact of architecture and design on Fastned's mission to accelerate the transition to electric mobility?

I hope Gentbrugge shows people what the charging experience can actually be: calm, pleasant, in a beautiful location where people want to spend time. We’ve even seen people driving combustion engine cars stopping here, just because they loved the feeling of the place. We don’t sell petrol, so these drivers are coming just to spend time in a place they like. That shows the impact we can have. 

Design and architecture have a real role to play in making the transition accessible to everyone, and showing people that going electric isn't a compromise. It can mean a genuinely better experience, good for people and good for the planet.

How can people learn more?

There’s more about our nomination here and you can read all about Fastned Gentbrugge in this article. 

And of course - don’t forget to vote for Gentbrugge to win in the sustainable commercial building category at the Architizer website until May 15 - we'd really appreciate your support! 

The Architizer A+Awards is the largest awards program focused on promoting and celebrating the year’s best architecture. Its mission is to nurture the appreciation of meaningful design in the world and champion its potential for a positive impact on everyday life.

This reflects consistent and strengthening growth on the back of a once-again accelerating European EV market, with almost 9 million electric vehicles now registered in Fastned’s nine active markets. EV market share was up 16% year-on-year across Europe in January and February, with early data indicating significant further increases in March. 

Fastned opened 8 new stations on its network during Q1 2026 across Denmark, Italy, France and the United Kingdom, while 4 more stations were expanded or upgraded during the quarter. At the end of Q1 2026 the Fastned network extended to 414 fast charging stations across Europe.

Rising charging revenue and station economics

Fastned's annualised revenue per station of €387,000 in Q1 2026 (compared with €325,000 in Q1 2025) continues the company's efficiency trajectory, supported by organic growth in charging demand as the European EV fleet expands with strong momentum. Gross profit increased 63% year-on-year to €32.1m, reflecting an increase in the prices of e-credits.

The company also announced that Victor van Dijk has been appointed to a newly-created role of VP Strategy after serving as CFO of Fastned since 2019. This reflects the progression of the business; having crossed the €100 million annual revenue mark for the first time in 2025 (confirmed in Fastned's Annual Report 2025) and with a diversified, three-pillar funding structure now in place, Fastned is entering a new phase in which Victor will bring his finance perspective on shaping Fastned's long-term vision and capabilities, setting priorities for the organisation and continuing to develop the associated equity story.

Until the role is permanently filled, Remco Samuels will serve as Interim CFO of Fastned. Remco brings extensive finance and industry leadership experience, having led EVBox as CEO, and following several finance leadership positions at Engie. Remco also knows Fastned well, having been part of Fastned’s finance department for the last six months.

Bank financing becomes third pillar of funding

In January 2026, Fastned secured a €200 million green loan facility from a lending syndicate of ABN AMRO, CreditAgricole, ING, Invest-NL and Rabobank, marking the first time the company has established bank financing as a source of funding.

An initial €100 million has been committed to fund new charging stations in Belgium and Switzerland, with an option for a further €100 million to support expansion into other Fastned markets.

This facility adds a third pillar to Fastned's funding structure, alongside its retail bond programme and equity listing. Adding long‑term bank financing as a third pillar allows Fastned to further diversify its funding and increase flexibility in how growth is financed across Fastned’s international network.

The company also raised over €32m in the latest tranche of retail bonds, which closed in March 2026. This followed bond issues totalling over €100m in 2025 and €80m in 2024. Since 2017, Fastned has raised over €300 million to fund its expansion through its bond programme, supported by more than 10,000 individual investors. 

Fastned has now raised over €740 million in total funding, including retail bonds. Together, these three pillars of funding give Fastned one of the most resilient and diversified capital structures among European fast charging companies, reducing dependency on any single funding channel and providing long-term visibility for the company's growth plans. 

New in-country leadership for Denmark, France and Switzerland

In Q1 Fastned continued building its in-country teams with the appointment of three new Country Directors across the network. 

Jesper Krüger Søndergaard has taken the role in Denmark, Sarah Wodehouse is Fastned’s new leader in France, and Christine Zingg-Graf will lead the team in Switzerland.

These appointments reflect Fastned’s next step in Europe: accelerating in market execution and strengthening local decision-making to secure the locations and partnerships that will shape long term market positions in fast charging. 

German court rules in Fastned’s favour: EV charging is its own separate industry and locations must go out to tender

On 6 March 2026, the Oberlandesgericht Düsseldorf ruled in favour of Fastned in a procurement review case against Die Autobahn GmbH des Bundes. The ruling confirms that fast charging is its own unique industry, and access to motorway charging locations must be awarded through open and transparent tendering procedures - a principle Fastned has advocated and fought for since the company’s foundation. 

This principle, previously confirmed in the Netherlands, has now been reinforced at the highest level in Germany, showing how increasing market access in one country can influence progress across the wider EU. As demand for fast charging continues to grow, open and competitive access to prime highway locations remains a critical determinant of the quality of charging infrastructure available to European drivers. 

EV adoption accelerating in key markets

The shift away from fossil fuel cars in Europe is accelerating. In January and February 2026, battery-electric vehicles represented 19.6% of all new car sales across the EU, EFTA and UK - up 16% from  a year earlier. 

Over the same period, the combined market share of petrol and diesel cars fell from 37.5% to 30%. The market share gap between electric and fossil fuel car sales has narrowed from 20 percentage points to just 10.4 percentage points in a single year. 

Across the EU specifically, petrol car registrations fell by 23.3% year-on-year, with France recording a decline of 48.5%. Growth in battery-electric registrations was particularly strong in two of Fastned's key markets: France (+38.5% year-on-year) and Germany (+26.3%).

Energy price volatility driving EV momentum

Energy prices - and particularly prices at the petrol pump - rose sharply towards the end of Q1 2026 as a result of conflict in Iran and related supply issues, with petrol prices around Europe 15% higher in early April 2026 than they were in February 2026.  

While the situation is still evolving, these events are providing further momentum to the electric transition while highlighting the urgent need to decouple European mobility from imported fossil fuels, both for individual drivers and for Europe’s energy security and sovereignty. 

As a pure-play charging company delivering exclusively renewable electricity, Fastned’s exposure to the negative effects of this crisis is expected to be limited. While uncertainty and oil price volatility can be expected to continue in the short-to-medium term, Fastned expects that growing consumer familiarity with EVs, accelerated by the current oil price shock, will permanently expand the market for public fast charging.

Guidance for 2026 unchanged

Fastned reiterates its guidance for the full year 2026, as communicated in the company’s Q4 2025 Update: 

• 70-100 new stations operational by year end
• Revenues of €350,000 to €400,000 per station (full-year average), and
• Operational EBITDA margin of 35–40%.

Webcast and presentation

Fastned will host a webcast for analysts and investors on 16 April 2026 at 11:00 CET to discuss this Q1 2026 trading update. The presentation will be available on Fastned’s website and a replay will be made available on the website after the event. 

These appointments reflect Fastned’s next step in Europe: accelerating in market execution and strengthening local decision making to secure the locations and partnerships that will shape long term market positions in fast charging.

Scaling a connected European network: growth momentum and ambition

Fastned is rapidly scaling its European network and now operates over 400 fast charging stations across nine countries. The company’s long term ambition is to continue expanding across Europe towards a network of 1,000 large, scalable charging locations by 2030.
This growth in volume and footprint, also reflected in the recent 2025 Annual Report, has been delivered through a strategic and disciplined approach to securing crucial sites EV drivers need most, through a mix of competitive tenders and direct partnerships with landowners, developers and retailers. The new additions to the leadership team strengthen Fastned’s ability to turn ambition into delivery, prioritising the right corridors, building a robust pipeline and bringing high quality stations to market across three strategically important countries.

France: accelerating market leadership

France is already one of Fastned’s largest growth engines, with the company surpassing the 50 station milestone in 2025. Recent tender wins have further positioned Fastned at the forefront of France’s transition to fully electric service areas, combining high power chargers, high quality amenities and distinctive architecture to stand out from competitors and attract both EV drivers and real estate partners.

As part of this next phase, current Country Director France, Pierre Courgeon, will move into a new strategic role focused on reinforcing Fastned’s operational leadership, while continuing to support the development of the French business. Sarah Wodehouse will succeed him as Country Director France, marking the next step in Fastned’s strategy: moving from rapid rollout to sustained, market shaping scale.

A strategic transformation leader by background, with strong experience scaling operations and improving performance in complex mobility organisations, Sarah will strengthen local execution to accelerate delivery, deepen real estate partnerships and ensure capital is deployed where it drives the strongest long term economics.

Switzerland: strengthening a strategic market at the heart of Europe

Switzerland is a pivotal and fast evolving EV market in Fastned’s European network, both as a natural cross border corridor and as a country with a growing EV adoption. It connects EV drivers travelling between northern Europe, the Alps, Italy and the Mediterranean, while serving the everyday charging needs of Swiss drivers, from private car owners to heavy-duty vehicles. Its compact size makes it particularly well-suited for EV uptake, as shorter distances between urban agglomerations mean that a well-placed charging network can cover the entire country efficiently, lowering range anxiety and accelerating the transition to electric mobility. 
Fastned has been active in Switzerland for several years and holds one of the major concession packages awarded under the federal highway programme by ASTRA, giving the company long term rights to develop a broad set of high potential sites along key national routes. Building on this foundation, Fastned is expanding its Swiss network by combining motorway locations with strategically chosen sites near major cities and travel hubs.

With Christine Zingg-Graf as Country Director, the company is ready to drive the next stage of growth in this strategic cross border market. An experienced transformation leader with a strong corporate finance background and deep industry exposure across infrastructure, energy and clean tech, Christine will scale delivery, deepen partnerships and ensure Fastned’s expansion remains high quality, financially disciplined and built for long term value.

Denmark: winning ground in a high potential market

Denmark is a strategically important market for Fastned’s next phase of European growth: a highly advanced EV country where the pace of infrastructure rollout is high and where the strongest networks are being shaped now. As a frontrunner in the green transition, Denmark combines a strong national commitment to wind and solar power with customers who expect sustainable, future proof solutions. Fastned aims to build a coherent Danish network centred on key transport corridors and the largest urban areas, prioritising locations that support a high quality customer experience and sustainable long term economics. By offering customer driven fast charging powered by green electricity from renewable sources, Fastned seeks to complement Denmark’s leadership in clean technologies with a charging experience that is fast, intuitive and reliable for everyday drivers.

To build on this momentum in a competitive and high paced market, Fastned is appointing Jesper Krüger Soendergaard as Country Director to lead the next phase of expansion. A senior commercial leader with deep experience in the energy sector and a strong track record of delivering profitable growth and business transformation across Scandinavia, Jesper will drive a multi track growth approach, combining selective tenders with privately sourced locations and partnerships, to further expand Fastned’s presence across the country.

With these appointments, Fastned is reinforcing the local leadership needed to deliver on its European growth ambitions, turning a strong pipeline and strategy into more high quality stations on the ground for EV drivers across the continent.

Victor van Dijk, who has served as Chief Financial Officer since 2019, will transition into a newly created role as Vice President of Strategy and will resign as a Statutory Director and CFO from the Management Board, effective 26 March 2026. 

As VP Strategy, Victor will focus on shaping Fastned's long-term vision and capabilities, setting priorities to the organisation and developing our equity story. Victor will work closely with the Board and the wider leadership team to ensure that Fastned's strategy - spanning from network development and pricing to amenities and technology - is consistently anchored in strong financial and investment logic.

Recruiting a new CFO

Until the role is permanently filled, Remco Samuels will serve as Interim CFO of Fastned. Remco brings extensive finance and industry leadership experience, having led EVBox as CEO, and following several finance leadership positions at Engie. Remco also knows Fastned well, having been part of Fastned’s finance department for the last six months.

Fastned will immediately begin a search for a new CFO. The incoming CFO will be a seasoned finance executive with a strong track record in operational financial management, and will be focused on bringing Fastned to profitability, strengthening financial control frameworks and supporting the company's continued expansion across Europe.

This milestone reflects the continued expansion of Fastned's network and the sustained increase in demand for fast charging, alongside consistent growth in the number of fully electric cars on Europe’s roads, which now surpasses 10 million, with over 8.5 million in Fastned’s nine operational markets. 

Revenue, station economics, and costs
 

€100m+ boundary broken 

Revenue related to charging increased to €122.4 million: up 47% year-on-year (2024: €83.4m). In two years, Fastned has more than doubled its yearly charging revenue (2023: €60.5m). 

Operational EBITDA grew 34% to €43.6 million - demonstrating strong and improving unit economics as the network scales. This corresponds to an operational EBITDA margin of 36%, in line with the 2025 guidance range of 35-40%.

Gross profit related to charging increased by 41% to €96.2 million,  driven by strong volume growth coupled with higher gross profit margins per kWh. 

Revenue per station improved to €331,000  (2024: €270,000). As indicated in Fastned’s Q4 2025 update, this is in line with the guidance for 2025 of a full-year average of more than €325,000 per station per year. This demonstrates that existing stations are becoming more productive and increasingly profitable as the network scales.

Retail investor support

Over €110 million was raised to support expansion in 2025 through the company’s bond programme. Across three tranches, Fastned’s retail investor community raised €36.5 million (February), €34.7 million (June), and €39.1 million (November) to support expansion - with the latter being Fastned's most successful single bond issue to date. 

This funding from thousands of individual retail investors demonstrates confidence in the business model for EV fast charging and in Fastned's strategy and growth plans. Following a further round in early 2026, total outstanding retail bonds now exceed €301 million.

Scaling with discipline

Network operation costs were €52.5 million (+47% vs 2024), in line with network expansion and activity. Network expansion costs increased to €33.9 million (+48% vs 2024), reflecting continued investment in new stations and capacity. Underlying company EBITDA was €8.3 million, indicating a balance between improved operations and deliberate investment in expansion.

Expansion at scale

A European network: 9 countries and counting

Fastned’s mission is to accelerate the transition to e-mobility all over Europe. For the first time, more Fastned stations are now located outside the Netherlands (222 locations) than inside (184 locations). This represents the company’s transformation from a domestic company with international operations to a continental leader in fast charging.

At year-end 2025, Fastned operated 406 fast charging stations across nine countries: up from 346 stations across seven countries at the end of 2024.

New markets and milestones

• The company added 60 new operational stations in 2025 (vs. 50 in 2024).
• The company secured 94 new sites in its development pipeline for a year-end total of 663 secured locations  (including 406 operational stations) - nearly two-thirds of the locations required to achieve its target of 1000 stations.
• Fastned brought stations to two new countries: Italy (in February at Truck Park Brescia Est, on the busy A4 Brescia-Verona freight corridor) and Spain (October on the C-32 corridor south of Barcelona).
• The first Fastned station directly on Germany's Autobahn opened in July at Neufelder Heide-Süd).
• Milestones were hit across the network: Belgium and Germany both surpassed 50 operational stations, ending 2025 at 52 and 54 stations respectively. France reached 50 stations in July 2025, ending the year at 59.
   

Station upgrades and capacity expansion

As well as 60 new stations opening in 2025, 35 existing stations were expanded, upgraded or redeveloped, reflecting a strategy to increase density and utilisation at our highest-performing locations.

Retail, trucks, and flagships

In 2025 Fastned continued adding kiosks, shops and toilets to selected stations throughout the network. As the EV market matures, drivers increasingly need more than just reliable fast charging; they need a drink, good food to eat, and a restroom break during a long journey. Fastned will continue to develop its retail concept throughout 2026.

Heavy-duty vehicles account for approximately 25% of Europe's road transport emissions. To accelerate the transition for trucks too, Fastned has deployed 400 kW truck chargers with dedicated lanes for large heavy-duty vehicles at various stations across our network. 

These facilities came together in two new flagship stations in Gentbrugge, Belgium: each an all-electric service area operating with zero emissions, opened in September 2025. These are Fastned's largest stations to date, serving both sides of a busy highway and providing car and truck charging alongside a 350+ capacity restaurant, a self-service shop open 24/7, safe outdoor play area, and clean toilets and showers. 

Usage and impact

• Energy delivered across the network increased 30% year-on-year to 183.0 GWh.
• Charging sessions grew 26% to 6.8 million.
• Fastned powered 914.8 million electric kilometres and avoided 165.9 kilotonnes of CO₂ equivalent.
• Europe's EV fleet surpassed 10 million vehicles in 2025; registrations of new EVs rose nearly 30% year-on-year across the EU. 

Innovation, Technology & Advocacy

Addressing Europe's grid bottleneck

Grid capacity remains the single biggest constraint on fast-charging deployment across Europe and requires urgent attention to complete the transition to electric mobility. Fastned is contributing to solutions with Battery Energy Storage System (BESS) pilots, introduced at multiple stations in 2025 and into 2026. These BESS installations are designed to support high‑power charging where grid connections alone would not be sufficient, and to provide more flexibility and stability as demand grows with increased EV uptake.

In 2025 Fastned also piloted a new one megawatt-class charger (the Alpitronic HYC 1000) at Aalscholver in the Netherlands, learning more about how the next generation of EV infrastructure behaves in the field.

Large-scale charging deployment will require coordinated investment in electricity infrastructure at national and European level. As an industry leader whose business depends on grid availability, Fastned advocates at EU and national level for grid modernisation as critical to the transport transition.

Industry leadership: making the case for the transition

In 2025 Fastned strengthened its role as an influential force in European EV charging through multiple leadership and advocacy initiatives:

• ChargeUp Europe: CEO Michiel Langezaal was elected President of ChargeUp Europe and began his term in early 2025. He brings long-standing expertise and independent operator perspectives to the group, including in the European Commission's Strategic Automotive Dialogue meeting with Commission President Ursula von der Leyen in March.
• ChargeLeague: Along with three other leading charging companies, Fastned co-founded ChargeLeague to align industry standards and accelerate sector development, with the aim of providing the simplest and most accessible experience for every EV driver in Europe.
• Green Industrial Grids Association (GIGA): Matt Ersin, Fastned Director of Government & Public Affairs, was elected as the first Chair of the newly-founded group GIGA, advocating for fundamental grid modernisation as a critical enabler of fast-charging growth.
• EU policy: European Climate Commissioner Wopke Hoekstra visited Fastned's Gentbrugge station in 2025, reflecting fast charging's growing role in EU climate and industrial policy discussions. 

Funds raised will support Fastned's accelerated network expansion as the number of EV drivers continues to grow rapidly, with over 10 million fully electric cars on European roads today.  

Fastned’s network currently spans nine countries, with 410 stations serving electric drivers across Europe. The company reported record quarterly results for Q4 2025, with €38.1 million in revenue related to charging (up 44% year-on-year) while delivering 54.8 GWh of energy to drivers over more than 2 million charging sessions. 

Fastned also recently secured a new bank financing facility of up to €200 million from a lending syndicate made up of ABN AMRO, CreditAgricole, ING, Invest-NL and Rabobank, initially supporting expansion in Belgium and Switzerland. 

This tranche of retail bonds, which closed on Tuesday 10 March 2026, was the 20th in Fastned's bond programme. Of the total €32.4 million raised in this round, €30m consisted of new investments, while over €2m came from long-standing supporters extending their investments from earlier tranches. 

This latest tranche brings the total outstanding amount of retail bonds to more than €301 million. To date, €45 million worth of bonds have been repaid by Fastned and €79 million worth of bonds have been extended by investors prior to reaching maturity, showing investors’ continued support for Fastned. 

More information on our bonds can be found on the Investor Relations page on Fastned’s website.

On 6 March 2026, a German court (the Higher Regional Court of Düsseldorf) ruled that charging and fuel are separate markets and require separate, competitive tendering. This ruling marked the end of Fastned's long-running claim against Autobahn GmbH concerning the extension of fuel concessions awarded to Tank & Rast, Germany's largest operator of motorway service areas.

This is a significant principle: it means that fast charging infrastructure at motorway service areas in Germany cannot be awarded as a simple add-on to existing petrol station contracts. 

From now on, if a player wants to install EV charging services at an existing motorway service area in Germany, they’ll have to put these services out to tender, allowing competitors like Fastned to bid for them.

This ruling invalidates the existing ‘exclusive’ agreements that previously gave Tank & Rast control of EV fast charging at around 360 motorway locations. This gives both new and established players the chance to bring more EV charging services to the market - which is good for the electric driver.

Why does this matter?

Motorway service areas are where fast charging is most crucial, and there is an ever-increasing need for better quality charging infrastructure on German highways. 

Fastned brought a case against Autobahn GmbH to challenge extensions to the fuel concessions which had been granted to Tank & Rast, a private company that operates almost all motorway service areas in Germany. Today Tank & Rast controls around 90% of German motorway service areas, and under the original agreement, would have controlled all fast charging services at those areas too.

And that's a problem: it means one single company would be making the big decisions on infrastructure investment, quality, and pricing - essentially eliminating free competition. This would be bad news for drivers, and would slow the wider EV transition in Germany. 

Why did Fastned take up this case?

Simply put: because we believe in fair competition and providing the best charging experience to every electric driver. 

Previously, we were excluded from doing this at many serviced rest areas on German highways - prime locations for EV charging. Tank & Rast's exclusive arrangement meant we (and every other charging operator) couldn't bid for Germany's most strategically important locations.

The case took four years and a huge amount of work from our team in Germany. We pursued it because we're building a pan-European charging network for the long term, and this requires fair market access, in Germany and across the continent. 

So what does this ruling change?

The Court said that EV charging networks require specialist expertise and fair competition, and that multiple operators must be able to compete for these locations through competitive tenders - bringing faster rollout, better service, and real choice for EV drivers.

• Germany's motorway fast-charging will now be opened to competitive tendering.
• Multiple operators (including Fastned) can bid to build and operate charging infrastructure.
• Competition will drive faster infrastructure development and better service for drivers.
• A legal principle has been clearly established: charging networks cannot be bundled with other services to lock out competitors. 

What does it mean for Fastned, and what happens now?

The previous monopoly arrangement excluded us (and other EV charging companies) from Germany's largest motorway network. With our success in this case, Fastned can now participate in competitive bids for hundreds of potential motorway locations which were previously not available to us. This opens up new possibilities for our network in Germany, which already extends to over 50 stations around the country. 

This ruling also validates our long-standing principle that EV charging is a standalone service requiring dedicated expertise - it’s not just an ‘add-on’ to petrol station re-fueling. This principle sets a template for competitive tendering across Europe.

The next step will be for Autobahn GmbH to design and launch a competitive tender process (likely later in 2026). Fastned’s team in Germany will soon begin preparing a comprehensive bid to operate charging infrastructure at these locations - aiming to bring more Fastned stations to German highways over the coming years. 

Women today make up more than 42% of the Fastned workforce. On the road to its ambition of 50% representation by 2030, the company is seeing women take on increasingly central roles in defining its future: leading country organisations, developing the charging network, and driving core technical and commercial innovation.

From percentages to people
This shift extends beyond the office and into roles where female representation has historically been low.
In the construction pillar, where the wider market sees women in only around 10% of roles, they now comprise nearly 34% of Fastned’s team. The contrast is even stronger in software engineering: while the industry average sits at 11%, Fastned has reached 24.5% female representation, more than double the market standard.
These figures reflect a deliberate strategy to hire and promote women into the heart of the business. 
Caro De Brouwer, Network Development Director, sees the impact of this approach firsthand.

Leadership that reflects the company
This evolution is mirrored in Fastned’s leadership. Women currently hold approximately one third of positions on the Executive Team, one third of the Management Board, half of the seats on the Supervisory Board, which is chaired by a woman, and one third of the FAST shareholders’ foundation board. For several years, Fastned has maintained a formal target of at least 30% female representation in these key governance bodies and is committed to sustaining and building on that level.
For Françoise Poggi, Chief Operations Officer, this progress reflects a culture where women are valued for who they are, and where leadership mirrors the world Fastned serves.

Fastned’s commitment to inclusive leadership has earned external recognition, including a Deloitte award for diverse and inclusive leadership and B Corp certification, reflecting high standards in governance, people and environmental impact.

Turning ambition into action
Fastned’s progress stems from a series of practical, structural choices rather than any single initiative. Clear expectations for female representation in leadership set the direction, while regular reviews of pay and people policies ensure that compensation, parental leave and flexibility support equal opportunity for all. Furthermore, the company has made salary frameworks and career paths more transparent to facilitate growth. Fastned also places strong emphasis on engaging men as part of this change, building awareness and inviting them to actively support gender equality in their teams, from running inclusive hiring and development conversations to speaking up when they see bias. The goal is to ensure everyone can grow, and that women can thrive without having to change who they are to fit in.

Fastned’s commitment also extends beyond its own walls. Recently, the company became a founding partner of Global Women in EV Day. Although, based in the UK, this is a global, annual moment to celebrate, elevate and empower women. By supporting this initiative, Fastned aims to help build a stronger pipeline of women entering and growing within the wider electric mobility sector.

Looking ahead
Today, women at Fastned lead markets, develop the network and build the critical systems that power European electric mobility. The next step is to make this level of representation the norm both in our industry and beyond.
Over time, Fastned has observed that teams with a mix of genders, nationalities and backgrounds tend to bring a wider range of perspectives, challenge assumptions earlier and reach more balanced decisions, particularly in complex infrastructure projects and cross-border operations. Passing 42% female representation demonstrates that setting clear expectations, reviewing practices and listening to employees can fundamentally shift who gets to shape the energy transition. Now, the focus is on sustaining this progress and making it the norm across the organisation.

Issue documentation can be found on Fastned’s dedicated bonds page, while further investor information can be found on the Investor Relations page on our website. 

Investments will contribute to growing Fastned’s network of fast-charging stations across new and existing markets, capitalising on the strong growth in EV sales across Europe and the support of national and European authorities for comprehensive charging infrastructure. 

The Fastned network currently comprises 410 stations in nine countries, with over 180 stations currently operational in the Netherlands and over 50 stations in Belgium, including the largest Fastned station to date at Gentbrugge. In addition to these open stations, Fastned has a development pipeline in each country with 29 locations secured for future development in Belgium and 32 locations secured in the Netherlands (as of end of 2025) as part of the company’s aim to reach 1000 stations by 2030.

Fastned’s Q4 2025 Update (published 15 January 2026) reported year-on-year growth of 44% in revenue related to charging for the quarter and a 25% increase in total charging sessions to over two million. 

The company also recently secured a new green loan facility of up to €200 million with a consortium of leading European banks and lenders, with initial committed capital of €100 million earmarked for network development in Belgium and Switzerland. 

In 2025 Fastned raised a combined total of over €110 million across three rounds of bonds. In 2024 Fastned raised a total of over €82 million from bond issues over three separate rounds. To date, €45 million worth of bonds have been repaid by Fastned and €77 million worth of bonds have been extended by investors prior to reaching maturity, showing investors’ continued support for Fastned.

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 and on Fastned’s website.

Today, Fastned, a leading European fast‑charging company, has secured up to €200 million in new green financing from ABN AMRO, CreditAgricole, ING, Invest-NL and Rabobank to accelerate the expansion of its network of fast charging stations across Europe.

This new green loan facility consists of an initial €100 million of committed capital to fund station rollout in Belgium and Switzerland over the next three years. 

In addition, there is an uncommitted accordion option of an extra €100 million for expansion to other countries. The facility will support the rollout of Fastned stations, expansions and capacity upgrades to existing locations (including further rollout of Fastned retail facilities) and the acquisition of new locations for development.

The finance structure is initially based on Belgium and Switzerland only, on a non-recourse basis to Fastned B.V. The tenor of the loan is 5 years with 3-year availability and an interest rate somewhat lower than the retail bonds. 

The facility marks the start of a funding platform that can be expanded internationally as well as within the existing countries, supporting the company’s growth ambitions in 2026 and beyond. By doing so it strengthens Fastned’s position as a leading European charging company.

Secure foundations for Fastned’s European network

This facility represents a third pillar of financing for Fastned, alongside its ongoing retail bond programme and its equity listing on Euronext Amsterdam. Adding long‑term bank financing as a third pillar allows Fastned to further diversify its funding. Gaining access to this deep and well-established debt market increases flexibility in how growth is financed across Fastned’s fast-growing international network. 

Since its founding in 2012, Fastned has raised over €740 million in total funding (including retail bonds), making it one of the best-funded charging companies in Europe. 

The transaction is supported by consistently high utilisation levels at Fastned stations and industry-leading financial performance (full details for 2025 will be published in Fastned’s Annual Report on 19 March 2026). Operational performance is driven by Fastned’s unique focus on high traffic locations only, where large stations can charge hundreds of cars per day with Fastned’s best-in-class charging concept. 

Fastned’s network now extends to over 400 charging stations across nine European countries, with charging-related revenue growth of over 40% year-on-year. Fastned’s recent Q4 Update reported 54.8 GWh of energy sold across more than 2 million charging sessions in Q4 2025; new records for the company, alongside the all-time quarterly high in revenue related to charging. 

Alongside global banks ABN AMRO Bank N.V., Coöperatieve Rabobank U.A., Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and Invest-NL Capital N.V., the transaction was supported by ING Debt & Capital Advisory acting as Fastned’s exclusive financial advisor. A&O Shearman acted as legal advisor to the borrower and Clifford Chance acted as legal advisor to the lenders.

The company delivered 54.8 GWh of energy to electric drivers over more than 2 million charging sessions, powering over 273m kilometres of emissions-free driving. These figures mark record quarterly highs for the company.

The company also raised €39 million through its most recent retail bond campaign - the third round in 2025. In total Fastned attracted approximately €110 million through its bond programme in 2025, compared to approximately €82 million raised in 2024 (also across three rounds).

Fastned opened 26 new charging stations during Q4 2025 with locations arriving in Belgium, France, Germany, the Netherlands, Switzerland and the UK, as well as the inauguration of the company’s first station in Spain. At the end of 2025 there were 406 Fastned stations open to drivers in nine countries across Europe.

Delivering on guidance for 2025 

Fastned set the following guidance for 2025:

• 400 to 425 stations operational by year end
• More than €325,000 revenues per station (full year average)
• 35% to 40% Operational EBITDA margin (full year average)

With 406 stations at year end and an approximate revenue per station of €335,000, Fastned has delivered on the first two elements of its guidance for 2025. For the third element, operational EBITDA, we reiterate our guidance for a margin of 35-40%; verified figures will be available in our Annual Report 2025, scheduled for publication on 19 March 2026. 

Outlook and guidance for 2026

Based on its secured pipeline and increased organisational capacity, Fastned sets its guidance to:

• 476 to 506 stations operational by the end of 2026 (70-100 new stations)
• Revenues of €350k-400k per station (full year average)
• 35-40% operational EBITDA

Fastned is on track towards its ambition of operating 1,000 stations by 2030, while continuing to grow revenue per station and operational EBITDA as utilisation increases and the fast charging market matures in line with rapidly growing EV sales.

Expansions and upgrades on the road to 1000 stations by 2030

In addition to new openings, Fastned significantly increased capacity at existing locations through expansions, repowering and higher-power upgrades. Alongside 26 new stations in Q4, 35 existing stations (in six countries) were expanded, redeveloped or upgraded. 

During the busy holiday season, occupancy and utilisation of our stations increased dramatically. These continuous upgrades and expansions enable Fastned to serve more drivers at peak times when the need is greatest, and ensure we maintain our premium driver experience even during periods of heavy traffic at our locations.

Fastned also strengthened its development pipeline and continued acquiring high-value locations at pace. At the end of 2025, the company had secured 663 locations for development, supporting Fastned’s long-term ambition to build 1,000 stations by 2030.

Record year driven by accelerating EV adoption

Fastned’s record Q4 and full-year results were driven by continued growth in the battery electric vehicle (BEV) fleet across its markets. In 2025, BEV registrations in Europe again grew strongly, with some markets ending the year with EV shares of new car sales around 35%.

With recent clarifications and amendments to the EU’s Roadmap to 2035 now completed, Fastned’s view is that the core direction of travel for European mobility has not changed, and policy has already done much of its job by catalysing scale. Economics is now driving the market: from lower battery costs to better total cost of ownership for drivers, the shift to electric mobility is now irreversible.

Around the organisation

Fastned inaugurated its first station in Spain, marking the company’s entry into its ninth operational market and extending the network into a key growth region in Southern Europe. The inauguration was attended by Spanish Minister of Industry Jordi Hereu alongside other local dignitaries and partners, with Fastned CEO Michiel Langezaal also attending.

• Both Belgium and Germany celebrated their 50th Fastned stations during Q4, deepening our networks and making electric driving easier and more convenient throughout these countries.
   
• In France, Fastned successfully won a tender for the country’s first all-electric service area, at Aire de Saint Yvi. Inspired by our flagship all-electric service area in Gentbrugge, Belgium, this station advances Fastned’s vision of highway service areas with fast charging, great facilities, and no fossil fuels anywhere. 
   
• Fastned has begun piloting the fastest EV charger in the Netherlands, with a new 1000kW charger installed in Aalscholver and available for use. This charger can deliver power at nearly 100 times the speed of ordinary on-street charging. This initial pilot will be used to gather data and evaluate suitability for further rollout across our network. 

Webcast and presentation

Fastned will host a webcast for analysts and investors on 15 January 2026 at 11:00 CET to discuss the Q4 2025 trading update. The presentation will be available on Fastned’s website. A replay of the webcast will be made available on the company’s website after the event.

Fastned, a leading European fast charging company, has grown its network of charging stations to over 400 locations.

406 Fastned locations are now open to drivers across the Netherlands, France, Belgium, Germany, the UK, Switzerland, Denmark, Spain and Italy. 

During 2025, Fastned opened 60 new charging stations, including its first locations in both Italy and Spain. In July, Fastned celebrated the opening of its 50th charging station in France, while in December the company crossed the 50-station boundary in both Belgium and Germany. 

Beyond growing the network’s size, Fastned also expanded its station concept in 2025. The company showcased a new vision for an all-electric service area with a new flagship location in Gentbrugge, Belgium, in September 2025. 

The first Fastned location on the German Autobahn opened in July, while the company also opened its first locations specially designed to accommodate electric trucks. 

The unique design of Fastned’s ‘Solar Tree’ canopy, easy to see from the road and creating a distinctive and welcome atmosphere, was recognised with its nomination as a finalist at 2025 DesignEuropa Awards. Selected from among over a thousand submissions, the Solar Tree design aligns with Fastned’s mission to accelerate the transition to electric driving by making charging stations visible, accessible and attractive.

Fastned’s first station opened in Palmpol, the Netherlands, in 2013. The company celebrated its 100th charging station in June 2019, with the 200th opening in Germany in May 2022 and the 300th location arriving in the Netherlands in January 2024. The company intends to open a network of 1000 fast charging stations across Europe by 2030.

Fastned will publish its Q4 2025 trading update on 15 January 2026, including confirmation of revenue related to charging over the full year 2025 and the company’s guidance for 2026.

Fastned, a leading European charging company, has been selected by the Direction interdépartementale des routes Ouest (DIR Ouest) to design and operate the first exclusively electric service area on national roads in France, following a successful tender process. 

Scheduled to open in 2026, this pioneering project in St Yvi, Brittany, marks a key step in the transition towards zero-emission mobility on the French motorway network and makes France the second country to adopt Fastned’s vision of all-electric service areas.

Fastned’s charging station will be located along Route National 165, a road used by over 28,000 vehicles each day and forming part of the continental E60 network. The rest area will offer 6 charging points for electric vehicles, including 1 charging point adapted for heavy goods vehicles, each with a power of 400 kW.

Bringing the service area of the future to France

France will become the second country to adopt Fastned’s vision of all-electric service areas, with amenities and facilities designed for the needs of every driver, and all powered by sustainable clean energy. 

Alongside EV charging under Fastned’s iconic Solar Canopy, Fastned St Yvi will feature a shop, restrooms, and a landscaped garden to offer travelers a pleasant break during their journey. Drivers will be able to grab a snack, enjoy fresh coffee, and take a moment to relax while they charge their EV on 100% renewable electricity.

Fastned’s unique vision of ‘the service area of the future’ was first showcased in September 2025 with the opening of the company’s flagship locations in Gentbrugge, Belgium.

Fastned currently operates over 380 charging stations across Europe, with over 50 throughout France. With this St Yvi tender success, Fastned confirms its role as a European leader in 100% electric service areas, and paves the way for future developments in France and across the continent.

ChargeLeague, the collaboration between Europe's four leading pure-play EV charging companies Atlante, Electra, Fastned and IONITY, today presented WATT 2025, its inaugural industry summit. 

Hosted in Munich, WATT 2025 brought together key automotive industry representatives, routing partners, software platforms, mobility providers, ecosystem partners, and selected charge point operators alongside many other major players in the EV industry, with the goal of promoting collaboration and cross-industry innovation to drive practical solutions for accelerating EV adoption. 

This was no regular EV event: WATT 2025 was conceived for industry insiders and exclusively focused on the customer’s perspective and the driver’s charging experience. The overarching question guiding the event was: what shall we do now to deliver a seamless charging experience for every EV driver in Europe?

Experts from Atlante, Electra, Fastned and IONITY were joined by a host of distinguished guests and speakers to present a series of collaborative masterclass workshops and keynote addresses. These focused on overcoming roadblocks throughout the EV driver’s charging experience, and producing tangible takeaways and paths forward for the next phase of the e-mobility transition.

During the summit, the group also announced the rebranding from the former Spark Alliance to its new identity: ChargeLeague. This name is clearer for drivers and reflects the shift from initially sparking an idea to delivering tangible, first-of-its-kind products for drivers. This rebranding will be swiftly implemented by each member company (including in apps and other digital environments).  

After a day of fruitful discussion at WATT 2025, ChargeLeague members announced ideas for the 2026 roadmap and called upon attendees to take action and get on board to co-create the charging ecosystem necessary for the upcoming mass adoption of EVs. 

ChargeLeague members plan to deepen collaboration and bring more benefits to their drivers. For example, members are aligning on definitions of reliability, maintenance, amenities and other station details in order to provide the gold standard of quality, trustworthy data to customers and navigation partners. This is crucial for making it easier for drivers to quickly and reliably choose the right place to charge, a critical enabler of mass adoption. To facilitate this, a new data platform is being explored. 

Furthermore, taking into consideration the consistent feedback from EV drivers, over the coming months ChargeLeague members will begin to extend their existing charging subscriptions to cover the entire ChargeLeague  network. Members will communicate directly with their customers in due course on these developments. 
 

Nancy Kabalt (51) brings extensive knowledge and experience from her various executive and supervisory roles within the energy sector. She has been a driving force behind the energy transition for years, which aligns with Fastned's mission. Nancy is working as an independent entrepreneur and partner at Windkracht 5!, a consultancy company in the energy sector. 

In addition, she fulfils various roles in organisations at the heart of the energy transition. For example, Nancy is currently Chair of the Formula E team, a public-private partnership established by the Dutch government to promote sustainable and zero-emission mobility with members such as BOVAG, RAI association, ANWB, Natuur & Milieu and the Dutch Association for Sustainable Energy (NVDE). 

She is a member of the Board of the European Regional Development Fund (ERDF), an EU Structural Fund aimed at promoting economic growth and employment. Nancy is also a member of the Supervisory Boards of heating companies Ennatuurlijk and SCW Systems and a member of the supervisory board of Better Energy and the supervision board (raad van toezicht) of the Dutch division of the World Wild Life Fund (WWF). Nancy is furthermore chairing the climate table on urban building environment (Klimaattafel van de Gebouwde Omgeving). 

Nancy is a true ambassador for electric driving, and Fastned's mission is essential for the successful transition to it. She strongly believes that electric vehicles, running on green energy, will contribute to a more sustainable future. Fastned's ambition to expand globally means that stakeholder management and complexity will be of increasing importance, a field in which Nancy has experience. She enjoys contributing to Fastned's development, especially with her experience and background in the energy market and e-mobility industry, as well as her strong commitment to Fastned's mission.

Michiel is stepping down to devote more time to his other professional activities in support of the energy transition.

The board of FAST thanks Michiel for his sharp insight, vital knowledge and pleasant cooperation, and wishes him every success.

These investments will contribute to accelerating Fastned’s rapid network growth across new and established markets, capitalising on the continued growth in EV sales and the support of national and European authorities for comprehensive charging infrastructure.

This third bond issue of 2025 followed the first and second rounds earlier this year, which raised €36.5 million and €34.7 million respectively. Fastned has now attracted approximately €110 million through its retail bond program in 2025 alone. This compares with a total of approximately €82 million raised across three rounds in 2024.

This tranche, which closed on Thursday 30 October, was the 19th in Fastned's bond programme. Of more than €39 million raised, €29.5 million consisted of new investments. Over €9.5 million came from long-standing supporters extending their investments from earlier tranches.

This latest tranche brings the total outstanding amount of retail bonds to more than €279 million. To date, €37 million worth of bonds have been repaid by Fastned and €74 million worth of bonds have been extended by investors prior to reaching maturity, showing investors’ continued support for Fastned.

Fastned’s Q3 2025 Update showed a 44% year-on-year increase in quarterly revenue to €31.5 million alongside new highs in electricity delivered and overall number of charging sessions. Gross profit for the quarter reached €25.4 million as the company continued to grow its network of charging stations, opening the first Fastned stations in Spain and presenting its visionary all-electric rest area in Gentbrugge, Belgium. 

Fastned’s Interim Report H1 2025 contains more detailed information on the company’s performance during the first six months of 2025. More information on our bonds can be found on the Investor Relations page on Fastned’s website.

The Fastned network continued to expand in Q3, with new stations opening all over Europe, including the company’s first stations in Spain and a new visionary flagship station in Belgium.  

Growth in EV stock across Europe continued apace: over one million new EVs have been registered in the EU so far in 2025. This strong quarter has also been influenced by increased holiday traffic during the summer season, as more drivers use Fastned stations to power their EV vacations.

Fastned unveils vision of the future at Gentbrugge

In September, Fastned celebrated the official opening of two stations at Gentbrugge - the company’s unique vision for all-electric, zero emissions highway service areas. The stations are located on the key E17 highway between the cities of Ghent and Antwerp, with approximately 26 million vehicles passing each year - making Fastned Gentbrugge the perfect place to stop and recharge on a trip between Amsterdam and Paris. 

Each station offers drivers 16 charging points (and extra dedicated charging points for electric trucks) alongside a restaurant, a self-service shop open 24 hours, clean and accessible toilets and showers, and a children’s play area, all set in a pleasant and sustainably-operated environment designed around people, not cars. 

Fastned Gentbrugge showcases Fastned’s concept for high-capacity, electric-only service areas offering the best charging experience, coupled with market-leading amenities and facilities, at key highway locations across Europe. 

The opening was attended by a large group of distinguished guests and media and received significant exposure across online platforms, newspapers and television both in Belgium and abroad.

Read more about Fastned Gentbrugge here. 

Accelerating location acquisition and station construction 

Fastned continued to develop its network across Europe with 17 new stations opened during Q3 in France, Belgium, Germany, the Netherlands and Spain. 

At the end of Q3 there were 380 Fastned stations open to EV drivers in 9 countries, with 30 more locations currently under construction and expected to open over the coming months, in line with our projection of reaching over 400 stations in total by the end of 2025.

In Q3 we continued to acquire high quality locations at pace, as Fastned secured 20 new locations for development, with new contracts signed in 8 of our 9 operational markets. 

• In Spain, the company’s first stations opened to drivers in September, becoming Fastned’s ninth operational market following the opening of our first station in Italy earlier this year. These first two Spanish stations, located on the key C-32 highway near Barcelona, are the latest step in Fastned’s ambition to create electric freedom along the Mediterranean corridor, connecting the north and south of Europe with its network of iconic and high quality stations. The stations were officially inaugurated in a ceremony attended by Spanish Minister of Industry Jordi Hereu and other distinguished guests.

• In Germany, Fastned celebrated the opening of its first station directly on the autobahn at the Neufelder Heide-Süd rest area.
• In France, the Fastned team celebrated the opening of the 50th charging station in the country with the opening of our Vitry-en-Charollais location - a milestone that is also expected to be reached in both Germany and Belgium before the end of 2025. 

• In the United Kingdom, construction began in London on our new urban charging station at Hatton Cross, close to Heathrow Airport. This will be the first station to open under Fastned’s joint venture with Places for London and the first of many Fastned charging stations across the city, bringing Fastned’s industry-leading customer service to EV drivers in the UK capital.

• Fastned also submitted an application for an ‘indoor’ charging hub in Aberdeen, to be placed inside a city warehouse. This would be a first for UK charging infrastructure, and another new Fastned design concept.
• In Switzerland, construction began on the first stations in the Italian-speaking canton of Ticino, connecting northern Switzerland with the city of Lugano and the busy border with Italy. As well as expanding our Swiss network, these stations fulfil our ambition of connecting the north and south of Europe by allowing EV drivers to travel between the Netherlands, Belgium, Germany, Switzerland and Italy - powered entirely by renewable energy from Fastned. 

Fastned’s increased pace of construction and continued ability to secure high quality locations is driving the expansion of our network and keeping us on track to hit our goal of 1,000 stations across Europe by 2030. 

With over 50% of Fastned stations now located outside the Netherlands, our international operations are increasingly important in both established and new markets. Read more about how Fastned is getting started in Spain, Italy, Denmark and Austria here. 

Shaping the industry

As a leading player in the European EV charging industry, Fastned brings expertise and advocacy to discussions with national governments, international institutions and industry stakeholders. The intention is to help shape the industry and its regulation to drive innovation and ambition in Europe’s transition to e-mobility

As part of his role as President of ChargeUp Europe, Fastned co-founder and CEO Michiel Langezaal participated in high-level discussions with President of the European Commission, Ursula von der Leyen, in September. This was the third such conversation under the Commission’s Strategic Dialogue for the future of the automotive sector. In such discussions, Michiel represents the interests of the charging sector in relation to the electrification roadmap underpinning investments in the sector.

We also welcomed European Climate Commissioner Wopke Hoekstra to our new station in Gentbrugge, where we conveyed the importance of all-electric rest areas such as this and gave our view on what changes are needed to allow us and others (or the sector) to compete more freely across Europe and accelerate the e-mobility transformation.

Fastned, a leading European fast charging company, has officially inaugurated its first two stations in Spain, at the Garraf Norte and Garraf Sur service areas on the C-32 motorway between Vilanova i la Geltrú and Cubelles, Barcelona. Each station features 4 fast chargers for a combined total of 16 charging points of up to 400 kW, enabling drivers to gain up to 300 km of range in about 15 minutes.

Fastned’s mission is to accelerate the transition to electric mobility and the company aims to open 1000 fast charging stations across Europe by 2030. With the opening of the first Fastned stations in Spain, drivers can now recharge quickly and smoothly at Fastned locations in nine European countries, spanning north and south.   

The stations were officially inaugurated on 9 October 2025 with representatives from the public and private sectors as well as public institutions including the Ministry of Industry and Tourism, the Generalitat de Catalunya, and the city councils of Vilanova i la Geltrú and Cubelles.

The stations at Las Garraf feature our iconic Solar Tree canopies (recently selected from among 1250 industry candidates as one of three finalists at the DesignEuropa Awards) which are instantly recognisable and easy to find from the highway. Thanks to Fastned’s unique drive-through station design, drivers can charge without having to park in a bay - making the experience comfortable, simple and safe.

Fastned’s arrival comes at a key moment for electric driving in Spain. Market share for EVs reached 9.4% in June 2025, with the number of fully-electric cars on the road already up 26% compared to 2024. These historic highs emphasise the country’s desire to shift to greener, cleaner mobility and the need for a fast, reliable and convenient charging infrastructure.   

This Spanish milestone is part of the alliance between Fastned and road operator Autopistas to develop high quality charging infrastructure on Autopistas highways. Fastned currently has an additional thirteen locations secured around Spain, aiming to bring the best charging experience to electric drivers in all regions of the country.

Fastned, a leading European fast charging company, has been nominated for the final of the 2025 DesignEuropa Awards for its Solar Tree station concept, designed by the company’s Location Design Director María García Mansilla. The final ceremony took place in Copenhagen on September 23. 

From among 1250 candidates submitted for the award, an expert jury selected just three to progress to the final. Designs were evaluated on criteria including functionalism, design performance, innovation, design ethics and social/human impact.

The Solar Tree drive-through concept, now seen across hundreds of locations on Fastned’s 380-station network, is an innovative and instantly recognisable design for EV charging stations. Inspired by nature and harnessing solar power to contribute to a cleaner environment, this unique design aims to bring visibility and awareness to Fastned stations and to electric driving as a whole. The Solar Tree forms a central part of Fastned’s new flagship stations in Gentbrugge, Belgium - the company’s largest and most sustainable stations to date.

Fastned designs locations for people, not for cars. One of the things that makes Fastned unique is its in-house team of architects, who work with care to transform previously industrial or hostile locations into welcoming and attractive places where people enjoy their quick charging break. Fastned’s design vision is in continuous evolution, reflecting the rapid disruptions in electric mobility and ensuring our stations remain at the forefront of innovation. This aligns with Fastned’s mission to accelerate the transition to electric driving by making charging stations visible, accessible and attractive.

The DesignEuropa Awards, presented by the European Union Intellectual Property Office, celebrate excellence in design among holders of Registered European Union Designs. Read more about Fastned’s nomination here. 

Fastned’s network currently offers 380 charging stations across 9 European countries, allowing electric drivers to travel the continent on renewable energy.

The Extraordinary General Meeting (EGM) of Fastned B.V. (the “General Meeting”) will be held on 11 November 2025, 16:00 CET.  

Register,  record date, and voting

During this General Meeting, the FAST Foundation – being the 100% shareholder of the shares in Fastned B.V. – will vote on (i) the proposed re-appointment of Nancy Kabalt as a supervisory director per 11 November 2025  for a second term of 4 years and (ii) the adoption of the protocol virtual meetings. 

Depositary receipt (DR) holders are therefore also warmly invited to attend the meeting. DR holders are entitled to attend the meeting and ask questions related to the agenda. Please note that there is no voting right attached to DRs on this topic. You can apply for registration to attend the meeting via invest@fastnedcharging.com before Tuesday, 4 November 2025. 

Questions

Questions can be submitted prior to the General Meeting via invest@fastnedcharging.com or asked during the General Meeting.

Agenda

16:00 //    General Meeting

1. Opening
2. Proposed re-appointment of Nancy Kabalt as Supervisory Director  per 11 November 2025 - for approval by FAST
3. Proposed adoption of the protocol virtual meetings - for approval by FAST
4. Closing 

2. Proposed re-appointment of Nancy Kabalt as Supervisory Director per 11 November 2025- for approval by FAST

It is proposed to re-appoint Nancy Kabalt (51) for a second term as Supervisory Director of Fastned B.V. as per 11 November 2025. Nancy Kabalt's initial appointment as Supervisory Director was on 11 November  2021, for a term of four years and she is eligible for re-appointment for another term of four years. The Supervisory Board has nominated Nancy Kabalt for re-appointment as independent Supervisory Director, since she has a very valuable contribution to the discussions and decision making in the Supervisory Board, given her both broad and in-debt knowledge of the energy transition and electric mobility, her valuable experience as supervisory board member and board member in other companies and her good helicopter view. The Supervisory Board has taken into consideration the diversity policy and the profile of the Supervisory Board and made a formal nomination for her re-appointment for a second term of four years. 

You can find her profile here: Nancy Kabalt Profile (pdf)

3. Proposed adoption protocol virtual meetings

At the AGM held on 5 June 2025, it was discussed that Fastned intends to adopt a protocol for holding general meetings electronically at the upcoming Extraordinary General Meeting, in anticipation of the new legislation (Wet digitale algemene vergadering privaatrechtelijke rechtspersonen). This legislation will allow entities to hold fully digital general meetings once it enters into force.

The articles of association of Fastned B.V. have already been amended to enable the possibility of virtual meetings, as decided during the aforementioned AGM. The proposal is to formally adopt the protocol at the EGM to be held on 11 November 2025, so that it will take effect as soon as the legislation comes into force.

The protocol will restrict the use of fully virtual AGMs to specific, non-controversial, and non-material topics in order to safeguard shareholder and DR Holder trust. Once the legislation has come into force, Fastned will therefore already have a framework in place ensuring that only limited topics may be addressed in a virtual AGM, while all other matters will continue to be discussed in the traditional format familiar to Fastned’s stakeholders.

Fastned, a leading European fast charging company, has opened its largest EV charging stations to date with the new Fastned Gentbrugge rest area, located on the E17 highway between Ghent and Antwerp to serve the approximately 26 million vehicles passing north and south each year.

A vision of an electric future
More than just a place to charge, Fastned Gentbrugge is a destination that travelers will want to visit on their journey. This rest area allows drivers to relax, enjoy high quality food and drinks, and take a charging break in green and pleasant surroundings.

Alongside 16 fast charging points of 400 kW each for EV drivers on each side of the highway in an efficient drive-through layout under Fastned’s iconic Solar Tree canopies, Fastned Gentbrugge offers four fast chargers for electric trucks (two north, two south) alongside a spacious restaurant and a shop with 24/7 self-service operation.

The location also offers clean and comfortable toilets created with specialist partners ONE HUNDRED Restrooms as well as warm showers, outdoor picnic tables, and a family play area within a landscaped and nature-inspired environment designed for people, not for cars.

Our most sustainable stations so far 
Fastned Gentbrugge proves what is possible for the future of sustainable mobility. The entire site - over 8,000m2 across both sides of the highway - is fully electric (including the kitchen and retail area) with zero emissions during operations.

Components of both the charging area and the retail building can be easily disassembled and reused at the end of their lifecycle, and circular materials including biobased insulation, recycled concrete and crushed seashells have been used in the retail construction. 

A custom-built underground water treatment facility ensures the natural environment remains unaffected by stations operations, while a ‘green roof’ captures and reuses rainwater, some of which is used to flush the toilets. 

The entire site, previously a bare parking area, has been freshly landscaped to provide shelter from the highway, with greenery and newly-planted trees and flowers creating a peaceful space to rest during a long journey.

To celebrate the opening of this visionary rest area, Fastned is offering a free cup of coffee to all visitors to the station during the opening weekend of 19-21 September.

Electric freedom for Belgium and for Europe 
Fastned Gentbrugge brings Fastned to 47 charging stations in Belgium and a total network of over 380 stations across 9 countries so far.

By the end of 2025 the company intends to have opened 50 stations in Belgium and surpassed 400 stations across Europe, powering millions of drivers to travel across borders with electric freedom. Fastned aims to have a network of 1,000 charging stations by 2030.

Read more about Fastned Gentbrugge here.

In the first half of 2025, Fastned’s revenue related to charging rose to €54.3m as the company delivered 81.4GWh of renewable energy (up 30% on H1 2024) over more than 3 million charging sessions (up 24%).

Fastned’s strategy of proactively securing valuable high-traffic locations continued to pay off during this period. While expanding its network to 363 charging stations by end of H1, the company also secured 37 new high-value locations for development, for a total of 606 locations secured as of the end of June 2025. This is in line with previous forecasts and keeps Fastned on track to hit its goal of 1000 stations by 2030.

Network growth: openings, expansions and upgrades

Fastned’s network of iconic charging stations continued to grow, with 17 new locations opening in H1 2025 across five European countries, including its first in Italy.

Alongside an additional 12 stations opened since the end of June, this makes a total of 29 new Fastned stations newly opened to drivers so far in 2025 - just in time for the busy summer holiday period. This is supported by expansions and upgrades to existing stations, raising capacity and scaling our ability to deliver the energy drivers need. A total of 8 upgrades and expansions were completed in H1, with another 3 completed post-reporting during the month of July.

Investing now for the network of the future

Fastned continued to attract strong investor support in H1, with two tranches of bonds (concluding in February and June respectively) raising a total of over €71m during H1 2025, fully funding the roll-out over the same period. The community of Fastned retail investors across the Netherlands and Belgium now numbers over 10,000.

Alongside significant growth in revenue in H1, both operational EBITDA and revenue generated per station continued to improve year-on-year due to increased EVs on the roads and greater numbers of customers visiting our stations.

Net loss in H1 2025 increased to €18.3m, with network expansion costs (totalling €16.3m) representing almost all of that amount. This increase is a result of our efforts to scale rapidly across Europe and build our organisation to be ready for a more ambitious future. This is in line with our strategy of increasing our build pace of stations as we move in H2 - historically our most productive period of the year for station construction.

Europe’s e-mobility transition rolls on

EVs continued to build market share across Europe during H1 2025, as governments and institutions found renewed alignment to overcome the regulatory stagnation that had been hindering the transition over the last year. 

Now that companies and governments have the regulatory flexibility they need, we expect to see a re-energising of the EV charging market during H2 and beyond. Fastned is investing heavily in creating a best-in-class charging concept and growing our organisation to ensure we can secure our position as a leading European charging company and continue to scale and accelerate the transition to electric mobility. 

You can find the Fastned H1 2025 Interim Report here and further information is available to investors on our dedicated Investor Relations page.

This tranche, which closed on Saturday 21 June, was the 18th in Fastned's bond programme. Of more than €34.7 million raised, €28.8 million was contributed by new investments. Over €5.9 million came from long-standing supporters extending their investments from earlier tranches. 

This latest tranche brings the total outstanding amount of retail bonds to more than €256 million.

Chart of current outstanding Fastned bonds by maturity date.

Fastned’s most recent quarterly report showed a 48% year-on-year increase in quarterly revenue as the company continues to invest in growing its network and bringing reliable fast-charging to millions of electric drivers across Europe.

Fastned’s Q1 2025 Update contains more detailed information on the company’s performance so far in this year. More information on our bonds can be found on the Investor Relations page on Fastned’s website.

''Fastned has grown into a leading European fast-charging company, and the loyal support from our retail investors has been an essential element of this. I express my gratitude to everyone trusting in Fastned to keep expanding our network and delivering the fast and reliable charging that Europe’s electric drivers deserve. Our market-leading concept and commitment to customer experience gives us optimism that our rapid scaling will continue, and I’m extremely proud that so many retail investors are with us on this journey.''

Michiel Langezaal, co-Founder and CEO 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 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) and is a certified B Corp.
 

The AGM confirmed that Niels Korthals Altes will join the Board of the FAST Foundation. This marks a return to Fastned for Niels; between 2013 and 2022 he was Head of Funding and Chief Commercial Officer (CCO) at the company, playing a key role in Fastned’s IPO.

In recent years Niels has been active as an impact investor and independent advisor. Earlier in his career, Niels was founder and director of Windcentrale B.V., director at Climate Neutral Group B.V., and founder and managing director of GreenSeat B.V.. Before that, he held positions at Unilever N.V. and at DB Group in New Zealand. Niels holds an MBA from the Erasmus University Rotterdam in the Netherlands.

The FAST Foundation (Fastned Administratie Stichting) owns 100% of shares in Fastned B.V. with the associated voting rights, which it exercises as a shareholder at the annual general meetings and any other extraordinary shareholders’ meetings. It was established in 2014 after Fastned changed its governance to ensure Fastned’s mission of accelerating the electric transition and creating freedom for EV drivers, to safeguard business continuity, and to represent the interests of all Depository Receipt Holders. More information can be found at Fastned’s Corporate Governance page. 

A Fastned ‘Tekla’ (or Tech Lab) was also organised during the meetings, giving shareholders the opportunity to learn more about topics such as Fastned’s charging technology, commercial activities and energy sourcing, as well as recent developments such as the company’s role in founding the Spark Alliance. 

You can view the full agenda for each meeting here.

The afternoon will commence at 14:00 with the Annual Meeting of Depositary Receipt Holders, followed by the Annual General Meeting. As usual, CEO Michiel Langezaal and CFO Victor van Dijk will briefly look back at 2024. 

Depositary Receipt Holders can register for the meetings via this link on the ING website. Here you will find the detailed agenda for both meetings. 

We will close the afternoon with drinks. 

Programme 

• 14:00 - 14:30 - Meeting of Depositary Receipt Holders
• 14:45 - 15:30 - General Meeting (including short presentations by Michiel Langezaal and Victor van Dijk)
• 15:30 - 15:45 - Break
• 15:45 - 17:00 - Additional speakers & Fastned Lab
• 17:00 - 18:00 - Drinks

All previous financial reports and Annual reports can be found on the Investor Page. 

Strong financial growth

Fastned recorded €28.0 million in revenue in Q1 2025 - a new record high for Fastned in quarterly revenue - while selling 42.1 GWh of renewable energy to electric drivers all over Europe.

Revenue per station (annualised) reached €325,000 while gross profit increased to €19.7 million. Annualised revenue was €113.6 million - over €100m for the second consecutive quarter.

Fastned raised a record amount of €36.5 million in its first bond issue of 2025; this is the largest amount raised by Fastned in a single tranche. This latest tranche, which closed in February, brings the total outstanding amount of bonds with retail investors to over €227 million.

Growing networks and partnerships

Fastned opened its first station in Italy, just off the A4 highway near Brescia, close to the spectacular Lake Garda. Eight 400kW chargers are now operating at Truck Park Brescia Est to serve the growing number of EV drivers in Italy, making this the largest charging station to date on the A4 Holding group highway network. Italy has become Fastned’s eighth country of operations, and Fastned intends to grow its network into a ninth country in 2025. An additional 10 locations are already secured for future station development in Italy. 

Fastned and Places for London, the property company owned by Transport for London (TfL) secured planning permission for the first of an initial five charging hubs in the city. The first site, at TfL’s Hatton Cross station car park, will feature 12 400kW charging bays. Our ambition is to construct 65 charging hubs across London during our joint venture with Places for London.

New Fastned stations opened in Belgium, France, Switzerland and the UK for a total of 353 active stations at the end of Q1 2025. 

Fastned also secured 20 new locations in Q1 2025, bringing us to a total of 587¹ locations either operational or in our development pipeline on our path to 1,000 active stations by 2030.

Market Outlook² 

The BEV market has returned to strong growth throughout Europe following the clarification of regulatory timelines for car manufacturers, the arrival of (often delayed) entry-level BEV models on the market, and the launch of the European Commission’s Strategic Dialogue on the Future of the European Automotive Industry. 


Across the EU27 + EFTA + UK, sales share for full BEVs rose to 16.9%, increasing from 12.5% a year earlier. There are now over six million battery-electric vehicles (BEVs) registered across Europe. Across the first two months of Q1 2025, BEV sales in the EU27 increased by 28%.

The wider transition to electric mobility continued at pace. Combined market share for petrol and diesel cars in the EU27 fell to 38.8%, a 9.7% reduction from a year earlier. In France ICE and diesel registrations fell by 27.5%, in Germany by 24.9% and in Italy by 19%.

Low exposure to recent market volatility 

Volatility in global markets following policy shifts in US trade policy has had minimal material impact on Fastned’s business and operations. We have conducted a broad analysis of our supply chain and concluded that Fastned is not materially exposed as a result of these changes, and are exploring ways we can minimise impact and maximise opportunity.

Q1 around the organisation

• Fastned published its Annual Report 2024 on 27 March 2025 including full details on all operational, financial and sustainability policies for 2024.
• Co-Founder and CEO Michiel Langezaal was elected as President of ChargeUp Europe, the European charging industry association. As President, Langezaal will advocate for growth in Europe's already world-leading charging sector, increased competitiveness of Europe, and the creation of green jobs.
• Fastned launched the Spark Alliance along with fellow founder members Atlante, Electra and IONITY. This collaboration between Europe’s leading charging companies has created what is now the largest charging network in Europe. With so many charging companies, so many apps, so many payment methods, EV charging can be fragmented and confusing for drivers - especially on long journeys across borders. The Spark Alliance aims to solve this confusion, bringing together the best and most trusted charging companies to make fast charging a simple and seamless experience for all EV drivers - whatever brand of car they drive. Find out more about the Spark Alliance here.

See the full Q1 2025 Update presentation here.

^{1) Two previously secured locations were discontinued from our development pipeline in Q1. 
2) Based on EU27 + EFTA + UK registrations in January and February. https://www.acea.auto/pc-registrations/new-car-registrations-3-in-february-2025-year-to-date-battery-electric-15-2-market-share/}

Four industry-leading European EV charging companies have partnered to create the Spark Alliance; Europe’s largest and most trusted EV charging network. The CEOs of Atlante, Electra, Fastned and IONITY - all major European ‘pure-player’ companies dedicated to EV charging - confirmed the first of its kind collaboration on April 02, 2025, at the Cercle de l'Union Interalliée in Paris. 

The aim of the Spark Alliance is to create one seamless charging network, simplifying the experience and making EV ownership easier than ever.

Europe’s largest charging network in one app

The Spark Alliance directly tackles the key challenges faced by EV owners today. Finding the best public chargers in the maze of different operators, apps, and pricing structures can be overwhelming, and successfully completing a charging session often requires downloading a new app or inputting a new payment method. 

The Spark Alliance will solve this confusion. EV drivers will soon be able to seamlessly access, charge and pay at any of over 1,700 Spark Alliance member stations, with simple and transparent prices - regardless of their EV’s brand or model. To do so, they can simply use their favorite charge point operator’s app, without the need to download a new one. 

Drivers can go to any member’s charging station and use any of the other members’ apps to start and pay for their charging session. This applies seamlessly across all four companies, creating a unified, open network for all EV drivers. 

To help drivers find the most reliable nearby station while on the road, Spark Alliance members will display not only their own stations in their app’s route planners, but also those of fellow members. This will make it easier than ever to find one of 11,000 high quality charging points across 25 European countries, all supplying 100% renewable power, during their journey. 

Boosting the shift to electric mobility 

The Spark Alliance represents a major step forward in driver confidence and a pivotal change in the charging industry. This groundbreaking collaboration paves the way for the democratization of EV charging in public, setting the standards for mass adoption of EVs in Europe. 

Atlante, Electra, Fastned and IONITY share the mission to accelerate the transition to electric mobility and drive a fossil-free future. By uniting forces, they are removing key barriers to EV ownership and enabling seamless EV travel across Europe, whether for daily commutes, business trips or special holiday journeys. 

Learn more about the Spark Alliance at www.sparkalliance.eu

Press contacts

Atlante: Chiara Cerri, Financial Communication and Institutional Relations, media.relations@atlante.energy

Electra: Emeline Keundjian, Head of Communications, e.keundjian@go-electra.com

Fastned: Boris Wielers, Senior Communications and PR Manager, boris.wielers@fastned.nl

IONITY: Leila Sarshar, Communication Manager, leila.sarshar@ionity.eu

Rapid scale

• 50 new Fastned stations opened in 2024 for a total of 346 across 7 countries, while preparations were made for expansion to new markets in 2025.
• 139 new high-value locations were acquired and added to our pipeline in 2024, bringing us to a total of 569 locations either in operation or under development: over half the locations needed to achieve our goal of 1000 operational stations by 2030.
• During 2024 we achieved significant tender victories (for example, the Deutschlandnetz tender in Germany) and forged innovative new partnerships, as announced with Places for London. More locations were secured in the first quarter of 2024 alone than in the entire year of 2023.
• Fastned powered an estimated 700 million electric kilometers of zero-emission driving in 2024.

Impact, sustainability and transparency

• Fastned effectively avoided the equivalent of over 129,000 tonnes of CO₂, up 34% on 2023.
• The company achieved B Corp certification in 2024, recognising Fastned as upholding the highest standards of verified social and environmental performance, public transparency, and legal accountability.
• For the first time, Fastned worked with BDO Accountancy and Advisors to receive limited assurance on several key ESG KPIs in the report including kilowatt hours sold, guarantees of origin and Scope 1, 2 and 3 emissions. Further information is found on page 46 of the report.
• Fastned also conducted its first ever Double Materiality Assessment in 2024, identifying key areas and topics which can form the basis of the company’s sustainability strategy.

Industry-leading performance 

• The number of EVs on European roads rose to over 6 million in 2024, with Fastned accordingly posting positive financial growth even throughout a turbulent year for the industry.
• Fastned recorded €86.3 million in revenue related to charging in 2024; an increase of 43% on 2023.
• For the second consecutive year, Fastned achieved a positive EBITDA. In 2024 EBITDA was €7.4 million - up from €4.6 million in 2023.
• Annual revenue per station rose to €270,000, a 21% increase on 2023, while the annual volume per station was 440MWh, 20% up on last year, continuing to show how our concept helps us outperform our competition.
• Fastned conducted three bond issues in 2024, raising over €82m and demonstrating the continuing support of our investor community.

See the full Fastned Annual Report 2024 here.

Fastned, the European fast-charging company, has opened its first EV charging station in Italy. The new station is located at the Truck Park Brescia Est rest area along the busy A4 highway between Brescia and Padova, a key artery across the north of the country. Eight charging points will initially be available for EV drivers, making this the largest EV charging station so far on the A4 highway network. 

Fastned’s mission is to accelerate the transition to electric mobility and aims to open 1000 stations across Europe by 2030. With over 340 stations currently operational, the company’s first station in Italy means Fastned now offers industry-leading fast-charging to drivers in eight countries. 

Fastned’s station at Truck Park Brescia Est brings Fastned’s award-winning charging experience to the area of Italy where EV ownership is densest; the European Alternative Fuels Observatory claims over 50% of Italy’s EVs are in the North-east and North-west of the country. Sales of EVs in January 2025 were up 132% year-on-year, with over 300,000 fully electric vehicles now registered in Italy. 

Eight 400kW chargers will initially be available for EV drivers at Truck Park Brescia Est, with the possibility to expand the station later to construct more. Fastned’s first station in the country demonstrates the company’s commitment to expanding to new markets in line with its strategy of obtaining and operating high-traffic, scalable locations. 

Italy is a key player in Europe’s transition to electric mobility, and building high-quality infrastructure, particularly along its extensive motorway network, will be critical to facilitating the next stage in the country’s transition to electric mobility. At the same time, it is also important to ensure a level playing field for companies in the sector, with fair access to public tenders and policies that enhance the freedom of choice for Italian EV drivers. 

Fastned is proud to enter Italy and play a role in the country’s movement towards a more sustainable future. Additional locations in Italy have already been acquired and more Fastned stations are under development as the company looks forward to welcoming more Italian EV drivers in the coming years.

Press contacts:
Italy: Simone Saccani, Market Development Manager Italy
simone.saccani@fastned.it

Netherlands: Boris Wielers, Senior Communications and PR Manager
boris.wielers@fastned.nl

Roadmap towards electrification

It will be vital in the short term to engage in conversations with the EU on the CO₂ CAFE standards and find solutions to support car makers and the charging sector. To ensure a successful transition, it is essential that all stakeholders are supported on the road towards electrification, including those experiencing challenges along the way.

Success in 2024 despite industry headwinds 

2024 was a year of challenges for the EV market in Europe, with media sentiment trending negative and lower sales growth than forecast in certain markets. However, EV fleets are still growing at pace, providing opportunities for companies best placed to serve the market well. 

Fastned has performed strongly in this environment - standing out as one of Europe’s top three fast-charging companies, with strong sales growth and an increased rate of location acquisition.

EV penetration continues to grow and the momentum of the transition will not be reversed. The long-term outlook both for EV sales and for the EV fast-charging market remains positive, with EVs continuing to increase market share in many of our key markets.

With increases in both the number of stations and in revenue per station in Q4, Fastned continues to demonstrate that its concept - scalable high traffic locations, an aligned vertical business model, and the best customer experience on the market - provides a viable and effective model for the maturing fast-charging market across Europe.

Rapid location acquisition in 2024; guidance revision for 2025

In recent years Fastned has been accelerating the pace in which it acquires high traffic locations across both public land and private land. With 569 locations now secured (including 346 operational), Fastned is well on its way to achieving its target of 1,000 stations operational by 2030.

In 2025, Fastned aims to increase our rate of station construction further in parallel with this higher pace of acquisition, although we forecast that development timelags will be longer than previously anticipated.

Our updated 2025 guidance comes in the context of longer timelines than anticipated, alongside lower BEV uptake than initially forecasted. We are therefore setting ourselves the following targets for 2025:

• 400 to 425 stations operational by year end
• More than €325,000 revenues per station, full year average
• 35% to 40% Operational EBITDA margin, full year average

Our previous 2025 guidance figures were originally set during Charging Day, Fastned’s first capital markets day, in June 2022. The overall Charging Day ambition was to go from a prominent Dutch charging company to become a leading network in Europe. 

In just over two and a half years since Charging Day, Fastned has close to doubled the size of its network, grown its European presence to 9 countries, more than doubled revenues per station, and doubled its operational EBITDA margin. In terms of sales, Fastned is now a top three fast-charging company in Europe.

Q4 around the organisation

Throughout Fastned, the final quarter of the year saw significant developments:

• We welcomed Françoise Poggi as Chief Operating Officer and member of the Board of Directors, as confirmed in our EGM in early December. Françoise brings a wealth of experience to our organisation, including seven years with Tesla, and arrives to help us further optimise and streamline our operations.
• We opened our unmanned shops at select stations in Belgium and Germany, with encouraging early results. Partners interested in learning more about retail opportunities at Fastned locations can learn more here.
• Our joint venture with Places for London was officially unveiled, along with confirmation of the locations for our first five charging stations in the city. Find a detailed update on our London initiative here.
• A total of €21.5m was raised through our third bond issue of the year, which concluded in October. This means we raised a total of over €82m from bond issues during 2024, thanks to the support of loyal investors.
• Our largest station in France, Aire de Saulce, opened with 17 chargers of 300kW each, ready to serve the quickly growing number of EVs among the nearly 180,000 cars passing by each day during high season. The station covers ​​300m² and required nearly 3 kilometers of underground cabling to operate the large number of chargers - read more about this new station here (in French).

The first five sites are located along busy routes at Hanger Lane, Canning Town, Hatton Cross, Tottenham Hale and Hillingdon Circus. Together, these sites will add over 70 ultra-rapid charging bays (providing up to 400kW) to London’s EV charging network, with each hub serving hundreds of drivers per day. This will offer customers up to 300 miles of range in as little as 20 minutes, using 100% certified renewable energy.

The joint venture will help to further accelerate London’s transition to electric mobility to help meet the Mayor of London’s sustainability goals.

The Fastned/Places for London joint venture intends to add a further 20 sites by 2030, with the potential to increase this to up to 65 hubs over the partnership's lifetime as market demand and opportunities arise. This will dramatically increase Fastned’s UK network and provide a valuable resource to EV drivers in London.

This public-private partnership secures investment for London to support the growth of sustainable transport for all drivers, including the essential traffic that supports the city. Fastned plans to commit at least £30m of investment as part of this joint venture, including its share of £16m in joint funding planned for the first five sites. This will deliver industry-leading facilities that prioritise safety, inclusivity and accessibility for all.

The number of electric vehicles on the road in London is projected to rise to between 1m to 1.4m by 2030, making up 34% to 49% of London’s car and van fleet. Up to 4,000 rapid chargers are expected to be needed to meet this demand. London leads the way in the uptake of EV vehicles in the UK, with around 193,000 plug-in electric cars and vans already registered in the capital. The city has 21,600 charge points to date, which is around a third of all EV charging infrastructure across the UK and more than any other UK region. The Fastned/Places for London joint venture will enable a faster expansion of charging hubs that meet the growing needs of drivers making the switch to EVs and the Mayor’s mission for a greener London.

Each of the joint venture’s charging hubs will be an important asset for the local community. A proportion of the revenue from each of the first five charging hubs will go towards community projects which will benefit local residents. There are plans for many of the hubs to have shops, along with landscaped seating and activity areas, in addition to plans for toilets at many of the hubs. Importantly, each charging hub will be accessible to all, with wheelchair-accessible bays, layouts and considerations for drivers with different needs. Further features and benefits will include retail space at larger sites – which will give customers a comfortable place to wait while they charge their vehicles – CCTV and 24/7 customer support via app or phone.

The joint venture will seek to continue to help push the industry forward through offering work experience placements, apprenticeships and employment, as well as broader economic opportunities – including helping small to medium enterprises entering the market – thereby upskilling more people to support London’s sustainable transition to electric vehicles.

-EINDS- 

Notes to editors

Please see below the details of each of the first five charging hubs:
 

Françoise joins Fastned after seven years with Tesla and brings a wealth of experience in optimising rapidly-scaling operations across international markets. Françoise’s appointment was previously announced in our 18 July 2024 press release and was made official during the company EGM on 29 November 2024.

In 2024, Fastned has made significant progress in expanding its network of charging stations, with over 500 locations either operational or secured for development (as of November 2024) and more prospects under negotiation. As Fastned’s growth rate increases, it is essential to streamline efficient operations to maintain success into the future.

As COO, Françoise will ensure Fastned’s operations continue to provide our award-winning customer experience to drivers across our international network, as the number of EVs on Europe’s roads increases year by year.

Of this latest issue of over €21.5 million, €4.9 million came from investors extending their investments from earlier tranches. This tranche, the 16th in Fastned’s bond programme, brings the total outstanding amount of bonds with retail investors to more than €212 million.

The Open Charge Point Protocol enables communication between an electric vehicle charger and the network services and software behind it. This allows electric drivers to charge their vehicles hassle-free at different charging infrastructure providers and ensures that things like transactions, monitoring and smart control are handled properly.

Necessary development in times of grid congestion
The Open Charge Point Protocol is open source and developed in Europe, and is now being made mandatory in major automotive countries such as South Korea and the United States. This ensures clarity for those markets and thus investment security for charging networks, charger manufacturers and buyers of these chargers, for example. Also it allows for investment in innovation to be focused on one domain instead of spread across several protocols.
 

Establishing OCPP as a standard enables charging networks and charger manufacturers to offer the best possible charging experience and accelerate innovations, such as smart charging, on a large scale. These are necessary developments in times of grid congestion and increases in fluctuating amounts of renewable energy. The growing number of electric vehicles on the road will grow tremendously in the coming years and the charging industry can thus be a strategic pillar for the European economy of the future supporting also the growing number of green jobs.

Preserving future-proof European industry
The discussion in Europe about formally adopting OCPP is still ongoing. By delaying instead of supporting the acceleration of this decision, Europe risks falling behind other countries in charging technology, potentially losing a successful and future-proof industry.
 

A snapshot of Fastned’s performance during Q3 2024

We continued on our growth path

• With over 35.5 GWh delivered (+38.5% vs. Q3 2023), our revenue grew to €21.9 million (+44.0 % vs. Q3 2023). 
• The electric fleet across our operational markets was up 34% compared to the same period last year. Fastned continues to outpace the EV fleet growth.
• Station sales continue to grow, slightly lower than BEV growth. Energy delivered per station increased by 19% YoY.

We are securing more high-traffic locations and continue to expand our network

• During the period, Fastned secured 13 new high-traffic locations, bringing the total pipeline to 523 secured locations.
• Fastned added 8 new stations to its network this quarter. At the end of the quarter, Fastned had 326 operational stations across 7 countries. 
• In addition to new stations, Fastned completely redeveloped its location Den Ruygen Hoek-West, which now offers 13 charging spots to cater for demand growth.

• The past month saw valuable tender wins in the UK, Switzerland, and Denmark, which will add another 17 locations to the secured pipeline during Q4:
  • Places for London selected Fastned as the preferred partner for its new electric-vehicle charging hub joint venture. The first five ultra-rapid charging hubs will be delivered across London in 2026, with at least 20 more sites planned in future years as the joint venture progresses.
  • In Switzerland, Fastned secured 11 new strategic locations along Swiss motorways in the Federal Roads Office (FEDRO) project tender.
  • Fastned has been awarded the contract to build a new fast-charging station in Nyborg, directly next to the Storebælt Link in Denmark. The station will be one of the largest in Denmark and eventually accommodate up to 20 cars simultaneously.

We are building a community focused on sustainable driving and the energy transition

• Fastned has become the first European charging company to be B Corp-certified. B Corp is a sustainability certification that measures a company’s social and environmental impact. 
• 474,122 active customers (+32.6% vs. Q3 2023) charged their cars 1.25 million times (+32.6 % vs. Q3 2023) on Fastned’s network.

There will be a webcast about this Q3 2024 trading update today, 15 October, from 11:00 am to 12:00 pm CEST. To join the webcast, please click here to register. You can find today’s investor presentation, as well as earlier financial publications, here.

¹ Any location for which Fastned has acquired a right to run a charging business, with a contract signed or tender won, including operational stations 

² Source: Auto Week 2024

³ Source: ACEA 2024. Figures apply to July and September 2024 and compare to July and September 2023. EV stock growth is a sales-weighted average across Fastned’s operating footprint.

The partnership gives Noot access to Fastned's multi-award-winning high-quality charging experience with over 1,900 chargers at more than 320 fast-charging stations in seven European countries.

Sustainability and social impact
Noot has already taken a big step towards climate-neutral transport with a fleet of 1,300 fully electric vehicles. The number of climate-neutral vehicles will only increase in the coming years. By making its fleet more sustainable, Noot is also creating a positive social impact on its mobility services for children, the elderly, and travellers with disabilities. Every kilometre they travel is an environmentally friendly kilometre.

Fastned supports Noot's mission. Besides making electric driving reliable, convenient and enjoyable, Fastned has always been about building something bigger. By creating positive change for the environment, society and employees, Fastned believes that, together, we can achieve a better place to work and live. Recently, the company also obtained B Corp certification for this. To be certified, the organisation has to meet the strictest requirements regarding transparency and accountability, and its performance on the social and sustainability front is reviewed.

Fastned, the European fast-charging company, is announcing today that it has won the A/S Storebælt tender in Denmark. This gives the company the opportunity to build a prestigious and large station in Nyborg at a strategic location – right before the Storebælt Link directly off of the E20.

This station marks the fifth location Fastned has secured since entering the Danish market in July 2023. It will be accessible in both directions and fits well into the company’s existing high-traffic location strategy.

The E20, along with the Storebælt Link, is one of the most used motorways in Denmark. It connects the country’s mainland and Germany to Copenhagen.

Due to design restrictions in previous tenders, this will be the company’s first Danish station to feature Fastned’s trademark full-size canopy. It will also be one of the largest in Fastned’s entire network. This station will serve as an example of what future-oriented fast-charging stations can achieve in terms of pleasure of use, safety, comfort, reliability, and speed.

Construction will begin in the first quarter of 2025 and be completed by mid-year.