Fastned Brings In €3.07 Million In 5 Weeks On Nxchange
Support CleanTechnica's work through a Substack subscription, on Patreon, or on Stripe. Help us produce all of the high-quality, original content we publish week after week despite the challenges of content-scraping AI, antisocial media, inflation, and other hurdles.
The Netherlands-based electric vehicle charging station firm Fastned raised €3.07 million in new capital during just the first 5 weeks of being listed on the new stock-exchange Nxchange, according to an email sent to CleanTechnica and EV Obsession.
Altogether, 307,473 new certificates of shares were issued during his period of time — at an issue price of €10 per certificate, reportedly.
The email provided some background on the Dutch firm:
Fastned operates a network of 50 fast charging stations in the Netherlands. Revenue is increasing with more than 10% month-on-month. With more and more electric cars on the road in the Netherlands and other European countries there is a growing need to expand this network. The new funds will be used for the development of locations along highways, in large cities, and abroad.
Fastned anticipates rapid growth of the number of electric cars. The driving force is the rapidly falling price of batteries. In the next two years car manufacturers like Tesla, Nissan, Opel, Audi and Volkswagen will bring fast-charging electric cars with more than 300 km range to market. A European network of fast-charging stations allows drivers to cover large distances comfortably with an electric car of any brand.
Something else to consider is the fact that people in many parts of Europe don’t have easy access to a means of home charging — with many people living in condos, apartments, etc. This means that charging networks such as Fastned are arguably far more necessary than in places where home changing is an easier affair.
Further background on Fastned can be found here:
- Fastned Freedom Plan — This Rocks
- A Fast-Charging Revolution Is Underway In The Netherlands (Original Videos)
- Fastned Volume Growth Up 500% In Quarter 1 2016 (As Compared To Quarter 1 2015)
- Fastned Saw Month-On-Month Sales Growth Of 14% In 2015
- Fastned EV Chargers Now Compatible With Teslas — Tesla Adaptors Being Added To All 50 Stations
Sign up for CleanTechnica's Weekly Substack for Zach and Scott's in-depth analyses and high level summaries, sign up for our daily newsletter, and follow us on Google News!
Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Sign up for our daily newsletter for 15 new cleantech stories a day. Or sign up for our weekly one on top stories of the week if daily is too frequent.
CleanTechnica uses affiliate links. See our policy here.
CleanTechnica's Comment Policy
