Fastned Raised EUR 2.5 Million In 4 Days

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Originally published on The ECOreport.

Fastned’s original funding came from its founders and angel investors such as the Lubbers family (Breesaap) and Fred Matser (Flowfund). Last year, the Dutch fast charging station company needed three weeks to raise EUR 3 million selling share certificates on Nx’change. Now, Fastned raised EUR 2.5 million in four days.

The bond issue started Friday, Dec 2, at 9 a.m. and was fully subscribed on Monday morning.

“To us this proves that people are paying attention to the commercial traction Fastned makes, that we seem to have found a financial instrument which these investors like and that the industry as a whole is getting into the reach of the “radars” of these people. The public is starting to trust e-mobility as the future form of mobility and more and more people (including these new investors) are showing trust in our company, people and business case,” said Michiel Langezaal, co-founder and CEO of Fastned.

A couple of years ago it was much more difficult to raise money for a charging network and Fastned had to rely on its founders and angels investors such as the Lubbers family (Breesaap) and Fred Matser (Flowfund).

“We are witnessing a true breakthrough. The shift that is taking place is very evident in the amount of time it takes us to raise funds. What took many months in 2014 only takes us a few days in 2016,” added co-founder Bart Lubbers.

Money To Continue Growing

This money will enable Fastned to continue growing. Over the past two years it has been delivering a consistent 10% month-on-month growth of kWh. This is 7 times faster than the Netherland’s adoption of EVs. Fastned currently has 57 Fast Charging stations (of which 55 are along the highway) and is expanding the network into cities and surrounding countries.

Photo: Courtesy Fastned

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

CleanTechnica Holiday Wish Book

Holiday Wish Book Cover

Click to download.

Our Latest EVObsession Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

CleanTechnica uses affiliate links. See our policy here.

Roy L Hales

is the President of Cortes Community Radio , CKTZ 89.5 FM, where he has hosted a half hour program since 2014, and editor of the Cortes Currents (formerly the ECOreport), a website dedicated to exploring how our lifestyle choices and technologies affect the West Coast of British Columbia. He is a research junkie who has written over 2,000 articles since he was first published in 1982. Roy lives on Cortes Island, BC, Canada.

Roy L Hales has 441 posts and counting. See all posts by Roy L Hales