Fastned shows rapid growth in fast-charging market
340% revenue growth and 374% volume growth in the fourth quarter of 2015
Amsterdam, 18 January 2016. The revenue of Fastned, which builds a European network of fast charging stations, has increased in the last quarter of 2015 over 340% compared to the fourth quarter of 2014. The volume of kWh delivered increased with 374%. The growth shows that there is a growing need for fast-charging at prime stations along the highway. Last year the number of full electric cars in The Netherlands increased with 37%.
Fastned is growing because customers charge more kWhs, and the number of Fastned stations has increased in 2015. In the fourth quarter the volume grew faster than the revenue, because of a last year introduced offer whereby customers can experience fast charging at Fastned for free during the first month.
Currently Fastned has 50 stations operational. 11 stations were realized in the fourth quarter of 2015. The stations have an uptime of over 99,99%
In addition to the stations along the highway Fastned is working hard to expand its network to cities. In November last year Fastned signed an agreement with the municipality of The Hague to build five fast charging stations. Fastned is also working on a European network of fast charging stations.
Note for the editor (not for publication):
If you have any questions and/or would like to interview one of Fastned’s founders, Bart Lubbers or Michiel Langezaal, please contact Kyra Hartlief.
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Fastned is building a European network of fast-charging stations where all electric cars can charge. The stations are located at high traffic locations along the highway and in cities, where electric cars can charge in 20 minutes. This will provide freedom for electric cars to drive across Europe. As of today, Fastned has 63 stations operational in The Netherlands and is working on expanding its fast charging network to the rest of Europe. Fastned is preparing the construction of fast charging stations in Germany, The United Kingdom and Belgium. Fastned is listed on the Nxchange stock exchange.
Fastned is rolling out it’s network of fast charging stations in response to the rapidly increasing numbers of EV’s in Europe. Car manufacturers such as Tesla, Audi, Volvo, Aston Martin, BMW, Nissan, Mitsubishi, Porsche, Volkswagen, Mercedes, Ford, General Motors en Renault and other car manufacturers are investing billions of Euro’s in the development of, and production capacity for EV’s. More and more EV’s are hitting our roads which drives the need for charging infrastructure. Fastned is responding to this development by building the service stations of the future. Co-founder and CEO Michiel Langezaal: “We are the Shell of the future, only our energy comes from the sun and the wind."