Continued rapid growth for Fastned
Fast-charging company publishes Q1 figures 2016
Amsterdam, 6 April, 2016.
- Volume growth of 500% compared to Q1 2015
- Revenue growth of 370% compared to Q1 2015
- 21% revenue growth and 37% volume growth compared to Q4 2015
- 31% growth of the number of active customers compared to Q4 2015
- Tesla adapters installed at 40 stations (mid April at all 50 stations)
- Deal with Nissan: four years of free fast charging at Fastned with every new LEAF
Fastned CEO Michiel Langezaal: "Fastned continues to grow rapidly in terms of the number of customers, kWh delivered and revenues. On top of this we see a major shift in the perception towards electric cars around the world and in the Netherlands. End of March the Dutch Parliament adopted a motion ordering the Government to strive for 100% of new cars sold after 2025 to have zero emissions. The enormous interest in the Tesla Model 3 (already more than 280,000 pre-orders) shows that people can’t wait to drive electric. We are building the charging network that will be required to provide all these cars with the electricity they need."
Since mid-December of 2015, new customers get their first month of charging at Fastned for free. This policy is very successful and as a result volumes grew somewhat faster than revenues in the first quarter. During the second half of the quarter Fastned has installed Tesla adaptors at most of its stations, which allows Teslas to fast charge at Fastned. Half of the full electric vehicle fleet in the Netherlands is currently a Tesla, and these adaptors should add to the growth of Fastned going forward. Fastned is working hard to expand her network into urban locations and to the rest of Europe. To finance this European expansion, Fastned is planning to issue new shares of certificates in the near future.
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Fastned is building a European network of fast-charging stations where all electric cars can charge within 20 minutes. The stations are located at high traffic locations along the highways and in cities. This will give electric cars the freedom to drive across Europe. As of today, Fastned has 69 stations (including two 350kW 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 its network of fast charging stations in response to the rapidly increasing numbers of EVs in Europe. Car manufacturers are investing billions of Euros in the development of, and production capacity for EVs. More and more EVs are hitting the 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.”
For more information go to www.fastnedcharging.com.