Fastned strengthens capital position
Fast charging company attracts 6 million euro of new capital
Amsterdam, 18 January 2019. Fastned, which is building a European network of fast charging stations, has strengthened its balance sheet with 6 million euro of new equity. This includes 3.5 million euro of new capital as well as the conversion of a loan of 2.5 million euro from Flowfund. The new capital will be used to finance further expansion of the Fastned network.
For this issue new certificates of shares were issued at a price of 10 euro apiece. The Fastned certificates can be traded via the Nx'change stock exchange.
Bart Lubbers, co-founder Fastned: "With this capital increase, Fastned can further expand the network of fast charging stations and thus offer even more freedom to electric drivers. Flowfund has supported Fastned almost from the start. The conversion of their loan to capital is a strong sign of confidence in our future."
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Fastned is a charging company that is building a European network of fast charging stations where all electric cars can charge as fast as possible. The stations are located at high traffic locations along the highways and in cities, where electric cars charge in an average of about 20 minutes. This will give electric cars the freedom to drive across Europe. As of today, Fastned has 95 stations operational in the Netherlands and Germany and is working on expanding its fast charging network to the rest of Europe. Fastned is simultaneously building fast charging stations in the Netherlands, Germany and the United Kingdom and is preparing for expansion in Belgium, Switzerland and France.
More information: fastnedcharging.com