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EV Charging Stations

Fastned Raised €3.07 Million In First 5 Weeks On Nxchange

Originally published on CleanTechnica.

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.

Fastned

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:

 
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.

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