Fastned Records Strong Growth In Q4 2016

Originally published on CleanTechnica.

The Netherlands-based electric vehicle fast-charging solutions firm Fastned recorded strong growth during the fourth quarter of 2016, according to a new email sent to CleanTechnica.

As compared to Quarter 4 2015 (a year-on-year comparison), Quarter 4 2016 saw volume growth of 168,381 kWh (+209%); revenue growth of €81,382 (+174%); and customer growth of 3,177 (+92%).

This growth (volume + revenue) was achieved through a combination of: an increase in charging station numbers and an increase in utilization rates per station. Fastned recently completed 6 electric vehicle (EV) fast-charging stations in the Netherlands — including 5 along the highway and the other one in The Hague.

The email provides more: “In November, Fastned introduced a very well received Routeplanner tool which allows our customers to plan a journey using Fastned stations. Early December, Fastned raised €2.5 million in just 4 days through an issue of bonds. Late December, Fastned lowered the prices of ‘per kWh’ charging from 79ct to 59ct, and the monthly subscription fee for ‘Standard’ from €12 to €9.99; Fastned raised the monthly subscription fee for ‘Power’ from €24 to €29.99 (all prices including VAT).”

The company is reportedly expecting strong growth to continue in 2017, largely as a result of newly improved tax incentives for EVs in the region, but also as a result of the launch of new, longer-range EVs there. The compelling, long-range EV models include the new Renault Zoe EV, the Opel Ampera-e (Chevy Bolt EV), and the Tesla Model 3 (presuming it launches on time).

Reprinted with permission.

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