Fastned Saw Month-On-Month Sales Growth Of 14% In 2015

The Netherlands-based electric vehicle fast-charging station company Fastned saw month-on-month sales growth of 14% in 2015, according to the company’s just released Annual Report for the year.

The report also reveals that the company experienced active customer growth of 229% in 2015, volume growth of 244% during the year, and that the company raised more than €20 million in new capital. Fastned also achieved a network uptime of 99.99% for the year — which is apparently an industry first.

Fastned Reports Revenue Increase Of 340% For Last Quarter Of 2015

As we reported recently, the company also greatly expanded its electric vehicle (EV) charging network in the Netherlands — with the number of charging stations in the country now resting at 50. This growth is important for the country’s EV industry as many people in the country don’t have access to home charging, and are largely reliant on public charging stations.

“Fastned has developed strongly, both in terms of network as well as sales, systems and partnerships. Revenues of €75,889 is still small but we saw sales grow last year by more than 700%. Nearly all car manufacturers have announced new electric models with a bigger range, the first models will be introduced on the market later this year. As a result, our outlook is very positive,” CEO Michiel Langezaal was quoted as saying, in an email sent to EVObsession and CleanTechnica.

“Fastned has secured financing for its operational costs until the end of 2018. This covers the period until a serious charge market for electric cars has emerged and a considerable number of stations is profitable. With the current network of 50 stations, we have created a solid foundation for further growth. At the moment we are working on expansion into urban locations and the rest of Europe. To finance this growth we will issue new certificates of shares very soon again.”

The CEO has been quoted in the past as saying: “We are the Shell of the future, only our energy comes from the sun and the wind.”

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