Fastned company has now reportedly raised €24mn in new bonds to grow its fast charging network across Europe. Electric vehicles are now becoming much popular. For your information, in 2023, EV registrations in Europe exceeded 2 million units for the first time in a single year.
Dutch EV charging startup raises €27.5 million in Europe
Apart from that, investors also funded and the total deal expanded to €27.5mn. This startup was founded in 2012, it provides more than 280 fast charging stations across several European countries, including the Netherlands, Belgium, Germany, and France. The company provides up to 300km of range in about 15 minutes, depending on the EV type.
It offer subscription and pay-on-the-go service. In the Netherlands, paying on the go costs €0.69 per kWh — on the lower end of fast charging pricing, which varies between €0.65 and €0.90. “Accelerating the building pace of infrastructure for electric mobility is crucial given the expected exponential growth of the number of electric vehicles in the coming years,” said co-founder and CEO Michiel Langezaal. The number of electric cars on the road is increasing.
As per Reuters report, car sales in the European Union gained 12.1% year-on-year in January, helped by double-digit growth in Germany and Italy, data showed on Tuesday, with registrations of fully electric cars growing in annual terms but slumping from December.
Total registrations at Europe's two largest carmakers Volkswagen (VOWG_p.DE), opens new tab and Stellantis (STLAM.MI), opens new tab rose by 11.5% and 15% respectively in January, but were down 2.9% at Renault (RENA.PA), opens new tab, data from the European Automobile Manufacturers Association (ACEA) showed.
