Friday 29 May 2020

Dutch electric car charging firm Fastned aims for Euronext listing

A Fastned motorway charging station. Photo: Fastned.nl

Dutch company Fastned, which is building a European network of fast charging stations for fully electric vehicles, has said it intends to list on the Amsterdam stock exchange in the first half of this year.

Since its launch in 2012, Fastned has built a network of 91 fast charging stations, of which 80 are the Netherlands and 11 in Germany.

The first UK station will open soon, the company said in a statement, and it also plans to open in Belgium, France and Switzerland, where it recently won a tender for 20 locations.

‘With over five years of experience in building and operating a network of fast charging stations, we are well positioned to benefit from the accelerating transition to full electric vehicles,’ said chief executive Michiel Langezaal.

‘This listing will create additional funding flexibility and will offer more investors the possibility to invest in the mega trend towards electrification of mobility.’

It is not yet clear how many shares the company intends to sell or how much capital it is planning to raise. The company is currently listed on the alternative trading platform Nxchange.

Fastned, which has a workforce of 50, booked turnover of €1.6m in 2018 and made a loss of €6.3m.

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