Monday 16 September 2019

Electric charging stations company Fastned to list on June 14

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, will list on the Amsterdam stock exchange on June 14.

The company says the listing will bring more ‘flexibility in financing and better access to the capital markets.

Since its launch in 2012, Fastned has built a network of 97 fast charging stations in its domestic market, the UK and Germany, of which most are in the Netherlands.

The company 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.

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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