The loan includes an initial amount of 100 million euros of committed capital to fund station rollout in Belgium and Switzerland over the next three years. There is also an uncommitted option of an extra 100 million euros for expansion to other countries. The facility will support the rollout of Fastned stations, expansions and capacity upgrades to existing locations (including further rollout of Fastned retail facilities) and the acquisition of new locations for development.
The initial focus is on Belgium and Switzerland only, but it marks the start of a funding platform that can be expanded internationally as well as within the two initial countries. This will support Fastned’s growth ambitions in 2026 and beyond, strengthening the company’s position in Europe.
The funding marks a third financing resource – long-term bank financing - alongside Fastned’s ongoing retail bond programme and its equity listing on Euronext Amsterdam, allowing the company to further diversify its funding. It also increases flexibility in how growth is financed across Fastned’s fast-growing international network.
Fastned charging stations are seeing consistently high utilisation, their operational performance drive by the company’s focus on high traffic locations only, where large stations can charge hundreds of cars per day. Its network now consists of over 400 charging stations across nine European countries.
“I am very excited that we’ve now added an important third funding pillar to finance the growth of our network” said Victor van Dijk, CFO of Fastned. “The equity platform and the retail bond programme have each raised over 250 million euro in growth capital to date, and this new bank funding platform will allow for amounts beyond that. Bank financing is a multi-billion euro market with dozens of banks active across Europe, meaning the size potential of this programme is more than sufficient to meet Fastned’s needs for years to come."
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