Fastned B.V.

Capital/Financing Update • Sep 25, 2024

Press release Fastned starts subscription to new bonds

Amsterdam, 25 September 2024. Today, Fastned, the European fast-charging company, will start a subscription to a new bond issue. Proceeds will be used to continue to grow the network in existing and new markets. European regulations supporting the transition to electric driving will create even more opportunity for Fastned to grow its network across Europe.

In the first half of 2024, Fastned grew revenue by more than 45%, compared to the same period last year, reaching €37.8 million. Fastned delivered over 62.7 GWh of renewable energy to more than 411,000 customers. More information on Fastned's results can be found on the Investor Relation page on Fastned's website.

The number of electric vehicles is expected to grow, from 4.5 million in 2023 to more than 40 million in 2030 in Europe. ¹ Being one of the most experienced players in the European industry, Fastned is well-positioned to continue securing high-traffic locations and aims to build a network of 1,000 stations by 2030.

¹European Commission August 2024 - Article

Earlier this month, Fastned announced its certification as a B Corp company, which requires a holistic review of a business's social and environmental performance, accountability, and transparency. As a B Corp, Fastned is part of a global community of businesses that meet high standards of governance and make a positive social and environmental impact.

In 2024, Fastned issued €61 million in new bonds, including 15.7 million extensions of earlier tranches. By now, over 10,000 bond investors trust Fastned to drive the transition to electric mobility.

Fastned is launching this new bond issue in the Netherlands and Belgium. More information about Fastned and the bonds – including risks, costs, and fiscal treatment – can be found in the prospectus, available here and on Fastned's website.

About Fastned

Fastned is on a mission to accelerate the transition to electric mobility. Since 2012, we've been at the forefront of European charging infrastructure development, building and operating a rapidly growing network of iconic fast charging stations. Our yellow, nature inspired stations create a welcoming environment for drivers during the 10-15 minutes it takes to charge up to 300 km of range. By offering Europe's most reliable, convenient and joyful charging experience, we aim to inspire millions to drive on solar and wind energy so that together we can curb climate change. Fastned is listed at Euronext Amsterdam (AMS: FAST).