Nearly 1,000 investors subscribed to a bond issuance by electric vehicle (EV) charging company Fastned, providing a boost to its plans to build a network of fast charging stations across Europe. The company announced late last week that the issuance has raised €12m, which it will use to finance more and faster chargers for its network. The bonds have a maturity of five years and investors will earn six per cent interest each year. The firm’s charging stations are located at high traffic locations along highways and in cities, where fast charging units can provide EVs with enough power in 15 minutes to allow them to drive up to 200km. The company already boasts 114 stations in the Netherlands, Germany, and the UK, and plans to expand into Belgium, Switzerland and France. Increasing the infrastructure for fast charging is seen as critical in boosting consumer take-up of EVs.
Business Green 16th Dec 2019 read more »
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