Fastned secures up to €200m to accelerate European charging expansion
The operator plana to build a 1,000‑site ultra‑rapid EV charging network across Europe by 2030.
Fastned has agreed a new green loan facility worth up to €200m, marking a significant step in its plan to build a 1,000‑site ultra‑rapid EV charging network across Europe by 2030. The financingcomes from a syndicate of major European lenders including ABN AMRO, Crédit Agricole, ING, Invest‑NL and Rabobank.
The package provides an initial €100 million in committed capital dedicated to station development in Belgium and Switzerland over the next three years. A further €100 million “accordion” option could be deployed across other Fastned markets, depending on demand. The five‑year facility is structured on a non‑recourse basis to the parent company and carries an interest rate below that of Fastned’s retail bond programme.
Executives said the deal forms a new “third pillar” of funding alongside the company’s equity listing and retail bonds, giving Fastned access to deeper, long‑term debt markets as EV uptake across Europe continues to rise. Since its founding in 2012, the Amsterdam‑based company has raised more than €740 million, helping it establish more than 400 stations in nine countries.
CFO Victor van Dijk said the banks’ backing provides a scalable platform capable of supporting expansion “for years to come”. Tom Hurst, UK country director, said the funding would bolster the firm’s ambition to make ultra‑rapid charging “reliable, intuitive and genuinely enjoyable” as EV adoption accelerates.
