Fastned records strong revenue growth

Nearly 600,000 charging sessions in the third quarter

Fastned records strong revenue growth

Fastned’s turnover rose sharply in the third quarter. According to Fastned, that growth is due to a continued increase in the number of electric vehicles and more and larger stations in the company’s network.

Charging revenue, the revenue related to the charging of electric vehicles, tripled year-on-year to just over €10 million. According to Fastned, there were 593,000 charging sessions by 190,000 active customers at its stations in the past quarter. Due to the sharp rise in energy prices, Fastned has had to raise its rates. If wholesale energy prices start to fall again, Fastned hopes to be able to lower the rates again.

CEO Michiel Langezaal says that the energy crisis means that he sees ‘increasing momentum’ among governments, companies and citizens to support the switch to clean, renewable energy. “Looking back on this challenging period, I hope we can conclude that it has fueled the transition to renewable energy and brought us closer to a world without fossil fuels.”

Fastned is expanding. This year, the Amsterdam-based company has already acquired 33 new locations, bringing the total number at the end of the third quarter to 359 locations. Six new stations were opened in the past quarter and the company is engaged in ground work at more than 20 locations. The aim is to open at least 65 new charging stations before the end of this year. Fastned is active in the Netherlands, Belgium, France, Germany, the United Kingdom and Switzerland.

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– Thanks for information from Autoweek.nl

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