Fastned secures €32.4 million from private investors
Fastned regards corporate bonds aimed at private investors as a key financing tool to drive its expansion quickly and cost-effectively. Over the past two years alone, Fastned has issued three bonds annually to private investors in Belgium and the Netherlands, raising a total of €192 million. Combined with earlier and the latest bonds, the outstanding repayment amount now stands at €301 million.
Fastned is offering a 6% annual interest rate on the new bonds, which are due for repayment in March 2031—five years after issuance. These corporate bonds are essentially loans divided into small denominations, such as €1,000, spread across a large number of investors.
Investors naturally expect a strong return and full repayment. By issuing such bonds, Fastned fosters a sense of community and primarily targets its own customers, specifically electric vehicle drivers in Belgium and the Netherlands. However, the process is also open to non-customers.
“I’m delighted to see that so many investors continue to join us on our mission to accelerate the transition to electric mobility. As global energy markets become increasingly uncertain and unstable, it’s clearer than ever that Europe’s future requires a cleaner, safer and more dependable transport infrastructure. Together with our valued retail bondholders, Fastned is building and operating that infrastructure: ready to power millions of electric cars, reliably and affordably, for years to come,” says Fastned CEO Michiel Langezaal.
However, Fastned is pursuing a dual strategy: in addition to these bonds, the company also relies on traditional bank loans. It has already secured up to €200 million in fresh capital from banks as early as January. The funds come from a European banking consortium comprising ABN AMRO, Crédit Agricole, ING, Invest-NL, and Rabobank.
Fastned’s significant capital requirements stem from its business model: building a Europe-wide fast-charging network is extremely costly—and the company aims to grow from its current 410 locations to 1,000 across Europe by 2030. A single station with multiple 400 kW charging points, grid connections, and the characteristic yellow canopies can cost high six-figure sums.
While Fastned has been generating a positive operational EBITDA for some time, this essentially means the company sells charging electricity at a profit—without accounting for multi-million-euro investments. That is because the EBITDA metric does not consider depreciation on investments, such as charging stations, or the interest on bonds and loans.
Yet, it is precisely these bonds and loans that finance the construction of new charging hubs. As a result, despite a positive operational EBITDA, Fastned reported a net loss of €26.6 million in 2024 and a loss of €18.3 million in the first half of 2025. Fastned plans to announce its final figures for 2025 on 19 March 2026.
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