Fastned has raised €32.4 million through a new corporate bond issuance aimed at private investors in Belgium and the Netherlands, as the company seeks to accelerate the expansion of its fast-charging network across Europe.
The bonds offer an annual interest rate of 6% and are set to mature in March 2031. Fastned said retail bonds remain a core financing tool, allowing the company to raise capital from a broad base of investors, including electric vehicle drivers and non-customers alike.
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Over the past two years, Fastned has issued three such bonds annually in Belgium and the Netherlands, raising a total of €192 million. Including earlier issuances and the latest offering, the company’s total outstanding bond obligations now stand at €301 million.
“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,” said Michiel Langezaal, Chief Executive Officer of Fastned.
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“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,” he added.
Fastned is pursuing a dual financing strategy, combining retail bond issuances with traditional bank funding. In January, the company secured up to €200 million in financing from a consortium of European banks, including ABN AMRO, Crédit Agricole, ING, Invest-NL, and Rabobank.
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The company’s capital requirements remain high due to the cost of building fast-charging infrastructure. Fastned currently operates around 410 charging locations and aims to expand this network to 1,000 sites across Europe by 2030. Each station, equipped with multiple 400 kW high-power chargers, grid connections, and signature canopy structures, can cost high six-figure sums.
While Fastned has reported positive operational EBITDA, indicating profitability from electricity sales, the company continues to post net losses due to the heavy investment burden and associated financing costs. It reported a net loss of €26.6 million for 2024 and €18.3 million for the first half of 2025.
The company is expected to publish its full-year 2025 financial results on March 19, 2026, as it continues to balance expansion ambitions with financial performance.