Fastned, the European fast-charging community, has efficiently accomplished an accelerated bookbuild providing (of 1,875,000 new depositary receipts of extraordinary shares, at €80 every) to certified buyers, which ends up in €150 million ($181 million) in gross proceeds.

In line with the press launch, the brand new securities characterize about 12.5% of the corporate’s present issued share capital.

Fastned explains that the proceeds from the providing shall be utilized principally to fund the growth of its fast-charging community, which presently consists of 133 stations.

Within the pipeline, there are 164 extra stations, which suggests that there’s an intention to succeed in 300 stations within the not too far future. Among the many high markets, Fastned mentions France and Germany.

 

Michiel Langezaal, CEO of Fastned mentioned:

“We’re very proud of this profitable capital elevate which permits Fastned to considerably speed up its growth plans. It permits us to construct extra and greater quick charging stations throughout a number of nations, residing as much as our mission of accelerating the transition in the direction of sustainable mobility by giving freedom to electrical drivers.

Furthermore, this transaction has attracted stable institutional buyers to Fastned’s shareholder base, and gives a considerable enhance of the free float of the depositary receipts traded on Euronext Amsterdam. Each are supportive to our continued development, and in step with our ambition to develop into the main quick charging community in Europe.”