Fastned Secures up to €200 Million in Green Loans to Accelerate European Charging Network Growth

European fast-charging operator Fastned has established a new bank financing framework that could provide up to €200 million to accelerate the rollout of its electric vehicle charging network across Europe.

The green loan structure brings together several European financial institutions, including ABN AMRO, Crédit Agricole, ING, Invest-NL and Rabobank. The framework provides Fastned with a flexible financing tool to support long-term infrastructure development.

Under the agreement, €100 million is immediately available and fully committed, with a further €100 million accessible at a later stage depending on expansion progress and financing needs. The initial funds will be used primarily to support new charging infrastructure projects in Belgium and Switzerland.

Additional financing drawn under the framework would enable Fastned to expand into further European markets while also upgrading and optimising existing charging sites. The company stated that the flexible structure is designed to scale alongside network growth.

Fastned has raised more than €740 million since its founding in 2012. The company has relied mainly on capital raised through a retail bond programme and its public equity listing on Euronext Amsterdam.

Fastned currently operates more than 400 fast-charging locations across Europe, offering charging speeds of up to 400 kW. The operator aims to grow its network to around 1,000 sites by the end of the decade.

According to the company, the new bank financing marks a third strategic funding pillar, broadening access to institutional capital and strengthening Fastned’s ability to finance long-term infrastructure development as demand for public EV charging continues to increase across Europe.

Victor van Dijk, Chief Financial Officer of Fastned, said the new bank financing represents an important addition to the company’s funding strategy, noting that Fastned’s equity platform and retail bond programme have already provided substantial growth capital. He added that the new bank-backed framework opens the door to significantly larger funding volumes, highlighting that institutional bank financing across Europe offers ample capacity to support Fastned’s expansion plans well into the future.

Source: Company Announcement

About Fastned

Fastned's mission is to accelerate the transition to electric mobility. Since 2012, we have been at the forefront of developing charging infrastructure in Europe, building and operating a rapidly growing network of iconic fast-charging stations. Our yellow stations, inspired by nature, offer a welcoming environment for drivers during the 10 to 15 minutes needed to charge up to 300 km of range. By offering the most reliable, convenient, and pleasant charging experience in Europe, we aim to encourage millions of people to drive on solar and wind power so that together, we can curb climate change. Fastned is listed on Euronext Amsterdam (AMS: FAST) and is a certified B Corp.