A spokesperson from Fastned said negotiations have been going on for the past year and a half. This morning Transport for London (TfL) announced the Dutch EV fast charging company is one of the five successful bidders. The other charging companies are Bluepoint London, the Centrica Consortium, Chargemaster and Electricity Supply Board (ESB). London’s first 75 charging points should be operational by the end of the year. By 2020, there could be 300. The first steps towards London’s transportation sector going electric have been taken.
Germany is building out an EV fast charging infrastructure. Two months ago, the European Commission decided “Germany’s scheme to roll out a network of user-friendly infrastructure for charging electric vehicles across the country is in line with EU state aid rules.” The government will invest €300 million (nearly $320 US) and two-thirds of this is designated to accelerate the development of a fast charging network. The buildout started long before any announcement of Government funding. 292 units were installed last year. Construction of the Dutch company Fastned’s first German EV fast charging stations is about to commence.
In the five years since Fastned incorporated, they have built 59 fast charging stations through-out the Netherlands. Investors funded this expansion. Now many of these stations are generating revenue. Last week Europe’s largest EV Fast Charging Station company announced an important milestone.
Fastned’s original funding came from its founders and angel investors such as the Lubbers family (Breesaap) and Fred Matser (Flowfund). Last year, the Dutch fast charging station company needed three weeks to raise EUR 3 million selling share certificates on Nx’change. Now, Fastned raised EUR 2.5 million over the weekend. Continue reading Fastned Raised EUR 2.5 Million Over The Weekend→
Billions of euros are being invested into Europe’s EV market. Most of the industry’s best known vehicles are available. The race to build the infrastructure, that can help make them the vehicle of choice, lags behind. Ford Motors, Volkswagen Group, BMW Group and Daimler are entering into the race with joint plans to develop 400 sites by 2020. However Fastned has already built 55 stations through-out the Netherlands and, on December 1, announced the opening of Europe’s First Urban Fast Charging Station in the Hague.