Fastned achieves break-even

Thanks to rapidly increasing turnover, Fastned has reached the operational break-even point, the company announced as it released its third-quarter results. 

In Q3 2018, the Netherlands-based operator of EV charging stations achieved a turnover of €352,000, a 199% increase over the same quarter last year. Over the same period, the number of customers increased by 165%, to 12,677. 

Fastnet also announced that is has reissued bonds, in order to finance further growth. The company is presently expanding its network in Germany, where it is constructing 15 new EV charging stations.