Results Q1 2016
6 April 2016
Fastned continues to grow rapidly in terms of the number of customers, kWh delivered and revenues. On top of this we see a major shift in the perception towards electric cars around the world and in the Netherlands. End of March the Dutch Parliament adopted a motion ordering the Government to strive for 100% of new cars sold after 2025 to have zero emissions. The enormous interest in the Tesla Model 3 (already more than 280,000 pre-orders) shows that people can’t wait to drive electric. We are building the charging network that will be required to provide all these cars with the electricity they need.
Since mid-December of 2015, new customers get their first month of charging at Fastned for free. This policy is very successful and as a result volumes grew somewhat faster than revenues in the first quarter. During the second half of the quarter Fastned has installed Tesla adaptors at most of its stations, which allows Tesla’s to fast charge at Fastned. Half of the full electric vehicle fleet in the Netherlands is currently a Tesla, and these adaptors should add to the growth of Fastned going forward. Fastned is working hard to expand her network into urban locations and to the rest of Europe. To finance this European expansion, Fastned is planning to issue new shares of certificates in the near future.