Fastned saw sales from its charging activities grow by a hefty 177 percent

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In the fourth quarter of 2022, the fast charging company Fastned saw sales from its charging activities grow by a hefty 177 percent. The company benefits from the increasing electrification of the vehicle fleet.

In addition, the charging station operator opened 30 new stations in the fourth quarter, including the largest ever built by Fastned. The station is located near Paris Charles de Gaulle airport. The charging turnover for the whole of 2022 reached 36.0 million euros.

The company does not provide figures on net profit or loss.

“The last quarter of 2022 was very exciting. First of all, we have, with more construction projects in progress than ever before in the history of Fastned.” — Michiel Langezaal, CEO Fastned

Interestingly, some founders think it’s time to cash in. Founder and CEO Michiel Langezaal and co-founder Bart Lubbers will each divest about 380,000 shares. The investment company Breesaap does the same.

In total, these sales account for about 6 percent of the capital. “The reason for Michiel Langezaal, Bart Lubbers and Breesaap to sell part of their interests is to diversify their portfolios, meet tax obligations and repay loans,” it said in a press release.