Fastned, a charging company which is building a European network of fast charging stations, said it continued its rapid growth in the first quarter of 2019.

Revenue rose 236% year on year to EUR844,000 as the number of fully electric vehicles on the road continued to grow.

The market share of fully electric cars sold in the Netherlands as a share of new car sales rose to 7.32% in the first quarter of 2019, up from 3.15% in the same quarter of 2018.

The number of active customers rose 174% to 22,717.

The company reported 36,713 charging sessions in March 2019.

Five new stations were brought online: Van der Valk Gladbeck and Melle West; Albert Heijn XL Nijmegen, Pilsting and Oudenhorst, resulting in 90 stations operational by 31 March 2019

The first Tesla Model 3s with CCS started to charge at Fastned, with charging speeds of up to 126 kW at the 175 kW chargers.

Fastned won a Swiss tender that allows for the construction and 30-year operation of 20 fast charging stations at motorway service areas.

Fastned won a second tender in north east England for five fast charging stations.

In March 2019, Fastned successfully raised over EUR10.6m via a bonds issue of bonds.