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

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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.