Fastned reports record-breaking quarter and expansion into Spain

Fastned, a leading European fast-charging network, has reported impressive third-quarter results, including a 44% year-on-year increase in revenue and new records for renewable energy sales and charging sessions. The company is also expanding its footprint, with new stations opening in the UK and Spain, as it solidifies its position as a major player in the continent's transition to electric vehicles.

Fastned's Q3 2025 update reveals a significant leap in financial performance. The company reported €31.5 million in revenue related to charging, marking a 44% increase compared to the same quarter last year. This substantial growth is attributed to a 32% surge in the sales of renewable energy, reaching 46.8 GWh. These figures represent new quarterly records for Fastned, underscoring its growing influence in the electric vehicle charging market. The company also facilitated 1.7 million charging sessions during the quarter, further demonstrating its expanding customer base and operational capacity. Fastned's financial achievements reflect the increasing demand for EV charging infrastructure and the company's ability to capitalise on this trend. These results position Fastned as a key player in supporting Europe's transition to electric mobility, aligning with broader sustainability goals and market demands.

Strategic expansion across Europe

Fastned is not only achieving financial milestones but also strategically expanding its network across Europe. The company's reach now extends to nine countries with the recent addition of its first stations in Spain. Further solidifying its presence, Fastned has commenced construction of a new charging station in Hatton Cross, London, in collaboration with Places for London. This project highlights Fastned's commitment to expanding its infrastructure in key urban areas. Additionally, Fastned is expanding its largest charging stations to date in Gentbrugge, demonstrating a focus on increasing capacity and meeting the growing demand for EV charging. The company also inaugurated a new station in Vitry-en-Charollais, France, further extending its network coverage. These strategic expansions underscore Fastned's ambition to become a pan-European leader in the EV charging market, providing convenient and reliable charging solutions to drivers across the continent.

Executive perspectives on growth

Michiel Langezaal, co-founder and CEO of Fastned, expressed confidence in the company's continued success, stating that the Q3 results demonstrate how Fastned's concept continues to outperform the market. Langezaal highlighted the company's strategic position to capitalise on the shift towards an electric-only future by 2035, reinforcing Fastned's commitment to leading the charging industry as a major European player.

Fastned's Q3 2025 performance indicates that its strategic approach is proving effective in a competitive market. The company's focus on fast-charging solutions, coupled with its commitment to renewable energy, resonates with the growing number of EV drivers seeking convenient and sustainable charging options. The reported increase in revenue, renewable energy sales, and charging sessions highlights Fastned's ability to capture a significant share of the expanding EV market. Moreover, the company's expansion into new markets, such as Spain, demonstrates its proactive approach to growth and its ambition to become a pan-European leader. Fastned's emphasis on strategic partnerships, as evidenced by the joint venture with Places for London, further strengthens its position and enables it to leverage local expertise and resources. The company's overall performance suggests it is well-positioned to continue outperforming the market and to drive the transition to electric mobility in Europe.

Industry impact

Looking ahead, Fastned is poised to play an increasingly vital role in shaping the future of electric vehicle infrastructure in Europe. As the automotive industry accelerates its shift to electric vehicles, demand for reliable, convenient charging solutions is expected to grow exponentially. Fastned's strategic investments in expanding its network, increasing charging capacity, and utilising renewable energy sources position it as a key enabler of this transition. As governments across Europe implement policies to promote electric vehicle adoption, Fastned's infrastructure will become even more critical in supporting these initiatives.