RVC invests in electric vehicles’ fast charging.

3 Jan 2019


To achieve Vision 2030 of the Kingdom of Saudi Arabia and the role of King Saud University in leveraging its capabilities by investing in knowledge-based companies locally and globally through its investment arm Riyadh Valley Company; RVC announces its participation in round C of investment in the Dutch company Fastned.
The company is in the business of selling electricity to its customers/members. The company currently operates 78 stations in the Netherlands with 50kW and 175kW outlets and is also able to provide latest technology with its 350kw outlets.
“Fastned is a unique independent player in the rapidly growing business of fast charging EVs”, says Dr. Khalid Alsaleh, CEO of RVC,” Fastned focuses on the Netherlands and now entering the German and UK market. Fastned is an early mover with several operational and under construction stations in Germany & the Netherlands with a plan to expands in the UK, Belgium and other countries.”