Fuuse secures £6m from YFM Equity Partners and Par Equity to fund continued growth.
The investment round was led by existing backers YFM Equity Partners and Par Equity.
Fuuse develops a software platform designed to manage and optimise electric vehicle charging infrastructure for various organisations. Based in Lancaster, the firm helps clients oversee charging networks, payments, and energy consumption.
Lancaster-based electric vehicle charge point management platform Fuuse has secured £6m in funding to support its ongoing commercial growth. The investment round was led by existing backers YFM Equity Partners and Par Equity.
The company has experienced rapid expansion, more than doubling its recurring revenues since the previous funding injection. Fuuse currently manages over 150,000 customer support calls annually and has extended its reach into international markets such as Italy and Sweden.
The fresh capital will enable the firm to continue scaling its operations and pursue its path towards profitability. Fuuse provides software solutions for organisations managing electric vehicle charging infrastructure, counting major partners such as Arnold Clark and Be.EV among its clients.
Investor perspective
"Fuuse continues to go from strength to strength. The team has built a scalable platform that’s helping shape the future of EV charging infrastructure in the UK and beyond. This follow-on investment reflects our continued confidence in both the business and its leadership as they deliver on their mission to make EV charging smarter, more efficient, and more accessible."
Jonathan Marlow
Partner, YFM Equity Partners
