Fuuse secures £8.7m Series A funding led by YFM Equity Partners to expand its electric vehicle charging platform.
The Series A round was led by YFM Equity Partners with participation from Par Equity and an angel syndicate.
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 £8.7m in a Series A funding round. The investment was led by YFM Equity Partners, with additional backing from existing investor Par Equity and an angel syndicate.
The capital will be directed towards scaling the firm's enterprise product offerings and expanding services for its network of solutions partners. Fuuse has experienced rapid growth over the past year, increasing its client base and processing millions in charging transactions.
The fresh funding arrives as the company continues to develop innovations in energy optimisation, including vehicle-to-grid integration and wireless induction charging. Its platform is utilised by major organisations spanning aviation, utilities, and transport.
From the founder
"YFM’s experience of working with innovation-led businesses has proved invaluable. The team immediately understood our vision and recognised our potential. With the backing of YFM, Par and our angel investors, we can continue to curate the future of EV infrastructure and help more customers to deliver an optimised, reliable and trusted EV charging experience."
Michael Gibson
CEO at Fuuse
Investor perspective
"Since we first partnered with Fuuse in 2022, the company has seen dramatic growth, establishing itself as a market leader in the UK providing a robust, reliable software solution across the UK and Irish EV infrastructure and building a fantastic platform for international expansion."
Alastair Moore
Senior Investment Manager, Par Equity
Use of funds
- 01Continue product development
