Miralis Data secures £1.7m Seed funding led by Par Equity to expand its Fuuse platform
The Lancaster based cleantech firm has raised capital from Par Equity and a syndicate of angel investors to drive its growth strategy.
Transport focused cleantech company based in Lancaster that develops software and data science solutions for electric vehicles. It is the creator of the Fuuse charge point management platform.
Miralis Data has secured £1.7m in Seed funding to expand its electric vehicle charging platform, Fuuse. The capital will support the company as it increases headcount across offices in Lancaster and Glasgow. Par Equity led the financing round alongside a syndicate of angel investors organised by SaaS entrepreneur Kevin Beales.
The proceeds will be directed towards international expansion, scaling sales and customer support operations, and advancing product development and innovation programmes. Fuuse operates as a hardware independent platform providing fleet, workplace, and public charging infrastructure management across the UK.
Par Equity joins existing backers to support the firm as market demand grows for charge point management systems. Miralis previously secured grant funding from the Office of Zero Emission Vehicles and Transport Scotland to develop smart charging and energy management capabilities.
From the founder
"Fuuse is making phenomenal progress with charge points live on our platform from the Walkie Talkie building in London to a recycling site on the Isle of Man, and from the workplaces of national retailers, NHS Trusts and manufacturers to over 250 public charging sites from Cumbria to Dorset."
Michael Gibson
CEO at Miralis Data
Investor perspective
"We are hugely excited to be partnering with Miralis at this milestone in the growth of Fuuse. The pull from all corners of the market for Fuuse is testament to the quality of the offering that the team has built."
Alastair Moore
Senior Investment Manager, Par Equity
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Fund research and development
- 04Expand into international markets
Investors
About the company
Miralis Data
Miralis Data develops management software and operating systems for electric vehicle charge points.