Fuuse Secures £8.7m Series A Funding for Growth
Fuuse, the UK’s leading electric vehicle charge point management platform, has closed an impressive £8.7m Series A round to power its growth in the UK and Ireland. The investment comes from lead investor YFM Equity Partners, along with existing investors Par Equity and an angel syndicate. This funding will fuel Fuuse's expansion as it continues to deliver a trusted and reliable charging experience for charge point operators, destinations, fleets, and workplace charging.
Headquartered in Lancaster and with over 60 employees, Fuuse has experienced a remarkable 400% growth in the past year.
The company now serves over 750 clients and over 70,000 active users, processing enough electricity annually to power the entire UK for an hour. Fuuse is dedicated to scaling its enterprise product offer and providing innovative solutions to partners like SSE, Scottish Power, British Airways, Siemens, United Utilities, and Arnold Clark. The company continues to lead in EV infrastructure by exploring projects such as bi-directional charging and wireless induction charging.
Commenting on the investment, Fuuse CEO Michael Gibson expressed excitement about the partnership with YFM, noting their shared vision for the future of EV infrastructure. YFM Partner Andy Thomas highlighted Fuuse's comprehensive product offerings and strong management team, positioning the company for success in a rapidly growing market. Par Equity's Senior Investment Manager Alastair Moore emphasized Fuuse's significant growth since their initial investment, recognizing the company as a market leader in the UK and Irish EV infrastructure. With this new funding, Fuuse is well-positioned to capitalize on emerging opportunities and drive the future of sustainable transport.
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