Lancaster-based electric vehicle (EV) charge point management platform Fuuse has secured £8.7 million in a funding round to expand its operations across the UK and Ireland. Founded in 2021, Fuuse offers a comprehensive, white-labelled management platform that includes features like flexible payments, dynamic pricing, booking controls, and maintenance tracking. High-profile clients such as SSE, Scottish Power, British Airways, Siemens, United Utilities, and Arnold Clark already utilize the platform. Fuuse is also engaged in a grant-funded project with EDF and Veolia, aiming to optimize energy consumption to reduce EV fueling costs, and is developing solutions like wireless induction charging and infrastructure for buses, heavy goods vehicles, and boats. The funding round was led by YFM Equity Partners, alongside existing investors Par Equity and a syndicate of angel investors. YFM Partner Andy Thomas highlighted that Fuuse’s adaptable software positions it favorably for future growth. CEO Michael Gibson noted that the investment will allow Fuuse to enhance its infrastructure and deliver optimized, reliable EV charging services.
Electric Vehicle Infrastructure, Software as a Service (SaaS), Renewable Energy,United Kingdom, Ireland