- Fuuse secures £8.7M Series A funding led by YFM Equity Partners for EV charging revolution
- Remarkable 400% growth in past year; serves 750+ clients and 70,000+ users
- Innovating with bi-directional charging, V2G, Fuuse poised for global expansion
EV charging powerhouse, Fuuse, has secured an impressive £8.7 million in Series A funding
Fuuse’s round was led by YFM Equity Partners, this investment, along with contributions from stalwarts like Par Equity and an angel syndicate.
Michael Gibson, Fuuse’s visionary CEO, commented:
“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.”
Based in Lancaster, Fuuse has experienced an exponential 400% growth surge over the past year. With a workforce exceeding 60, Fuuse now boasts over 750 clients and an active user base surpassing 70,000. Amazingly, the company processes enough electricity annually to power the entire UK for an hour.
Now, Fuuse is gearing up to amplify its enterprise product offerings.
Collaborating with industry heavyweights like Veolia and EDF, Fuuse is spearheading several grant-funded projects. These will optimise energy consumption and drive down costs through bi-directional charging and vehicle-to-grid (V2G) technology.
Andy Thomas, YFM Partner, expressed enthusiasm:
“We are thrilled to have joined Fuuse on the next stage of their journey. The company’s software is designed to constantly evolve, helping to futureproof EV charging infrastructure. It’s a comprehensive product that can serve the differing needs of a range of customers, which places it in an advantageous position going forward. Led by a strong management team, with a clear vision and sophisticated strategic approach – which will be crucial to its future success and will enable responsiveness in a fast-growing market. We are confident that, with our support, Fuuse can take full advantage of emerging opportunities.”
