EV charging management platform Fuuse to expand on back of £1.7m investment
Electric vehicle charge point management platform Fuuse is pressing ahead with expansion plans after securing £1.7m in Seed funding.
Part of the Miralis Group, the platform is already popular with fleets, workplaces, NHS Trusts, local authorities, sporting venues and the EV charge point installer community – over 100 companies are signed up to Fuuse’s installer programme.
Supported by the new funding, it’s looking to become the enterprise level charge point management system of choice for fleets, workplaces, destinations and installers.
The investment, led by Par Equity and backed by a syndicate of angel investors led by SaaS entrepreneur Kevin Beales, will also create 30-plus further jobs at Fuuse’s Lancaster and Glasgow offices.
The funding will enable Fuuse to expand its sales and customer support operations, bolster its innovation programme, accelerate the platform’s product development roadmap and begin its planned international expansion.
Michael Gibson, CEO at Miralis, said: “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.
“This investment not only gives us the financial means but also access to exceptional people with vast experience in software, energy and infrastructure to help us accelerate our growth and continue to thrive.”
Alongside the Seed funding, Fuuse is also about to launch its advanced fleet smart charging and energy management capabilities, and enable charge point booking and blocked bay alerts, thanks to £600,000 grant funding from the Office for Zero Emission Vehicles and Transport Scotland.
Commenting on the latest funding, Dr Will Maden, chief innovation officer and co-founder at Miralis, said: “This investment validates not only the success we’ve had with Fuuse so far but also the strategy, potential and pipeline of work we’ve put in place to build on it.”