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Fuuse

Electric Vehicle (“EV”) charge point software, remotely manages EV chargepoints and payments

Website
YFM investment
£5m
Investment date(s)
2024
Deal type
Growth Capital
Location
Lancaster

"YFM's experience of working with innovation-led businesses has proved invaluable. The team immediately understood our vision and recognised our potential. With YFM's backing we can now continue to curate the future of EV infrastructure and help more customers to deliver an optimised EV charging experience. Importantly, through the further proliferation of our cutting-edge technology, we will also support the transition to zero emissions."

Michael Gibson, CEO

Key Information

The Business

Fuuse is a leading software platform for electric vehicle (EV) charge point management, designed to help organisations optimise the operation of their charging infrastructure. Based in Lancaster, Fuuse provides a scalable solution tailored to a wide range of sectors, including fleets, workplaces, and local authorities.

The platform offers advanced features such as energy monitoring, payment integration, and user access controls, empowering operators to maximise efficiency, reduce costs, and enhance the EV charging experience for users.

Why We Invested

YFM Equity Partners recognised Fuuse as a dynamic player in the rapidly growing EV sector, which is being driven by increasing global adoption of electric vehicles and the need for effective charging solutions. Fuuse addresses a critical challenge in the EV ecosystem by offering a software-first approach that improves operational performance and sustainability.

Led by an experienced and innovative team, Fuuse has demonstrated strong early traction, with a robust product offering and a clear strategy for growth. Its focus on enabling the transition to cleaner transportation aligns with YFM’s commitment to supporting businesses that drive positive environmental impact.

Growth Potential

YFM’s investment will enable Fuuse to accelerate its expansion and capitalise on emerging opportunities through:

  • Platform Development: Investing in new features and capabilities to enhance the user experience and cater to evolving market needs.
  • Market Expansion: Extending its reach across the UK and targeting new international markets where EV adoption is accelerating.
  • Customer Acquisition: Scaling sales and marketing efforts to attract a broader client base across fleets, public sector organisations, and commercial operators.
  • Team Growth: Expanding its team to support product innovation, customer success, and operational scaling.

With YFM’s backing, Fuuse is well-positioned to become a leader in EV charge point management, supporting the transition to a sustainable, electrified future.

In the News

Transport and Energy

Fuuse Secures OCPP Certification, Strengthening EV Charging Capabilities

Lancashire Business View

Fuuse Strengthens EV Charging Solutions with the Acquisition of Everyday EV

 

The EV Report

Fuuse Integrates with Gireve to Enhance EV Roaming and Charging Accessibility