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5 June 2024
Investment: Fuuse
Investment Type: Growth Capital
Investment Amount: £5 million
Sector: Energy
By 2035, it is projected that every other car sold globally will be electric based*. As nations continue to work towards meeting energy and climate targets, the transition to EVs continues to gather pace. And with this shift, a whole eco-system of EV support industries is being cultivated. This includes the EV charging sector, which is growing fast – in step with the rapid uptake of emissions efficient cars.
Opportunities for success in this sector abound – providing you can offer a charging solution that stands-out from the competition. It’s here that YFM’s latest investee business – Fuuse – has carved out a reputation. The company’s EV charge point management software platform is a hardware agnostic solution that allows charge point and fleet operators to control, maintain, monetise and optimise their charging networks.
Fuuse has established itself as a leading provider of EV charging software and is now poised for robust growth. YFM’s investment will help to propel Fuuse into this next phase, as it seeks to expand its customer base and increase density in the UK market – calling upon a combination of winning qualities.
Flexibility and Responsiveness
Launched in 2021, Lancaster-headquartered Fuuse was created to help make EV transition straightforward and encourage more people to go electric.
Offered on a white label basis, Fuuse software enables a broad range of customers, in both the public and private sector, to deliver their EV objectives. Through its intuitive features, Fuuse helps organisations to meet their individual EV charging infrastructure needs, thus breaking down barriers to EV transition.
This responsive and flexible approach has resulted in Fuuse’s impressive growth to date and the company is now seeking to build upon its momentum.
Stand-Out Technology
Fuuse has designed its software platform to constantly evolve, helping to futureproof EV charging infrastructure, for customers.
Via one purpose-built back-office system, Fuuse enables users to save energy, reduce costs, access additional chargers, resolve problems quickly and generate revenue from their charging network.
Fuuse’s strength lies in a highly experienced technical team, forged from a variety of development and UX backgrounds. Together, they are focused on delivering the highest quality software and app functionality to customers, as well as the smoothest user experience.
Catalysing Change
At YFM Equity Partners, we’re always drawn to businesses with a clear, defined mission and, from the start, Fuuse has been driven by a mission to curate the future of the EV infrastructure.
The company places great emphasis on being a catalyst for change and championing the pursuit of a sustainable planet through pioneering technology. Its product is intended to support customers on their journey to net-zero. At its core is a desire to achieve a greener future for all. Powered by this objective, it’s clear that Fuuse is set for even greater success going forward and YFM looks forward to being a part of this.
* https://www.iea.org/reports/global-ev-outlook-2024/executive-summary
