Fuuse raises 6m as EV charge point platform powers toward profitability

"Electric vehicle charging software company Fuuse has raised a further £6 million from its existing investors, Par Equity and YFM Equity Partners, as it accelerates growth and moves closer to profitability. The Lancaster-based platform - which provides EV charge point management software and services - said the follow-on investment came at an increased valuation after the company more than doubled its recurring revenues since its previous funding round."

"The new capital will be used to accelerate growth in key markets, expand customer support operations, and strengthen Fuuse's position as one of the UK's fastest-growing clean tech scale-ups. "This is a huge endorsement of the team at Fuuse and our long-term strategy," said Michael Gibson, CEO at Fuuse. "Taking this additional funding now gives us the resource to build on the great work the team has delivered and charge forward.""

Fuuse has raised a further £6 million from existing investors Par Equity and YFM Equity Partners as it accelerates growth and moves towards profitability. The Lancaster-based platform provides EV charge point management software and services and secured the follow-on investment at an increased valuation after more than doubling recurring revenues since the previous funding round. The new capital will accelerate growth in key markets, expand customer support operations, and strengthen Fuuse's position among the UK's fastest-growing clean tech scale-ups. Investors highlighted Fuuse's market momentum, leadership in EV charging infrastructure, scalable platform, and confidence in its management team.

Read at Business Matters