Fuuse to create 30 jobs with £1.7m funding

Lancaster-based Miralis Data is set to create 30 jobs after receiving £1.7m funding for its Fuuse project.

Fuuse is the company's fast-growing electric vehicle charging platform. The seed funding has been provided by Par Equity, backed by a syndicate of angel investors led by SaaS entrepreneur Kevin Beales.

The finance will support the company’s strategy to become the enterprise level charge point management system of choice for fleets, workplaces, destinations and installers.

Fuuse will create the jobs across its Lancaster and Glasgow offices, expanding its sales and customer support operations, bolstering its innovation programme, accelerating the platform’s product development roadmap and beginning 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."

Alastair Moore, investment manager with Par Equity, said: "We are hugely excited to be partnering with Miralis at this milestone in the growth of Fuuse. The pull from all corners of the market for Fuuse is testament to the quality of the offering that the team has built.

"It has already established itself as the leading end-to-end platform for managing EV charge point assets and with 7 million EVs forecast to be on UK roads by 2030, the time for scaling up the infrastructure to serve this is now, with Fuuse perfectly placed to power this. We’re looking forward to the journey ahead."

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