Lancaster-based Miralis Data has secured £1.7m in seed funding to accelerate the growth of its EV charging platform Fuuse, creating more than 30 jobs across the company’s Lancaster and Glasgow offices.
Launched in 2021, Fuuse enables organisations to manage its charge point infrastructure, control access, ensure uptime, reduce energy costs, take payments and generate more income through roaming.
Scalable across sectors and hardware independent, Fuuse is proving popular with fleets, workplaces, NHS Trusts, local authorities, sporting venues and with the EV charge point installer community, the company said. Over 100 companies are signed up to Fuuse’s installer programme.
This latest investment will support its strategy to become the enterprise level charge point management system of choice for fleets, workplaces, destinations and installers. It will also enable Fuuse to expand its sales and customer support operations, grow its innovation programme and accelerate the platform’s product development roadmap.
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.”
The funding round was led by Par Equity and backed by a syndicate of angel investors led by SaaS entrepreneur Kevin Beales.
Alastair Moore, investment manager with Par Equity, added: “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.”
Additionally, the company secured a £600,000 grant from the Office of Zero Emission Vehicles and Transport Scotland, which it will use to launch its advanced fleet smart charging and energy management capabilities and enable charge point booking and blocked bay alerts.
