YFM Equity Partners and Par Equity invest £8.7m in EV software provider Fuuse 

Private Equity Wire

Private equity firms YFM Equity Partners and Par Equity, alongside an angel syndicate, have made an £8.7m growth capital investment into Fuuse, a UK provider of electric vehicle charging software.  

According to a press statement, the combined investment will help Fuuse to expand its customer base and increase density in the UK market.

Fuuse was launched in 2021 and is based in Lancaster. The company’s EV charge point management software platform is built to open standards and compatible with OCPP compliant hardware, serving customers in both the public and private sector.

Pannone Corporate, Gneiss Energy, NovAzure, KBS Ventures, Sales Blueprint, CM People Partner and The Startup Factory advised on the deal.

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