A Lancaster company has secured a £1.7m fundong boost to accelerate the growth of its electric vehicle charging platform and create more than 30 jobs.
The investment into Miralis Data was led by Par Equity and backed by a syndicate of angel investors headed by SaaS entrepreneur Kevin Beales.
The funding will enable Fuuse to expand its sales and customer support operations, bolster its innovation programme, accelerate the platform’s product development roadmap and begin its planned international expansion.
Miralis chief executive Michael Gibson 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, 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 seven 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.”
Will Maden, chief innovation officer and co-founder at Miralis, said: “This investment validates not only the success we’ve had with Fuuse so far but also the strategy, potential and pipeline of work we’ve put in place to build on it.”