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Fuse Energy
UK energy supplier and vertically integrated energy tech company offering cheaper, greener electricity and gas.
Revolut MafiaNext Unicorn
Energy supply
Renewable energy
Wholesale energy trading
ClimateTech
Rank #4
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Thesis
Revolut operating speed applied to energy retail plus generation: a vertically integrated supplier that can undercut incumbents while decarbonising.
Company profile
- Founded
- 2022
- HQ
- London, United Kingdom
- Founders
- Alan Chang, Charles Orr
- Business model
- Direct-to-consumer energy supply with wholesale trading
- Technology
- Software-driven energy retail platform with vertical integration into generation and trading
- Funding raised
- $199.9M
- Last known valuation
- $5B
- Investors
- Balderton Capital, Lowercarbon Capital, QuantumLight
- Founder background
- Alan Chang — former Revolut executive, CEO · Charles Orr — former Revolut employee, co-founder
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