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Fuse Energy

Can a Revolut-pedigree team rebuild the entire energy supply chain — from generation to billing — as a vertically integrated tech-first utility, and apply fintech-grade UX to displace incumbent suppliers across the UK and Europe?

Founded2022
HQLondon, UK
FoundersAlan Chang, Charles Orr
Total raised€85 million+
Latest roundFollow-on, December 2025 / July 2025
Valuation€4.2 billion ($5 billion post-money, December 2025)
IndustryVertical SaaS / Energy
The story

Founded in 2022 by former Revolut executives Alan Chang and Charles Orr, Fuse Energy entered the UK electricity supply market with a technology-first approach aimed at owning the entire energy value chain from source to socket. By mid-2025, it had scaled to 50,000 homes and $90M in annualised revenue before expanding into domestic gas. The company has attracted significant venture backing from fintech-adjacent investors (Ribbit, Accel, Multicoin) alongside climate-focused funds, suggesting an ambition to embed financial-style UX and fintech infrastructure into the energy customer experience.

Last 12 months
2025-07
2025-12
Product timeline
2022
Founded in London by former Revolut executives Alan Chang and Charles Orr with a vision to own the entire energy journey from source to socket.· pivot
2025
Reached 50,000 UK homes supplied with electricity and $90 million in annualised revenue.· banking
2025
Launched domestic gas supply product, entering the gas market alongside electricity.· pivot
2025
Raised €59 million follow-on round led by Lowercarbon Capital and Balderton Capital, valuing the company at €4.2 billion.· ipo
The stack
Accounting gap: none