Fuse Energy, a renewable energy and EV charging solutions provider, has secured $70 million in Series B funding led by Balderton and Lowercarbon Capital.
The investment has increased the company’s valuation to $5 billion and is expected to accelerate the expansion of the energy network, scaling grids across global markets and launching supply operations in countries such as the U.S., Ireland, and Spain.
“From source to socket, we are simplifying the entire energy system by bringing every stage in-house. Combined with a relentless focus on efficiency and execution, we’re solving problems no one else can. This new capital and continued investor demand reinforce that we’re building one of the defining companies of the next decade,” said Alan Chang, Co-founder and CEO, Fuse Energy.
The company is also planning to develop 1 TW of solar, wind, and storage projects worldwide, introduce a plug-and-play solar-battery kit, and roll out its intelligent home energy operating system.
“Europe needs sustainable, scalable, and resilient power to support the next wave of technological and economic growth, as AI accelerates and energy demand rises,” said Daniel Waterhouse, General Partner, Balderton.
In 2022, the company raised $78 million from Balderton and Lakestar, with additional participation from Accel, Creandum, Lowercarbon, Ribbit, and BoxGroup, as well as several strategic angels.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, in 9M 2025, VC funding activity decreased 17% YoY, with $2.9 billion raised in 55 deals compared to the $3.5 billion raised in 39 deals in 9M 2024. Solar downstream companies led financing activity with 40 deals worth $2.5 billion in 9M 2025.
In November, Solfium, a company that provides integrated solar energy solutions, raised the initial $7 million equity investment in its $10 million Series A funding round. The funding was led by Accion and ALIVE Ventures, with participation from Kamay Ventures.
