Rightcharge, the UK startup that simplifies fleet EV charging payments, has raised £1.6 million in seed funding.
The round was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.
The company has seen more than ten times annual recuring revenue (ARR) growth in 2025, and counts some of the UK’s largest fleets, including The Automobile Association (AA), as customers. It said the funding will be used to accelerate European expansion, including through a new partnership with Octopus Electroverse.
Rightcharge removes barrier to domestic charging by automating reimbursements. The platform links directly to a driver’s energy account, so payments are credited straight to their bill rather than their bank account.
This strategy ensures reimbursements stay accurate even when tariffs change, reduces the risk of fraud, and creates a clear audit trail for tax compliance, all while preventing drivers from being left out of pocket, the company said.
Fleet vehicles can also be linked, with AI-powered validation and anomaly detection applied to prevent fraud and guarantee accuracy. An accompanying public charge card gives drivers access to over 70% of UK public chargers, while all costs are consolidated into a single HMRC-compliant monthly bill.
Fleets using Rightcharge cut charging costs by up to 90% and carbon emissions by around 30%, while reducing administration for managers and giving drivers confidence they will always be reimbursed fairly.
The AA and other leading fleets throughout the UK use Rightcharge’s technology to manage home and public charging. For The AA, Rightcharge has cut costs by over £1,000 per-vehicle-per-year and achieved 64% renewable energy usage.
Rightcharge islocalising its technology for Germany, France, the Netherlands, Belgium, Norway and Ireland through its Octopus Electroverse partnership, with further markets planned. The company estimates that by 2035, more than 100 million drivers worldwide will require reimbursement for charging work vehicles at home. Rightcharge’s ambition is to serve at least 10 million of them.
The news also comes as the firm’s Charlie Cook is set to speak at the upcoming Transport + Energy Forum at Warwick Conferences on 20 November.
Charlie Cook, Founder and CEO of Rightcharge, said:
“We’re building the payments infrastructure that will make EV charging effortless for fleets. The home is the quiet giant of electrification. Over 70% of charging already happens there. Accurate, automated payments give businesses confidence to electrify faster, while cutting costs and carbon.
“Thanks to our investors and our partnership with Octopus, we’re now bringing that capability to fleets across Europe.”
Hynek Sochor, Founder and Managing Partner at Soulmates Ventures, said:
“Rightcharge has scaled at impressive speed, combining rapid growth with virtually zero churn and a product that removes a key barrier to electrification. For fleets, the savings are so significant that adoption becomes an obvious choice. Europe offers a vast opportunity.
“In Germany alone, 80% of new high-end cars are company vehicles. Rightcharge is uniquely positioned to become the backbone for European fleets – all this while also delivering clear benefits for the planet.”
Image from Shutterstock
