London-based Rightcharge raises €1.8 million to simplify EV charging payments for fleets across Europe
London-based Rightcharge has secured €1.8 million (£1.6 million) in a seed funding round to expand its fleet EV charging payment solution across Europe. The round was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.
Rightcharge has experienced over 10x ARR growth in 2025 and already counts major UK fleets such as The Automobile Association (AA) among its customers. The new funds will support the company’s international expansion through a partnership with Octopus Electroverse, which will white-label Rightcharge’s home payments solution for use in Germany, France, the Netherlands, Belgium, Norway and Ireland.
Businesses currently account for more than half of all EV purchases in the UK, but managing and reimbursing home charging remains a major challenge. Fleet managers often rely on spreadsheets and manual reporting, which can lead to mistakes, delays and fraud. Existing systems designed for traditional fuel expenses are ill-suited to the complexities of electric vehicle charging. As a result, many companies rely on public charging, which can cost up to ten times more than home charging.
Rightcharge addresses this problem by automating home charging reimbursements. The platform links directly to a driver’s energy account, ensuring payments are credited straight to their bill instead of their bank account. This method keeps reimbursements accurate even when tariffs change, prevents fraud, and maintains a clear, tax-compliant audit trail.
Fleet vehicles can also be linked through Rightcharge, with AI-driven validation to detect anomalies and guarantee accuracy. Drivers receive a public charge card providing access to over 70% of the UK’s public charging network, while all costs are consolidated into a single HMRC-compliant monthly bill. Fleets using the platform report savings of up to 90% on charging costs and carbon reductions of around 30%, while significantly reducing administrative workloads.
“We’re building the payments infrastructure that will make EV charging effortless for fleets,” said Charlie Cook, Founder and CEO of Rightcharge. “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, added, “Rightcharge has scaled at an 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.”
Rightcharge’s technology is already being used by The AA and other major UK fleets across construction, healthcare and government sectors. The AA has reported annual savings of over £1,000 per vehicle and achieved 64% renewable energy usage through the platform.
Through its partnership with Octopus Electroverse, Rightcharge is localising its technology for several European markets, with more regions to follow. The company estimates that by 2035, over 100 million drivers worldwide will need reimbursement solutions for home-charged work vehicles, and aims to serve at least 10 million of them.
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