London-based Rightcharge has secured €1.8 million (£1.6 million) in a seed funding spherical to develop its fleet EV charging fee answer throughout Europe. The spherical was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.
Rightcharge has skilled over 10x ARR progress in 2025 and already counts main UK fleets corresponding to The Car Affiliation (AA) amongst its clients. The brand new funds will help the corporate’s worldwide enlargement by way of a partnership with Octopus Electroverse, which can white-label Rightcharge’s residence funds answer to be used in Germany, France, the Netherlands, Belgium, Norway and Eire.
Companies at present account for greater than half of all EV purchases within the UK, however managing and reimbursing residence charging stays a significant problem. Fleet managers usually depend on spreadsheets and handbook reporting, which may result in errors, delays and fraud. Present methods designed for conventional gas bills are ill-suited to the complexities of electrical automobile charging. Consequently, many corporations depend on public charging, which may price as much as ten occasions greater than residence charging.
Rightcharge addresses this drawback by automating residence charging reimbursements. The platform hyperlinks on to a driver’s power account, making certain funds are credited straight to their invoice as an alternative of their checking account. This technique retains reimbursements correct even when tariffs change, prevents fraud, and maintains a transparent, tax-compliant audit path.
Fleet autos will also be linked by way of Rightcharge, with AI-driven validation to detect anomalies and assure accuracy. Drivers obtain a public cost card offering entry to over 70% of the UK’s public charging community, whereas all prices are consolidated right into a single HMRC-compliant month-to-month invoice. Fleets utilizing the platform report financial savings of as much as 90% on charging prices and carbon reductions of round 30%, whereas considerably decreasing administrative workloads.
“We’re constructing the funds infrastructure that may make EV charging easy for fleets,” mentioned Charlie Cook dinner, Founder and CEO of Rightcharge. “The house is the quiet large of electrification. Over 70% of charging already occurs there. Correct, automated funds give companies confidence to affect sooner, whereas chopping prices and carbon. Because of our buyers and our partnership with Octopus, we’re now bringing that functionality to fleets throughout Europe.”
Hynek Sochor, Founder and Managing Associate at Soulmates Ventures, added, “Rightcharge has scaled at a formidable pace, combining speedy progress with just about zero churn and a product that removes a key barrier to electrification. For fleets, the financial savings are so vital that adoption turns into an apparent selection. Europe presents an unlimited alternative. In Germany alone, 80% of latest high-end automobiles are firm autos. Rightcharge is uniquely positioned to grow to be the spine for European fleets – all this whereas additionally delivering clear advantages for the planet.”
Rightcharge’s expertise is already being utilized by The AA and different main UK fleets throughout building, healthcare and authorities sectors. The AA has reported annual financial savings of over £1,000 per automobile and achieved 64% renewable power utilization by way of the platform.
Via its partnership with Octopus Electroverse, Rightcharge is localising its expertise for a number of European markets, with extra areas to observe. The corporate estimates that by 2035, over 100 million drivers worldwide will want reimbursement options for home-charged work autos, and goals to serve at the very least 10 million of them.
