Rightcharge, the UK startup that simplifies fleet EV charging payments, has raised £1.6m (€1.15m) in seed funding.
Charlie Cook, CEO and founder, Rightcharge
The round was led by Soulmates Ventures, joined by Blackwood Ventures, Unruly Capital and Purple Ventures.
The company – which has seen more than 10x ARR growth in 2025 and counts some of the UK’s largest fleets, including the AA, as customers – will use the funding to accelerate European expansion, including through a new partnership with Octopus Electroverse.
Rightcharge automates payments for home charging, enabling accurate reimbursement for drivers. This save fleets up to 90% on charging costs while also cutting carbon emissions by 30% compared to public charging. It also reduces admin for managers, eliminates mistakes and fraud, and gives drivers confidence they will always be reimbursed fairly.
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.
For the AA, Rightcharge has cut costs by over £1,000 per vehicle, per year and achieved 64% renewable energy usage.
The seed funding will help power expansion of the firm’s EV charging payments solution for Europe’s fleets.
A new deal with Octopus Electroverse to white-label Rightcharge’s home payments solution will drive international expansion into Germany, France, the Netherlands, Belgium, Norway and Ireland, 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.
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.”