Rightcharge, a London-based startup that automates fleet EV charging payments, has closed a £1.6 million seed funding round. Soulmates Ventures led the investment, with participation from Blackwood Ventures, Unruly Capital, and Purple Ventures. The company has achieved more than 10x ARR growth in 2025 and counts some of the UK's largest fleets among its customers, including The Automobile Association (AA).
The fresh capital will fuel Rightcharge's expansion into European markets. This includes a new partnership with Octopus Electroverse, which will white-label Rightcharge's home payments solution to drive growth in Germany, France, the Netherlands, Belgium, Norway, and Ireland.
Businesses purchase more than half of all EVs sold in the UK. Yet the charging experience remains fragmented and frustrating. Reimbursing employees for home charging is slow and prone to errors. Fleet managers still rely on spreadsheets and driver-submitted paperwork, creating openings for mistakes and fraud.
Existing payment systems were built for traditional fuel expenses. They're not designed to handle the complexities of EV home charging. Many companies resort to public charging as a result, even though it can cost 10 times more than charging at home. The lack of a reliable system is slowing electrification at exactly the moment when fleets should be moving faster.
Rightcharge eliminates this friction by automating reimbursements for home charging. The platform connects directly to a driver's energy account, crediting payments straight to their electricity bill rather than their bank account. This keeps reimbursements accurate even when tariffs change, reduces fraud risk, and creates a clear audit trail for tax compliance. Drivers are never left out of pocket.
Fleet vehicles can also be linked to the platform. AI-powered validation and anomaly detection prevent fraud and maintain accuracy. An accompanying public charge card gives drivers access to over 70% of UK public chargers. All costs are then 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 admin work for managers and giving drivers confidence they'll always be reimbursed fairly.
"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."
Charlie Cook founded Rightcharge in 2019. He built his career at the intersection of energy and electrification. Cook is a trained engineer who worked at CERN before becoming a founding member of Octopus Electric Vehicles and Octopus Electroverse. His mission with Rightcharge is to make sustainable transport easier for businesses and their employees.
The company is headquartered in London. Its platform automates home charging reimbursements, integrates with energy suppliers, vehicles, and charge points, and provides one card and app for public charging. Rightcharge's goal is to empower every fleet to transition to a fully electric future without the administrative headaches.
The AA and other major UK fleets already 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. Customers across construction, healthcare, and government are adopting the service to reduce admin burdens, support drivers, and speed up their EV transition.
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."
Soulmates Ventures is a mission-driven venture capital firm and accelerator dedicated to supporting sustainable innovations. They partner with founders to build and scale high-impact technologies, primarily in climate tech and sustainability sectors, by providing expert mentorship, strategic funding, and global market access.
Rightcharge is already adapting its technology for Germany, France, the Netherlands, Belgium, Norway, and Ireland through its Octopus Electroverse partnership, with additional 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.
