Rightcharge Secures €1.8 Million to Expand Fleet EV Charging Payment Platform Across European Markets

Funding Round and Expansion Plans

London-based electric vehicle charging platform Rightcharge has reportedly secured €1.8 million (£1.6 million) in a seed funding round to accelerate its European expansion, according to recent reports. Sources indicate the investment was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.

Funding Round and Expansion Plans
Addressing Fleet Charging Challenges
Technology Solution and Benefits
Leadership and Investor Perspectives
Market Traction and Future Ambitions

The company plans to leverage the new capital to expand its fleet EV charging payment solution across Europe through a strategic partnership with Octopus Electroverse, which will white-label Rightcharge’s home payments technology for deployment in Germany, France, the Netherlands, Belgium, Norway and Ireland. Analysts suggest this expansion addresses a significant gap in the European electric vehicle infrastructure market.

Addressing Fleet Charging Challenges

According to the report, businesses currently account for more than half of all EV purchases in the UK, but managing and reimbursing home charging remains a major operational hurdle. Fleet managers typically rely on spreadsheets and manual reporting systems that can lead to errors, delays and potential fraud.

Existing expense systems designed for traditional fuel purchases are reportedly ill-suited to the complexities of electric vehicle charging, forcing many companies to rely on public charging stations that can cost up to ten times more than home charging alternatives.

Technology Solution and Benefits

Rightcharge’s platform automates home charging reimbursements by linking directly to drivers’ energy accounts, ensuring payments are credited straight to their utility bills rather than bank accounts. This approach reportedly maintains accuracy even when energy tariffs change, prevents fraud, and creates a clear, tax-compliant audit trail., according to recent research

The platform also features AI-driven validation to detect anomalies and guarantee accuracy across fleet vehicles. 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., according to related news

Fleets using the platform have reportedly achieved savings of up to 90% on charging costs and carbon reductions of approximately 30%, while significantly reducing administrative workloads.

Leadership and Investor Perspectives

“We’re building the payments infrastructure that will make EV charging effortless for fleets,” said Charlie Cook, Founder and CEO of Rightcharge, according to the company’s statement. “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.”

Hynek Sochor, Founder and Managing Partner at Soulmates Ventures, added that “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.”

Market Traction and Future Ambitions

Rightcharge has experienced over 10x annual recurring revenue growth in 2025 and already counts major UK fleets such as The Automobile Association (AA) among its customers. The AA has reportedly achieved annual savings of over £1,000 per vehicle and reached 64% renewable energy usage through the platform.

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 through its expanding European presence and technology partnerships.

References

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