London’s Rightcharge has raised €1.9 million (£1.6 million) in seed funding to tackle one of the biggest headaches in fleet electrification: paying drivers accurately for home charging. Led by Soulmates Ventures with backing from Blackwood Ventures, Unruly Capital, and Purple Ventures, the investment will fuel Rightcharge’s expansion across Europe and its mission to make fleet EV charging payments effortless.
The timing couldn’t be sharper. UK businesses buy more than half of all electric vehicles, yet fleet managers still struggle with spreadsheets and manual expense claims. The result? Costly delays, fraud risks, and fleets that lean too heavily on public chargers—sometimes ten times more expensive than home charging.
Automating Fleet EV Charging Reimbursements
Rightcharge links directly to drivers’ energy accounts, sending payments straight to their electricity bills rather than bank accounts. This keeps reimbursements accurate even when tariffs change and creates a transparent audit trail for tax compliance. Fleet vehicles connect to the platform with AI-driven validation that flags anomalies and cuts fraud.
“We’re building the payments infrastructure that will make EV charging effortless for fleets,” said Charlie Cook, founder and CEO. “The home is the quiet giant of electrification. Over 70 per cent of charging already happens there. Accurate, automated payments give businesses confidence to electrify faster, while cutting costs and carbon.”
A paired public charge card gives drivers access to more than 70 per cent of UK public chargers. All costs consolidate into one HMRC-compliant monthly bill. The Automobile Association reports savings exceeding £1,000 per vehicle annually and 64 per cent renewable energy usage through the platform.
European Push with Octopus Partnership
Rightcharge will channel the fresh capital into European expansion through a white-label partnership with Octopus Electroverse. The rollout targets Germany, France, the Netherlands, Belgium, Norway, and Ireland, with more markets to follow. By 2035, Rightcharge estimates more than 100 million drivers worldwide will need home charging reimbursement for work vehicles. The company aims to serve at least 10 million of them.
Hynek Sochor, founder and managing partner at Soulmates Ventures, noted the scale of the opportunity. “In Germany alone, 80 per cent of new high-end cars are company vehicles,” he said. “Rightcharge has scaled at impressive speed, combining rapid growth with virtually zero churn and a product that removes a key barrier to electrification.”
The platform already serves major UK fleets across construction, healthcare, and government sectors. With 10x ARR growth in 2025 and a product that slashes charging costs by up to 90 per cent while cutting carbon emissions by roughly 30 per cent, Rightcharge is positioning itself as the backbone for European fleet electrification.