The funding round was let by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.
Rightcharge has grown significantly in 2025 and counts some of the UK’s largest fleets, including The Automobile Association (AA), as customers.
Businesses buy more than half of all EVs sold in the UK, yet accessing public charging is fragmented and reimbursing employees for charging at home is still a slow, error-prone process. Fleet managers are forced to rely on spreadsheets and driver-submitted paperwork, creating opportunities for mistakes and fraud. Additionally, existing payment systems, designed for traditional fuel expenses, are not equipped to manage the complexities of EV home charging. As a result, many companies fall back on public charging, which can cost ten times more than charging at home. The lack of a reliable system is slowing down electrification at the very moment when fleets should be accelerating it.
Rightcharge is attempting to remove this barrier by automating reimbursements for home charging. The platform links directly to a driver’s energy account, so payments are credited straight to their bill rather than their bank account. This ensures reimbursements stay accurate even when tariffs change, reduces the risk of fraud, and creates a clear audit trail for tax compliance, all while preventing drivers from being left out of pocket.
Fleet vehicles can also be linked, with AI-powered validation and anomaly detection applied to prevent fraud and guarantee accuracy. An accompanying public charge card gives drivers access to over 70 percent of UK public chargers, while all costs are consolidated into a single HMRC-compliant monthly bill. Fleets using Rightcharge cut charging costs by up to 90 percent and carbon emissions by around 30 percent, while reducing admin for managers and giving drivers confidence they will 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 percent 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.”
The AA and other leading fleets throughout the UK 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 percent renewable energy usage. Customers across construction, healthcare and government are adopting the service to reduce admin, support drivers and accelerate their EV transition.
“Rightcharge has scaled at impressive speed, combining rapid growth with virtually zero churn and a product that removes a key barrier to electrification” added Hynek Sochor, Founder and Managing Partner at Soulmates Ventures. “For fleets, the savings are so significant that adoption becomes an obvious choice. Europe offers a vast opportunity. In Germany alone, 80 percent 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.”
Rightcharge is already localising its technology for Germany, France, the Netherlands, Belgium, Norway and Ireland through its Octopus Electroverse partnership, 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.
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