Rightcharge raises £1.6m to power EV charging payments

Rightcharge, a London-based start-up that offers fleet EV charging payment solutions, has raised £1.6 m in seed funding. 

The Rightcharge platform brings all charging expenses together into a single tax-compliant bill for fleets, ensuring accurate reimbursement for drivers.

The funding round was led by Soulmates Ventures, with participation from Blackwood Ventures, UnrulyCapital and Purple Ventures. 

Rightcharge will use the funding to accelerate its expansion across Europe, supported by a new partnership with Octopus Electroverse.

The company says that in the UK, businesses purchase more than half of all EVs, but public charging remains fragmented and reimbursing employees for home charging is often slow and error-prone. Many fleet managers still use spreadsheets and driver-submitted paperwork, which increases the risk of inaccuracies. 

Existing payment systems, built for conventional fuel expenses, are not set up to handle EV home charging. Consequently, some companies rely more on public charging, which can be up to ten times more expensive than charging at home. These gaps in process and infrastructure are delaying fleet electrification at a time when adoption needs to accelerate.

Rightcharge removes this barrier by automating reimbursements for home charging. The platform links directly to a driver’s energy account, allowing payments to be credited to their electricity bill instead of their bank account.

The company says this approach maintains accuracy even when energy tariffs change, minimises the risk of fraud, and provides a transparent audit trail for tax compliance, all while preventing drivers from being left out of pocket.

Fleet vehicles can be connected as well, with AI-driven validation and anomaly detection to reduce fraud and improve accuracy. A paired 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. 

Fleets using Rightcharge can reduce charging costs by up to 90% and cut carbon emissions by roughly 30%, while reducing administrative work for managers and giving drivers confidence that reimbursements will be accurate and fair.

The Automobile Association (AA) and other major UK fleets already use Rightcharge’s technology to manage both home and public charging. Customers in sectors such as construction, healthcare, and government are adopting the service to cut administrative work, support drivers, and accelerate their EV transition.