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Rightcharge, the UK startup that simplifies fleet EV charging payments, has raised £1.6 million in seed funding. The round was led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures.
The company, which has seen more than 10x ARR growth in 2025 and counts some of the UK’s largest fleets, including The Automobile Association (AA), as customers, will use the funding to accelerate European expansion, including through a new partnership with Octopus Electroverse.
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 10x 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 removes 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% 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% and carbon emissions by around 30%, while reducing admin for managers and giving drivers confidence they will always be reimbursed fairly.
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% renewable energy usage. Customers across construction, healthcare and government are adopting the service to reduce admin, support drivers and accelerate their EV transition.
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.
