EV Fleet Charging Transformed: Rightcharge Secures £1.6M for Europe Expansion
October 24, 2025, 3:40 am
Location: United Kingdom, England, Stanstead Abbotts
Employees: 5001-10000
Founded date: 1999
London's Rightcharge secured £1.6M in seed funding, spearheaded by Soulmates Ventures. This pivotal investment fuels its European expansion. Rightcharge simplifies complex fleet EV charging payments. It automates home charging reimbursements, linking directly to energy accounts. Drivers get a single public charge card. This system drastically cuts costs for businesses, up to 90%. It reduces administrative burden and slashes carbon emissions by 30%. The platform addresses major inefficiencies in current EV fleet management. Key partnerships, including Octopus Electroverse, will expand its reach across Germany, France, and other European nations. Rightcharge accelerates corporate EV adoption by removing financial and logistical barriers for a rapidly electrifying world.
London's Rightcharge just secured significant funding. £1.6 million in seed capital arrived. Soulmates Ventures led the round. Blackwood Ventures, UnrulyCapital, and Purple Ventures also participated. This investment propels Rightcharge's critical mission. They aim to revolutionize electric vehicle (EV) fleet charging. Businesses face unique challenges with electric vehicles. Rightcharge offers a streamlined, efficient solution. Its platform simplifies payments. It accelerates corporate EV adoption across Europe.
Electric vehicle adoption surges globally. But corporate fleet management lags. Existing payment systems, designed for fossil fuels, are obsolete. Public charging infrastructure remains fragmented. Reimbursing employees for home charging is a major headache. Fleet managers often rely on outdated spreadsheets. They use manual paperwork. This creates high risk for inaccuracies. It invites fraud. Many companies resort to public charging. This can be up to ten times more expensive than home charging. These systemic gaps delay critical fleet electrification. Rightcharge directly confronts these pervasive challenges. It offers a modern, efficient solution.
Rightcharge automates home charging. This eliminates reimbursement headaches for fleets. The platform links drivers' energy accounts. Payments credit directly to their electricity bills. No more slow bank account transfers. This ensures payment accuracy. It works even with changing energy tariffs. Fraud risk diminishes significantly. A transparent audit trail supports strict tax compliance. Drivers stay confident. They are never left out of pocket.
Fleet vehicles also connect seamlessly. AI-driven validation ensures data accuracy. Anomaly detection actively fights fraud. Drivers receive a paired public charge card. This grants access to over 70% of the UK public charging network. All charging costs consolidate. Businesses get a single, clear monthly bill. This bill is HMRC-compliant. Administration simplifies dramatically for fleet managers. They gain complete, clear financial oversight.
Fleets using Rightcharge realize substantial benefits. Charging costs plummet, often by up to 90%. Carbon emissions decrease significantly, roughly 30%. Administrative burden for managers shrinks dramatically. Drivers gain crucial confidence. Reimbursements are accurate. They are fair. Major UK fleets already leverage Rightcharge's technology. The Automobile Association (AA) is a prime example. The AA reported impressive annual savings, over £1,000 per vehicle. They also achieved 64% renewable energy usage. Customers span various vital sectors. Construction, healthcare, and government agencies all adopt the service. They streamline operations. They empower their drivers. They accelerate their vital EV transition. Rightcharge delivers tangible, measurable results. It proves its value daily.
The new funding fuels European expansion. Rightcharge is going international. A new partnership is key. Octopus Electroverse joins the effort. Octopus will white-label Rightcharge's innovative home payment solution. This targets major European markets. Germany, France, the Netherlands are included. Belgium, Norway, and Ireland also feature prominently. Further markets are actively planned. Rightcharge shows strong, sustained growth. It achieved over 10x Annual Recurring Revenue (ARR) growth in 2025. This European expansion leverages that powerful momentum. It extends their positive impact across the continent.
The global electric vehicle market experiences unprecedented growth. Businesses are at its forefront. They drive a significant portion of new EV purchases. Over half of all UK EVs are bought by companies. This trend will only intensify worldwide. Projections indicate massive future demand. By 2035, more than 100 million drivers globally will require advanced reimbursement solutions. These are for home-charged work vehicles. Rightcharge aims to capture a large segment of this market. It targets serving at least 10 million drivers. The company actively builds essential infrastructure. This framework makes EV charging truly effortless for commercial fleets. The home represents a "quiet giant" in electrification. Over 70% of all EV charging already occurs there. Accurate, automated payments instill business confidence. They empower fleets to electrify faster. They simultaneously cut operational costs and reduce carbon footprints. This strategic focus positions Rightcharge as a vital industry leader.
Rightcharge addresses a critical, underserved market. Its innovative technology removes substantial barriers. It simplifies the complex shift to all-electric commercial fleets. This significant seed investment strongly validates its transformative approach. Europe presents a vast, untapped opportunity for growth. Rightcharge is exceptionally well-positioned. It can become the indispensable backbone for European fleets. This benefits businesses greatly. It simultaneously delivers clear advantages for the planet. Rightcharge accelerates a truly sustainable future. It empowers businesses worldwide to electrify their operations efficiently and with confidence.
London's Rightcharge just secured significant funding. £1.6 million in seed capital arrived. Soulmates Ventures led the round. Blackwood Ventures, UnrulyCapital, and Purple Ventures also participated. This investment propels Rightcharge's critical mission. They aim to revolutionize electric vehicle (EV) fleet charging. Businesses face unique challenges with electric vehicles. Rightcharge offers a streamlined, efficient solution. Its platform simplifies payments. It accelerates corporate EV adoption across Europe.
Electric vehicle adoption surges globally. But corporate fleet management lags. Existing payment systems, designed for fossil fuels, are obsolete. Public charging infrastructure remains fragmented. Reimbursing employees for home charging is a major headache. Fleet managers often rely on outdated spreadsheets. They use manual paperwork. This creates high risk for inaccuracies. It invites fraud. Many companies resort to public charging. This can be up to ten times more expensive than home charging. These systemic gaps delay critical fleet electrification. Rightcharge directly confronts these pervasive challenges. It offers a modern, efficient solution.
Rightcharge automates home charging. This eliminates reimbursement headaches for fleets. The platform links drivers' energy accounts. Payments credit directly to their electricity bills. No more slow bank account transfers. This ensures payment accuracy. It works even with changing energy tariffs. Fraud risk diminishes significantly. A transparent audit trail supports strict tax compliance. Drivers stay confident. They are never left out of pocket.
Fleet vehicles also connect seamlessly. AI-driven validation ensures data accuracy. Anomaly detection actively fights fraud. Drivers receive a paired public charge card. This grants access to over 70% of the UK public charging network. All charging costs consolidate. Businesses get a single, clear monthly bill. This bill is HMRC-compliant. Administration simplifies dramatically for fleet managers. They gain complete, clear financial oversight.
Fleets using Rightcharge realize substantial benefits. Charging costs plummet, often by up to 90%. Carbon emissions decrease significantly, roughly 30%. Administrative burden for managers shrinks dramatically. Drivers gain crucial confidence. Reimbursements are accurate. They are fair. Major UK fleets already leverage Rightcharge's technology. The Automobile Association (AA) is a prime example. The AA reported impressive annual savings, over £1,000 per vehicle. They also achieved 64% renewable energy usage. Customers span various vital sectors. Construction, healthcare, and government agencies all adopt the service. They streamline operations. They empower their drivers. They accelerate their vital EV transition. Rightcharge delivers tangible, measurable results. It proves its value daily.
The new funding fuels European expansion. Rightcharge is going international. A new partnership is key. Octopus Electroverse joins the effort. Octopus will white-label Rightcharge's innovative home payment solution. This targets major European markets. Germany, France, the Netherlands are included. Belgium, Norway, and Ireland also feature prominently. Further markets are actively planned. Rightcharge shows strong, sustained growth. It achieved over 10x Annual Recurring Revenue (ARR) growth in 2025. This European expansion leverages that powerful momentum. It extends their positive impact across the continent.
The global electric vehicle market experiences unprecedented growth. Businesses are at its forefront. They drive a significant portion of new EV purchases. Over half of all UK EVs are bought by companies. This trend will only intensify worldwide. Projections indicate massive future demand. By 2035, more than 100 million drivers globally will require advanced reimbursement solutions. These are for home-charged work vehicles. Rightcharge aims to capture a large segment of this market. It targets serving at least 10 million drivers. The company actively builds essential infrastructure. This framework makes EV charging truly effortless for commercial fleets. The home represents a "quiet giant" in electrification. Over 70% of all EV charging already occurs there. Accurate, automated payments instill business confidence. They empower fleets to electrify faster. They simultaneously cut operational costs and reduce carbon footprints. This strategic focus positions Rightcharge as a vital industry leader.
Rightcharge addresses a critical, underserved market. Its innovative technology removes substantial barriers. It simplifies the complex shift to all-electric commercial fleets. This significant seed investment strongly validates its transformative approach. Europe presents a vast, untapped opportunity for growth. Rightcharge is exceptionally well-positioned. It can become the indispensable backbone for European fleets. This benefits businesses greatly. It simultaneously delivers clear advantages for the planet. Rightcharge accelerates a truly sustainable future. It empowers businesses worldwide to electrify their operations efficiently and with confidence.