London-based Rightcharge, the 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, UnrulyCapital and Purple Ventures.
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 utilize
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 necessarys to accelerate.
Rightcharge rerelocates 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. This approach maintains accuracy even when energy tariffs modify,
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 per cent of UK public chargers, while all
costs are consolidated into a single HMRC-compliant monthly bill. Fleets utilizing
Rightcharge can reduce charging costs by up to 90 per cent and cut carbon
emissions by roughly 30 per cent, 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 utilize 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.
Rightcharge will utilize the funding to accelerate its
expansion across Europe, supported by a new partnership with Octopus
Electroverse.
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