Rightcharge raises £1.6M to power EV charging payments for Europe’s fleets

London-based startup Rightcharge has secured £1.6 million in seed funding to streamline electric vehicle (EV) charging payments for European fleets. The investment round, led by Soulmates Ventures, will fuel Rightcharge's expansion across Europe, addressing a critical need as businesses increasingly adopt EVs. The platform directly tackles the inefficiencies of current EV charging reimbursement systems, particularly home charging, a significant pain point for fleet managers. Rightcharge's platform automates reimbursements by linking directly to a driver’s energy account, ensuring accurate payments credited to their electricity bill. It also connects fleet vehicles, employing AI-driven validation and anomaly detection to minimize fraud and improve accuracy. This approach provides a transparent audit trail for tax compliance, reducing charging costs by up to 90% and cutting carbon emissions by approximately 30%. The platform's impact extends to fleet managers, who experience reduced administrative work, and drivers, who receive accurate and fair reimbursements. Rightcharge's technology already serves major UK fleets, including the Automobile Association (AA), across sectors like construction and healthcare. The company's expansion is further supported by a new partnership with Octopus Electroverse. With the new funding, Rightcharge is positioned to accelerate its European expansion, offering a crucial solution to facilitate the transition to electric mobility. As EV adoption accelerates, Rightcharge’s focus on simplifying payment processes addresses a significant hurdle for businesses.