Rightcharge, the EV charging payments platform, has raised £1.6 million in seed funding led by Soulmates Ventures

London-based Rightcharge, the startup that simplifies fleet EV charging payments, has raised £1.6 million in seed funding led by Soulmates Ventures, with participation from Blackwood Ventures, UnrulyCapital, and Purple Ventures. The company automates reimbursements for home charging and consolidates all charging expenses into a single tax-compliant bill for fleets while ensuring accurate reimbursement for drivers.

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, increasing the risk of inaccuracies, while existing payment systems built for conventional fuel expenses are not set up to handle EV home charging. Some companies consequently rely more on public charging, which can be up to ten times more expensive than charging at home, delaying fleet electrification when adoption needs to accelerate.

Rightcharge removes this barrier by linking 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 change, minimizes fraud risk, and provides a transparent audit trail for tax compliance while preventing drivers from being left out of pocket. Fleet vehicles can be connected 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, with customers in sectors including construction, healthcare, and government adopting the service to cut administrative work, support drivers, and accelerate their EV transition. The company will use the funding to accelerate expansion across Europe, supported by a new partnership with Octopus Electroverse.

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