Rightcharge secures £1.6m in seed funding led by Soulmates Ventures to accelerate European expansion.
The round was led by Soulmates Ventures with backing from institutional investors and the S100 Angel Investment Club.
Rightcharge simplifies electric vehicle charging and home energy payments for commercial fleets, consolidating costs into a single bill.
Rightcharge has raised £1.6m in a seed round led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital, and Purple Ventures, alongside a nine-member syndicate from the S100 Angel Investment Club.
The fresh capital will be deployed to drive the company expansion across Europe, building on a period of rapid growth that included securing major fleet customers such as The Automobile Association.
The platform automates home charging reimbursements and energy supplier integration, helping businesses reduce emissions and cut charging expenses.
From the founder
"The home is the quiet giant of electrification. Over 70% of charging already happens there. Accurate, automated payments give businesses confidence to electrify faster, while cutting costs and carbon. Thanks to our investors and partners, we’re now bringing that capability to fleets across Europe."
Charlie Cook
Founder at Rightcharge
Use of funds
- 01Expand into international markets
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About the company
Rightcharge
Rightcharge provides an integrated payment platform for electric vehicle fleet charging.