EV charging startup Rightcharge raises £1.6m backed by Soulmates Ventures
This article covers a seed funding round on 23 October 2025 for Rightcharge, a UK startup that simplifies fleet EV charging payments, founded by Charlie Cook. The round raised £1.6m and was led by Soulmates Ventures, with participation from Blackwood Ventures.
What does Rightcharge do?
Rightcharge is a payments platform that automates EV charging reimbursements and connects driver energy accounts to fleet billing. It lets fleets automate driver charging payments, consolidate costs into one monthly invoice and ensure accurate reimbursements.
Why is Rightcharge useful?
Problem
Fleets face complex, error-prone reimbursement for drivers' home and public EV charging, which hinders electrification adoption. Manual processes lead to fraud risk, administrative overhead, and drivers being left out of pocket.
Solution
Rightcharge explains that it automates reimbursements by linking charging to drivers' energy accounts and crediting bills directly. It applies AI validation and anomaly detection to prevent fraud and consolidates costs into one HMRC-compliant monthly bill.
How much did Rightcharge raise?
Rightcharge raised £1.6m in seed funding, led by Soulmates Ventures with participation from Blackwood Ventures alongside existing backers. This makes it the 45th largest funding round in October 2025 (65 recorded). It stands 389th for 2025 (537 total) in the Startupmag database, as of 23 October 2025.
For details on how Startupmag compiles its rankings, view our Methodology.
Who invested in Rightcharge?
The key investors in this round are listed below.
- Soulmates Ventures: A venture capital firm that invests in early-stage companies in Europe.
- Blackwood Ventures: A venture capital firm that focuses on early-stage investments.
- Unruly Capital: A venture capital firm targeting early-stage startups.
- Purple Ventures: A venture capital firm specialising in early-stage investments.
In the funding announcement, Hynek Sochor from Soulmates Ventures said:
Rightcharge has scaled at impressive speed, combining rapid growth with virtually zero churn and a product that removes a key barrier to electrification. For fleets, the savings are so significant that adoption becomes an obvious choice.
The investor added that Europe offers a significant market opportunity, noting that in Germany about 80% of new high-end cars are company vehicles, and that Rightcharge could become core infrastructure for European fleets while also delivering environmental benefits.
If you're researching potential backers in this space:
- Explore our list of energy venture capital firms in the UK
- Browse our directory of energy angel investors in the UK
Who founded Rightcharge?
Charlie Cook is the founder of Rightcharge.
In the funding announcement, Charlie Cook explained:
We’re building the payments infrastructure that will make EV charging effortless for fleets. The home is the quiet giant of electrification.
The company continued that over 70% of charging already happens at home, and that accurate, automated payments give businesses confidence to electrify faster while cutting costs and carbon. It added that, thanks to its investors and its partnership with Octopus, it is bringing that capability to fleets across Europe.
Where is Rightcharge based?
Rightcharge is based in London, UK.
What sector is Rightcharge in?
Rightcharge operates in the Energy sector. The energy sector supplies electricity and fuels to homes, businesses and vehicles. It covers how power is generated, distributed and paid for.
Key trends and challenges in Energy:
Home charging and fleet reimbursements
Over 70% of charging happens at home, so fleets need simple reimbursements to stop drivers paying out of pocket.
Grid impact and smart charging
Increasing EV loads risk peak grid stress, so smart charging and off-peak tariffs reduce costs and avoid outages.
Cross-border rules and billing complexity
Different national tax and billing rules complicate cross-border fleet charging and reimbursement.
For a deeper look at innovation in this space, see the energy startups in the UK.
They've invested in Rightcharge
Get to know these energy investors
| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 Soulmates Ventures | 3 investment(s) investment(s) | more info | |||
 Blackwood Ventures | 3 investment(s) investment(s) | more info | |||
 Unruly Capital | 1 investment(s) investment(s) | more info | |||
 Purple Ventures | 3 investment(s) investment(s) | more info |
Click here for a full list of 7,233+ startup investors in the UK