The electrification of corporate fleets is emerging as one of the most complex projects in the energy transition. With more than half of new electric vehicles registered in the UK being company vehicles, managing reimbursement for home charging remains a major sticking point. Spreadsheets, expense reports and manual errors still make up the daily life of many fleet managers.
It is precisely on this weak link that Rightcharge has positioned itself. Founded in London by Charlie Cook, the startup is developing a payment infrastructure that automates reimbursement for home charging for electric fleets. Its platform directly links the driver’s energy account to the company, allowing reimbursements to be credited to the electricity bill rather than to a bank account. This architecture reduces the risk of fraud, ensures tax compliance and automatically reflects price variations.
Beyond simplicity, the issue is strategic, because in Europe, fleets constitute a major lever for the adoption of electric vehicles, but remain hampered by the administrative complexity of charging. Fuel management systems, designed for gasoline, do not adapt to the diversity of electric charging locations and times. However, the cost of a kilowatt hour at home can be up to ten times lower than that of public terminals. For large fleets, this difference weighs heavily on operating budgets and carbon footprints.
Rightcharge provides a pragmatic response to this problem. The company offers a single billing model for all charging uses, home and public, via a card compatible with more than 70% of the British network. The artificial intelligence integrated into the platform makes it possible to detect anomalies and validate payment compliance. Customers like The Automobile Association (AA) report savings of up to 90% on charging costs and around a 30% reduction in their CO₂ emissions.
This approach is now attracting the attention of European players. In 2025, Rightcharge entered into a partnership with Octopus Electroverse, the mobility subsidiary of the Octopus Energy group, which will integrate its technology in several countries: Germany, France, the Netherlands, Belgium, Norway and Ireland. This collaboration could contribute to the emergence of a European payment standard for electric charging, a field still fragmented between terminal operators, energy companies and service providers.
While Stripe has structured the financial flows of online commerce, no equivalent infrastructure yet exists for electric mobility. From Monta (Denmark) to Hubject (Germany), several players are exploring this convergence between cleantech and fintech, in a market which is expected to exceed 30 billion euros in annual transactions by 2030.
London-based startup Rightcharge, founded by Charlie Cook, raised €1.8 million in 2025 in a Seed Series funding round led by Soulmates Ventures, with participation from Blackwood Ventures, Unruly Capital and Purple Ventures. The company, which is growing by more than ten times its annual recurring revenue over the year, already works with major fleets such as The AA and is now targeting European expansion through its partnership with Octopus Electroverse.
