The Silent Revolution in Fleet Management: How Automated EV Charging Payments Are Transforming European Businesses

The EV Charging Payment Breakthrough

While electric vehicle adoption accelerates across Europe, businesses face a hidden challenge that threatens to slow their transition: the administrative nightmare of managing and reimbursing home charging expenses. London-based Rightcharge has secured €1.8 million in seed funding to address precisely this problem, with ambitious plans to expand its automated payment solution across European markets.

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Funding and Strategic Expansion

The funding round, led by Soulmates Ventures with participation from Blackwood Ventures, Unruly Capital and Purple Ventures, comes as Rightcharge reports over 10x annual recurring revenue growth in 2025. The investment will fuel the company’s European expansion through a strategic partnership with Octopus Electroverse, which will white-label Rightcharge’s technology for deployment in Germany, France, the Netherlands, Belgium, Norway and Ireland.

Hynek Sochor, Founder and Managing Partner at Soulmates Ventures, emphasized the scale of the opportunity: “Europe offers a vast opportunity. In Germany alone, 80% of new high-end cars are company vehicles. Rightcharge is uniquely positioned to become the backbone for European fleets.”

The Hidden Cost of Fleet Electrification

Businesses currently account for more than half of all EV purchases in the UK, yet most lack the infrastructure to efficiently manage home charging reimbursements. The traditional approach—relying on spreadsheets and manual reporting—creates multiple pain points:, as our earlier report, according to technology trends

• Financial inefficiency: Public charging can cost up to ten times more than home charging
• Administrative burden: Manual processes lead to errors, delays and potential fraud
• Compliance challenges: Existing fuel expense systems aren’t designed for EV charging complexity
• Carbon impact: Inefficient charging strategies undermine environmental benefits

How Rightcharge Transforms Fleet Operations

Rightcharge’s platform addresses these challenges through an integrated approach that automates the entire reimbursement process. The system connects directly to drivers’ energy accounts, ensuring payments are credited to their electricity bills rather than bank accounts. This method maintains accuracy even when energy tariffs change and creates a transparent, tax-compliant audit trail., according to market developments

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The platform’s comprehensive features include:, according to related coverage

• AI-driven validation to detect anomalies and guarantee payment accuracy
• Public charge card access to over 70% of the UK’s charging network
• Consolidated monthly billing that complies with HMRC requirements
• Real-time monitoring of charging patterns and costs

Measurable Business Impact

Early adopters are reporting significant benefits. The Automobile Association (AA), one of Rightcharge’s flagship customers, has achieved annual savings exceeding £1,000 per vehicle while reaching 64% renewable energy usage through the platform. Other major UK fleets across construction, healthcare and government sectors report similar results, with typical savings reaching 90% on charging costs and carbon reductions around 30%.

Charlie Cook, Founder and CEO of Rightcharge, explains the broader significance: “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.”

The European Opportunity

Rightcharge’s expansion comes at a critical moment for European fleet electrification. With millions of company vehicles scheduled for transition to electric in the coming years, the need for efficient charging management solutions becomes increasingly urgent. The company estimates that by 2035, over 100 million drivers worldwide will need reimbursement solutions for home-charged work vehicles, with Rightcharge aiming to serve at least 10 million of them.

Through its partnership with Octopus Electroverse, the company is localizing its technology for diverse European markets, adapting to different regulatory environments, energy markets, and business practices. This approach positions Rightcharge to become the standard for fleet EV charging payments across the continent.

As businesses accelerate their transition to electric fleets, solutions like Rightcharge demonstrate that the financial and administrative infrastructure supporting this transition may be just as important as the vehicles themselves. The platform represents a fundamental shift in how companies manage transportation costs, turning what was once an administrative burden into a strategic advantage.

References

• https://rightcharge.co.uk/

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