Rightcharge receives £500,000 for European growth
Soulmates Ventures led the funding, with Purple Ventures and Blackwood Ventures participating.
The funding will support European expansion through fleet suppliers and strategic partnerships, alongside further development of the charging-payment platform.
Rightcharge combines public-charging payments with reimbursements for electricity used to charge company vehicles at home. Drivers receive reimbursement through their energy bills, while fleet managers can monitor charging costs and emissions.
The company reports more than 200 direct fleet customers and five licensing agreements for its home-charging reimbursement technology.
Use of funds
Expand across Europe through fleet suppliers and strategic partnerships
Further develop the charging-payment and reimbursement platform