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Rightcharge raises £700,000 in Seed funding round

Utilising an EV tariff can save drivers £158 a year, according to Rightcharge. Image: Getty.

Utilising an EV tariff can save drivers £158 a year, according to Rightcharge. Image: Getty.

All-in-one charge point and electric vehicle energy tariff comparison service Rightcharge has raised £700,000 in its fully subscribed Seed funding round.

The company helps EV drivers find charge points and energy tariffs for their homes and businesses, reviewing options from over 50 vetted companies. Using and EV tariff, which relies on charging during off-peak pricing, customers can save £158 per year.

It has received funding from Norwegian cleantech VC Link Venture Capital, along with a host of Angel investors including James Hind (founder of carwow), Mike Allen (Zeus Capital/early investor in carwow), Stuart Dyble (co-founder of Influence emobility/former board member at Jaguar Land Rover) and Julia Stent (former Commercial Director at uSwitch).

“To date we’ve helped over 10,000 drivers to find their installer or energy supplier but we’re just scratching the surface,” said Charlie Cook, founder of Rightcharge.

“Around 10-15 million more drivers will go electric by 2030 in the UK alone and the new investment means we are ready to support all automotive retailers who are looking for a charging partner that can deliver industry-leading customer experience.”

In November, Rightcharge became one of the most recent partners of UK Power Networks and Scottish and Southern Electricity Networks’ Project Skyline, which is designed to support a cost-effective and secure transition to EVs in the UK.

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