S100 Club Backs Rightcharge in £1.6M EV Charging Raise

Rightcharge, the UK-based startup simplifying EV charging payments for fleets, has successfully closed a £1.6 million seed round led by Soulmates Ventures, alongside Blackwood Ventures, Unruly Capital, and Purple Ventures. The raise will fuel Rightcharge’s European expansion and strengthen its mission to simplify EV charging payments for businesses.

Among the contributors to this success were investors from the S100 Angel Investment Club, who came together as a syndicate of nine members to invest £83,000.

While their investment formed part of a much larger £1.6 million raise, the involvement of S100 Club members underscores the value of the network in connecting high-potential ventures with experienced backers.

Founded by Charlie Cook (pictured below), Rightcharge has grown rapidly, achieving more than 10x ARR growth in 2025 and winning major fleet customers, including The Automobile Association (AA). Its platform automates home charging reimbursements, integrates with energy suppliers, and consolidates all costs into a single tax-compliant bill, helping fleets cut charging costs by up to 90% and reduce carbon emissions by 30%.

Charlie Cook commented:
“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. Thanks to our investors and partners, we’re now bringing that capability to fleets across Europe.”

The S100 Club’s involvement illustrates how angel networks can play a valuable role in early-stage funding rounds, complementing larger institutional investments and providing founders with access to experienced individual investors.

Charlie Cook praised the process, describing the S100 Club as “the best organised Angel group we had experienced,” highlighting “its thorough application process and highly efficient pitch event that compresses weeks of investor conversations into a single evening.”

About S100 Club
Founded in 2007 by the University of Surrey, the S100 Angel Investment Club is a not-for-profit club that connects entrepreneurs with a diverse group of angel investors. The Club has supported dozens of successful raises, helping early-stage ventures scale through funding, mentorship, and strategic guidance. Its mission is to foster innovation and economic growth by backing high-potential businesses across sectors.