Tech

Rightcharge raises £ 700,000 for smart EV charging service

London-based electric vehicle (EV) charging point startup Rightcharge Raised £ 700,000 in a seed funding round.

Established in 2019, Rightcharge provides a service that helps EV drivers find charging points and compare suitable energy rates for home charging from a list of 50 “scrutinized” companies.

Round investors include Link Venture Capital and several angel investors such as Carwow founder James Hind. Early investor in Zeus Capital’s Mike Allen and Carwow. Stuart Dible, co-founder of Influence Emobility and former director of Jaguar Land Rover. And Julia Stent, a former commercial director of uSwitch.

Rightcharge claims that using a combination of energy charges and smart chargers suitable for EVs can reduce costs and reduce carbon dioxide emissions by 25%.

The company is trying to take advantage of the UK government’s pledge to ban the sale of new petrol and diesel vehicles by 2030.

Charlie Cook, founder of Rightcharge, said: By 2030, approximately 10 to 15 million drivers will be using electricity in the UK alone. With the new investment, we are ready to support all car retailers looking for a charging partner that can provide an industry-leading customer experience. “

Rightcharge’s latest funding announcement will come months after signing a partnership with UK car retailer Looks and car leasing comparison site Leasing.com.

“The world is moving to electricity, and moving to electric mobility is one of the biggest trends and one of the biggest investment opportunities out there. We have invested in electric mobility spaces for over eight years. We’ve seen this space grow, mature, and explode this year, “said Christian Rengen, Chairman of the Board of Link Venture Capital.



Rightcharge raises £ 700,000 for smart EV charging service

Source link Rightcharge raises £ 700,000 for smart EV charging service

Back to top button