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SparkCharge, a trailblazer in mobile electric vehicle (EV) charging, has recently announced a major financial milestone. The company has raised $30.5 million in capital through a $15.5 million Series A-1 funding round and a $15 million venture loan. This funding will propel SparkCharge’s mission to expand its cutting-edge mobile EV charging services across the United States, Mexico, and Canada, targeting fleets and strategic partnerships to drive widespread EV adoption.
Key Highlights:
- Funding Milestone: Secured $15.5 million in Series A-1 funding led by Monte’s Fam and a $15 million venture loan from Horizon Technology Finance Corporation, totaling $30.5 million.
- Geographic Growth: Plans to extend its mobile EV charging network throughout North America, making charging more accessible.
- Innovative Solutions: Offers Mobile Battery Charging, Off-Grid Power Hub, and Permanent EV Infrastructure to meet varied needs.
- Environmental Impact: Delivered over 4,000,000 kWh to customers, cutting approximately 500,000+ gallons of gasoline use.
- Notable Partnerships: Chosen as the EV Charging Partner for the 2025 Masters Tournament and allied with Pioneer Power.
Founded in 2017, SparkCharge tackles a critical hurdle in the EV sector: the scarcity of convenient charging infrastructure. Its mobile and off-grid solutions, paired with a Charging-as-a-Service (CaaS) model, allow fleets to adopt EVs without the burden of costly, time-intensive infrastructure projects. Services like Mobile Battery Charging (80-300 kW) and Off-Grid Power Hub (180-500 kW) provide flexible, instant charging options, while Permanent EV Infrastructure offers a long-term solution.
Related: SparkCharge: Interview with Josh Aviv
CEO Josh Aviv noted, “This raise reflects both the strength of the SparkCharge growth story as well as the market opportunity ahead as electric fleets become the standard for so many prominent brands.” With 87% of fleet owners planning to integrate EVs within five years, according to Cox Automotive, SparkCharge’s innovations are timely. The company has already made a mark, powering fleets nationwide and reducing environmental impact significantly.
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