SparkCharge, a Somerville, MA-based provider of an off-grid electric vehicle fleet charging network and creator of a mobile, off-grid EV charger, raised a $30.5M in Series A-1 funding.
The round consisted of a $15.5M led by Monte’s Fam and $15M venture loan facility provided by Horizon Technology Finance Corporation. Other investors included Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen.
The company intends to use the funds to accelerate EV adoption by expanding its services throughout the United States, Mexico, and Canada.
Founded by CEO Josh Aviv, SparkCharge provides mobile EV charging solutions to various customers across industries spanning fleets, delivery services, events, auto OEMs, ports, transportation, autonomous vehicles, and rideshare. Its Charging-as-a-Service (CaaS) makes off-grid EV fleet charging effortless and instant, offering flexible, scalable solutions without months-long infrastructure waits or steep upfront investments. These solutions make DC fast charging possible anywhere, regardless of location, even if there is no grid infrastructure.
Customers can start with one of the following formats:
- Mobile Battery Charging: A flexible 80-300 kW battery-powered DC fast charging (DCFC) EV charging solution that can be instantly deployed to a fleet.
- Off-Grid Power Hub: A 180-500 kW grid-independent DCFC solution built to deliver large-scale EV charging and all-in-one energy management with a clean energy-powered microgrid, allowing for multiple EVs to be charged simultaneously.
- Permanent EV Infrastructure: An end-to-end EV charging solution that begins with mobile and off-grid solutions and transitions into permanent grid-connected infrastructure.
FinSMEs
21/05/2025