SparkCharge, which is the world’s largest off-grid electric vehicle fleet charging network and creator of the first mobile and off-grid EV charger, announced the close of a $15.5 million Series A-1 funding round led by Monte’s Fam and $15 million venture loan facility provided by Horizon Technology Finance Corporation, totaling $30.5 million. Additional venture capital and investment firms that participated in the Series A-1, including Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen.
Launched in 2017, SparkCharge offers mobile EV charging solutions to various customers across industries spanning fleets, delivery services, events, auto OEMs, ports, transportation, autonomous vehicles, and ridesharing. And 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 without grid infrastructure.
SparkCharge transforms how EVs stay powered by providing CaaS programs that are scalable and future-proof. Customers can start with one of the following formats and easily upgrade as their fleet expands:
1.) 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. And this solution offers white glove, self-managed, or hybrid service, meaning you can tailor the level of service that your operations need.
2.) 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.
3.) Permanent EV Infrastructure – A turnkey end-to-end EV charging solution that begins with mobile and off-grid solutions and transitions into permanent grid-connected infrastructure. This integrated approach covers everything—from planning and permits to final construction and commissioning.
So far, SparkCharge has provided over 4,000,000 kWh to customers and eliminated the use of approximately 500,000+ gallons of gasoline.
What the funding will be used for: SparkCharge will use it to advance EV adoption by expanding its mobile, off-grid, and scalable EV charging services throughout the United States, Mexico, and Canada. It will continue to work with fleets and focus on developing additional strategic partnerships across diverse mobility industries.
KEY QUOTES:
“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. We’re uniquely focused on taking the anxiety, guesswork, and delays – all still barriers for adoption – out of the commercial EV charging experience. With the backing of our committed investors and a hardworking team of charging experts, our market-ready products and services are ideal for organizations seeking to lower costs and improve operational efficiencies of their fleet management. We’re proud to accelerate this adoption by growing our team, expanding our market reach, and deepening our portfolio of strategic partnerships and customer installs.”
Josh Aviv, Founder and CEO of SparkCharge
“We’re excited with the progress we’ve made being first to market with our off-grid EV Charging Network. In addition to closing our Series A-1 and Venture Debt funding, we’ve also secured non-dilutive financing with CSC Leasing that enables us to finance our equipment requirements to continue to support our growth.”
David Piperno, CFO of SparkCharge
“I’m thrilled to continue partnering with Josh, David, and the entire SparkCharge team. As EV adoption accelerates, particularly in commercial fleets, the critical bottleneck remains charging infrastructure. SparkCharge’s mobile, off-grid charging solutions effectively solve this challenge by bringing power directly to vehicles when and where it’s needed. Their approach not only supports the immediate transition to EV fleets but creates a flexible foundation for powering the next generation of electric mobility.”
Ed Jean-Louis, Founder, CEO & CIO of Monte’s Fam
“SparkCharge’s breakthrough EV charging technology offers a portable solution in a market dominated by slower and costlier fixed infrastructure approaches. Its technology makes clean energy more accessible for businesses, and we are excited to support SparkCharge’s continued growth.”
Gerald A. Michaud, President of Horizon
