SparkCharge has announced it raised $30 million to expand its operations, helping commercial fleets electrify their vehicles without the need for upfront investment in charging infrastructure.
The funding includes $15.5 million raised through a Series A-1 equity round led by Monte’s Fam, alongside notable investors such as Cleveland Avenue, Collab Capital, Elemental Impact, MarcyPen, and Non-sibi Ventures. Additionally, SparkCharge secured a $15 million venture loan from Horizon Technology Finance Corporation.
Since its founding by Joshua Aviv in 2018, SparkCharge has evolved significantly. Initially focused on mobile EV charging to assist stranded drivers, the company has pivoted toward a charging-as-a-service model. Fleets partner with SparkCharge under a straightforward arrangement, paying only for the electricity they use on a per-kilowatt-hour basis, without the hassles associated with constructing permanent charging stations.
“Many fleet managers come to us after having already purchased EVs but lacking the infrastructure to charge them,” Aviv explained. “Our service alleviates the need for costly grid connections, trenching, tunneling, and the often lengthy permitting processes that accompany permanent charging installations.”
SparkCharge currently operates across all 50 U.S. states, as well as Canada and Mexico. The company addresses customer needs using portable, off-grid chargers powered by battery storage or generators running on propane, natural gas, or hydrogen. Aviv noted that, so far, 95% of customers prefer the flexibility and convenience of off-grid chargers. The company provides either standalone equipment delivery or a full-service “white-glove” offering, with SparkCharge technicians managing the entire charging process on-site.
Aviv identified a growing trend among commercial operators like automotive manufacturers, ports, and logistics hubs that require continuous and rapid vehicle turnaround. SparkCharge’s flexible, cost-effective model allows these fleets to scale charging needs up or down depending on fluctuating demand. Pricing typically ranges from 35 to 60 cents per kilowatt-hour, competitive with many standard public fast chargers.
SparkCharge anticipates continued growth, driven by the expansion of fleet electrification across diverse regions and industries. As more businesses face the realities of transitioning to electric vehicles, mobile and scalable charging solutions will become increasingly essential.
