What does SparkCharge do?
SparkCharge offers innovative off-grid electric vehicle charging solutions through its mobile Charging-as-a-Service platform. The company enables DC fast charging anywhere, removing the need for traditional grid infrastructure and providing scalable solutions to fleets, delivery services, autonomous vehicles, and more.
How much did they raise?
The company raised $30.5M in a Series A-1 round, with a $15.5M lead investment from Monte Fam and a $15M venture loan facility from Horizon Technology Finance Corporation, alongside participation from investors such as Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen.
What are their plans for the money?
With the new funds, SparkCharge aims to accelerate electric vehicle adoption by expanding its network across the United States, Mexico, and Canada, potentially transforming how mobility is powered by providing efficient and flexible off-grid charging solutions.
What have they achieved so far?
SparkCharge has already made significant strides by developing a mobile, off-grid EV charging solution that serves various sectors, including fleets, events, and transportation, demonstrating the viability and demand for rapid, flexible charging infrastructure.
