Off-grid EV fleet charging specialist SparkCharge raises $30.5 million in new capital

SparkCharge, the creator of a mobile off-grid EV charger, has closed a $15.5-million Series A-1 funding round led by Monte’s Fam and a $15-million venture loan facility provided by Horizon Technology Finance.

SparkCharge will use the funding to expand its mobile EV charging services throughout the US, Mexico and Canada. It will continue to work with fleets and “focus on developing additional strategic partnerships across diverse mobility industries.”

Launched in 2017, SparkCharge provides mobile EV charging solutions to customers across industries spanning fleets, delivery services, events, auto OEMs, ports, transportation, autonomous vehicles and rideshare. Its Charging-as-a-Service (CaaS) system makes DC fast charging possible anywhere, even in locations that lack grid infrastructure. This can greatly reduce the upfront investment and long timeframes associated with installing fixed charging infrastructure, the company explains.

SparkCharge customers can choose one of several options, and upgrade over time as their fleets expand:

• 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. This solution offers white glove, self-managed, or hybrid service.
• 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: A turnkey end-to-end EV charging solution that begins with mobile and off-grid solutions and transitions into permanent grid-connected infrastructure. The package includes everything from planning and permits to final construction and commissioning.

“Our Charging-as-a-Service model lets fleets go live in days, not months, bypassing construction delays and hefty infrastructure expenses,” the company explains. “Whether fleets need mobile or off-grid charging options—or want to scale to a permanent setup—SparkCharge provides flexible service levels (from full concierge to self-managed), can integrate with any existing chargers or software, and guarantees 24/7 reliability.”

“We’re uniquely focused on taking the anxiety, guesswork and delays—all still barriers for adoption—out of the commercial EV charging experience,” said Josh Aviv, founder and CEO of SparkCharge. “Our market-ready products and services are ideal for organizations seeking to lower costs and improve operational efficiencies of their fleet management.”

Source: SparkCharge