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Published on
May 21, 2025
5 min read
SparkCharge EV Charging Secures $30 million to Boost Nationwide Fleet Electrification
SparkCharge, an EV charging network, has secured $30 million in new funding to accelerate its mission of providing flexible, mobile charging solutions for electric vehicle fleets. As reported by TechCrunch, the company raised $15.5 million in a Series A-1 equity round led by Monte’s Fam, with participation from Cleveland Avenue, Collab Capital, Elemental Impact, MarcyPen, and non sibi ventures. Additionally, SparkCharge obtained a $15 million venture loan from Horizon Technology Finance Corporation.
Revolutionizing EV Fleet Charging with Charging-as-a-Service
Founded in 2018 by Joshua Aviv, SparkCharge started out by creating mobile EV charging services, joining up with companies like Allstate to support EV drivers who ran out of power. Noticing that more companies need to switch to electric fleets, SparkCharge started providing CaaS. This helped businesses to electrify their vehicles without the usual issues that come with fixed charging stations.
“Electrifying a fleet doesn’t have to be expensive or timely,” said Aviv. “Our turnkey EV fast charging solutions allow businesses to make the switch from gas-powered vehicles to battery-electric, enabling them to comply with green initiatives while lowering overall operations and maintenance costs.”
SparkCharge will use the new funds to grow its “Charging-as-a-Service” model, offering companies an all-inclusive charging service for the electric vehicles without permanent equipment.
The EV charging company’s CaaS model provides mobile, off-grid charging solutions that can be deployed in just 14 days. Such services help businesses that are located where the electricity grid is weak. This also helps businesses to save money and time required for the process of putting up charging stations.
Flexible, Scalable, and Immediate Charging Solutions
SparkCharge’s offerings include the Roadie V3, a mobile DC fast charger capable of delivering up to 120 kW, allowing for rapid charging of fleet vehicles. These portable chargers can be delivered directly to a business’s location, providing immediate charging capabilities without the need for construction or grid connections.
Using SparkCharge’s Charge Management System (CMS), fleet operators can easily organize charges for vehicles, view their current charges, and look through reports for data analysis. With this system, fleets are always operational and efficient.
“Fleet customers can have their vehicles charged without the need for expensive infrastructure that takes two to five years to install,” Aviv noted. “With transformer and chip shortages, SparkCharge Fleet provides an immediate solution to charging needs.”
The cost of SparkCharge’s services typically ranges between 35 to 60 cents per kilowatt-hour, which is competitive with many public fast chargers. With this pay-per-use model companies can easily fine-tune the amount they pay according to how many charges are needed.
At present, SparkCharge is available in all 50 U.S. states, Canada, and Mexico, working with clients in ports, railheads, and automotive manufacturing. The company’s charging solutions have delivered energy worth more than 4 million kilowatt-hours, assisted with over 200,000 charge-ups, and cut down roughly 5,000 tons of CO2 so far.
The recent funding will help SparkCharge reach more customers, build hybrid charging stations, and assist companies in adopting electric vehicles. Reliable, easy-to-scale, and instant charging solutions from SparkCharge are helping to increase the use of electric vehicles across industries.
