SparkCharge Secures $30M to Expand Flexible EV Charging Services for Fleets

SparkCharge, a company founded in 2018 by Joshua Aviv, has raised a total of $30 million to support the expansion of its flexible electric vehicle (EV) charging solutions. The funding includes a $15.5 million Series A-1 equity round led by Monte’s Fam and a $15 million venture loan from Horizon Technology Finance Corporation. Originally focused on mobile charging for stranded EV drivers, SparkCharge has pivoted to offer ‘charging-as-a-service’—a model where fleet operators pay per kilowatt-hour of electricity used rather than building permanent infrastructure. This helps businesses avoid delays and expenses associated with setting up traditional charging stations.

SparkCharge operates in all 50 U.S. states as well as Canada and Mexico, offering both mobile battery- or generator-powered chargers and full-service charging management. The company aims to help clients charge EVs quickly and flexibly, especially in 24/7 operations like ports, auto manufacturers, or rail hubs. Around 95% of customers currently use SparkCharge’s off-grid solutions. The per-kilowatt-hour pricing, which ranges between $0.35 and $0.60, offers competitive value and scalability for growing fleets. The service is particularly valuable in areas with insufficient grid infrastructure or where rapid fleet expansion outpaces local utility support. SparkCharge’s approach positions it as a key enabler in the EV transition for logistics and transport sectors.