What is Sparkcharge?
Sparkcharge addresses the critical need for off-grid EV charging with its Charging-as-a-Service (CaaS) model. This innovative approach allows for effortless and instant EV fleet charging without the lengthy waits or substantial upfront costs associated with traditional infrastructure development. The company's solutions enable DC fast charging in any location, even those lacking existing grid infrastructure, making it an ideal partner for industries such as fleets, delivery services, events, auto OEMs, ports, transportation, autonomous vehicles, and rideshare companies. The company's focus on scalability and flexibility positions it as a key player in the rapidly expanding EV ecosystem.
How much funding has Sparkcharge raised?
Sparkcharge has raised a total of $72.7M across 6 funding rounds:
Angel/Seed
$3.3M
Debt
$311K
Grant
$100K
Multiple Rounds
$69M
Angel/Seed (2020): $3.3M, investors not publicly disclosed
Debt (2021): $311K led by PPP
Grant (2022): $100K supported by LG
Debt (2025): $15M featuring Horizon Technology Finance
Series A (2025): $38.5M backed by Pendulum, Mark Cuban Companies, Silicon Valley Bank, Monte's Fam, and Tale Venture Partners
Series A (2025): $15.5M with participation from Monte's Fam
Key Investors in Sparkcharge
Horizon Technology Finance
Horizon Technology Finance is a specialty finance company providing structured debt financing solutions to development-stage companies, primarily in technology and life sciences, with a focus on venture lending.
Pendulum
Pendulum Risk & Claims is an independent provider of healthcare risk management and claims services, specializing in assisting senior healthcare providers and carriers with customized risk consulting and claims support.
Mark Cuban Companies
Mark Cuban Companies operates within the Venture Capital & Private Equity industry, investing in various emerging businesses and technologies.
What's next for Sparkcharge?
With its recent enterprise-level funding and strategic investment, Sparkcharge is poised for significant expansion. The company's ability to provide on-demand, off-grid charging solutions is critical for supporting the widespread adoption of electric vehicles, particularly for commercial fleets and specialized transportation services. Future growth is likely to focus on scaling its CaaS platform, expanding its geographic reach, and forging new partnerships within the automotive and logistics industries. The company's strategic financing indicates a strong market validation and provides the necessary capital to further innovate and solidify its position in the competitive EV charging market.
See full Sparkcharge company page
