What is Sparkcharge?
Sparkcharge offers a Charging-as-a-Service (CaaS) model designed to provide effortless and instant off-grid EV fleet charging. Their flexible and scalable solutions cater to a diverse range of customers across industries including fleets, delivery services, events, auto OEMs, ports, transportation, autonomous vehicles, and rideshare. By enabling DC fast charging anywhere, irrespective of grid infrastructure, Sparkcharge addresses the critical need for rapid deployment of charging capabilities without the lengthy waits or substantial upfront costs associated with traditional infrastructure.
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
Series A (2025): $15.5M featuring Monte's Fam
Debt (2025): $15M backed by Horizon Technology Finance
Series A (2025): $38.5M with participation from Tale Venture Partners, Pendulum, Silicon Valley Bank, Monte's Fam, and Mark Cuban Companies
Key Investors in Sparkcharge
Monte's Fam
Monte’s Fam offers advisory services, focusing on Outsourced Chief Investment Officer (OCIO) solutions and research advisory. The company aims to assist clients in navigating investment strategies and making informed decisions.
Horizon Technology Finance
Horizon Technology Finance is a specialty finance company that operates within the broader financial services sector, focusing on providing structured debt financing solutions to development-stage companies. The organization is structured as a business development company and is primarily engaged in venture lending.
Tale Venture Partners
Tale VP is a venture fund dedicated to helping founders establish high-performing inclusive cultures within their companies. They emphasize the importance of culture as a strategic imperative that can lead to financial outperformance and improved talent retention.
What's next for Sparkcharge?
With the recent major strategic investment, Sparkcharge is poised for significant scaling. The company's focus on mobile EV charging solutions positions it advantageously within the rapidly evolving electric vehicle ecosystem. This capital injection will likely fuel further technological development, expansion into new markets, and strengthening of strategic partnerships. The enterprise-level backing suggests confidence in Sparkcharge's business model and its potential to capture a substantial share of the CaaS market, driving the future of accessible and adaptable EV charging infrastructure.
See full Sparkcharge company page
