EV charging company EnviroSpark secures $15 million in total funding, led by investments from Ultra Capital and top Ga. business leaders
Summary
Investors include current and former executives from Georgia Power, The Home Depot, Chick-fil-A and Post PropertiesATLANTA, Dec. 14, 2022 /PRNewswire/ -- Georgia-based electric vehicle (EV) charging company EnviroSpark announced the completion of a $10 million funding round led by Ultra Capital, an independent investment firm that backs businesses focused on sustainable infrastructure and energy transition. "A minority-owned business, EnviroSpark partners with property owners, utilities, nonprofits and governments to provide turnkey EV infrastructure solutions where people live and work, making the shift to electric practical for more consumers. "As a seed investor, I was excited to invest in a company with a dynamic leader and team, a great marketplace to operate in, a strong track record and enormous growth potential," said Frank Blake, former chairman and chief executive officer at The Home Depot.With the additional funding, EnviroSpark will expand its services and increase its employee headcount by nearly four times. "We are thrilled to support Aaron and his team to expand their footprint, product offerings and capabilities in a sector that is critical to de-carbonizing transportation," said Kristian Hanelt, managing director of Ultra Capital. "Im so impressed with EnviroSparks experienced team, their business values and their efficiency," added Tim Tassopoulos, president and chief operating officer of Chick-fil-A, Inc. "They are poised for long-term growth and success.