SparkCharge Raises $30.5 Million in Capital to Accelerate Mobile EV Charging Expansion
Summary
SOMERVILLE, Mass., May 21, 2025 (GLOBE NEWSWIRE) -- , the worlds largest off-grid electric vehicle fleet charging network and creator of the first mobile, off-grid EV charger, today announced the close of a $15.5 million Series A-1 funding round led by Montes Fam and $15 million venture loan facility provided by Horizon Technology Finance Corporation, totaling $30.5 million.Venture capital and strategic investment firms participated in the Series A-1, including Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen. Its Charging-as-a-Service (CaaS) makes off-grid EV fleet charging effortless and instant, offering flexible, scalable solutions without months-long infrastructure waits or steep upfront investments. Whether fleets need mobile or off-grid charging optionsor want to scale to a permanent setupSparkCharge provides flexible service levels (from full concierge to self-managed), can integrate with any existing chargers or software, and guarantees 24/7 reliability. With the backing of our committed investors and a hardworking team of charging experts, our market-ready products and services are ideal for organizations seeking to lower costs and improve operational efficiencies of their fleet management. With zero setup costs, guaranteed uptime, and multiple solutionsincluding a Mobile Battery Charger, Off-Grid Power Hub, and Permanent Infrastructureyou get the freedom to choose a solution that fits your operations.