Georgia-based EnviroSpark Energy Solutions (EnviroSpark) has announced a significant milestone in its mission to reshape the electric vehicle (EV) charging landscape. The company has secured a substantial $50 million investment from funds advised by Basalt Infrastructure Partners LLP (Basalt), a leading infrastructure equity investment firm with a focus on Europe and North America.
This substantial investment will propel EnviroSpark’s efforts to rapidly expand its owned and operated network of EV charging stations across the United States, driving innovation in cutting-edge technologies and enhancing the accessibility and sustainability of EV infrastructure.
“Securing this substantial funding milestone marks a pivotal moment for EnviroSpark,” remarked Aaron Luque, co-founder and CEO of the company. “With strategic support from Basalt, we are poised to accelerate our mission of fostering sustainable transportation solutions. This investment not only fuels our expansion efforts but also reinforces our commitment to making electric mobility accessible and convenient for all.”
Basalt, renowned for its strategic investments in low carbon infrastructure, expressed excitement about partnering with EnviroSpark to drive the next phase of growth in delivering long-term sustainable EV charging solutions to customers across North America. Andrew Marsden, Basalt’s Head of Energy Transition, emphasized EnviroSpark’s leadership in accelerating the build-out of the EV-charging network at a critical juncture for the clean transportation sector.
EnviroSpark’s impressive footprint of over 8,200 charging plugs across North America positions the company as a key player in advancing the adoption of electric mobility. Building upon the momentum of its previous $15 million funding round led by Ultra Capital in 2022, EnviroSpark continues to solidify its position as a leader in the EV charging industry through strategic partnerships and innovative initiatives.
The company has forged strategic alliances with industry leaders across various sectors, including RaceTrac, Waffle House, IHG Hotels & Resorts, Ford Dealerships, HHHunt, and Asset Living. Additionally, EnviroSpark boasts longstanding partnerships with Tesla, Volkswagen, Volta (recently acquired by Shell), and Starwood Capital Group.
EnviroSpark’s dedication to driving widespread commercial and government EV adoption is underscored by its partnership with the U.S. Federal Government through the General Services Administration. The company’s recent achievements in securing National Electric Vehicle Infrastructure (NEVI) awards in Georgia and Tennessee further highlight its commitment to fostering innovation and sustainability in the EV infrastructure domain.
Selected by the Georgia Department of Transportation (GDOT) and the Tennessee Department of Transportation (TDOT), EnviroSpark will construct significant DCFC charging projects in Georgia and Tennessee, alongside installations at strategic locations including Waffle House outlets.
EnviroSpark’s vision of a future characterized by accessible and eco-friendly transportation solutions is further exemplified by its unwavering dedication to addressing critical infrastructure needs and driving sustainable innovation in the electric vehicle sector.
