SparkCharge, the world’s largest off-grid EV fleet charging network and pioneer of the first mobile, off-grid electric vehicle (EV) charger, has raised a total of $30.5 million to accelerate its Charging-as-a-Service (CaaS) offering across North America. The funding includes a $15.5 million Series A-1 equity round led by Monte’s Fam and a $15 million venture loan facility from Horizon Technology Finance Corporation.
Venture and strategic investors in the Series A-1 round include Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen. The company said the funding will support expansion of its scalable EV charging services across the U.S., Mexico, and Canada, while driving new partnerships across various mobility sectors.
Launched in 2017, SparkCharge offers CaaS for fleets, delivery services, events, OEMs, ports, transportation, autonomous vehicles, and rideshare providers. Its mobile and off-grid solutions eliminate the need for long infrastructure timelines and hefty capital investment, enabling fast deployment of DC fast charging (DCFC) anywhere—even in areas lacking grid infrastructure.
SparkCharge’s CaaS model includes three flexible formats:
- Mobile Battery Charging: 80-300 kW battery-powered DCFC, deployable instantly with optional white-glove, self-managed, or hybrid service.
- Off-Grid Power Hub: 180-500 kW microgrid-powered DCFC that can simultaneously charge multiple EVs.
- Permanent EV Infrastructure: A full end-to-end EV charging solution that transitions from mobile/off-grid to grid-connected infrastructure.
“This raise reflects both the strength of the SparkCharge growth story as well as the market opportunity ahead as electric fleets become the standard for so many prominent brands,” said Josh Aviv, Founder and CEO of SparkCharge. “We’re uniquely focused on taking the anxiety, guesswork, and delays – all still barriers for adoption – out of the commercial EV charging experience. 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. We’re proud to accelerate this adoption by growing our team, expanding our market reach, and deepening our portfolio of strategic partnerships and customer installs.”
To date, SparkCharge has delivered over 4 million kWh and offset more than 500,000 gallons of gasoline. It has also been selected as the official EV Charging Partner of the 2025 Masters Tournament and provides fleet charging coverage in all 50 U.S. states. The company recently announced a strategic partnership with Pioneer Power and secured non-dilutive equipment financing through CSC Leasing.
“We’re excited with the progress we’ve made being first to market with our off-grid EV Charging Network,” added David Piperno, CFO of SparkCharge. “In addition to closing our Series A-1 and Venture Debt funding, we’ve also secured non-dilutive financing with CSC Leasing that enables us to finance our equipment requirements to continue to support our growth.”
The new funding highlights the importance of mobile charging as EV adoption grows, particularly in the fleet segment. A recent Cox Automotive survey found that 87% of fleet owners plan to add EVs in the next five years, with 90% of current EV fleet operators likely to purchase more. Still, charging infrastructure remains a key concern—an issue SparkCharge is addressing head-on.
“I’m thrilled to continue partnering with Josh, David, and the entire SparkCharge team. As EV adoption accelerates, particularly in commercial fleets, the critical bottleneck remains charging infrastructure,” said Ed Jean-Louis, Founder, CEO & CIO of Monte’s Fam. “SparkCharge’s mobile, off-grid charging solutions effectively solve this challenge by bringing power directly to vehicles when and where it’s needed. Their approach not only supports the immediate transition to EV fleets but creates a flexible foundation for powering the next generation of electric mobility.”
“SparkCharge’s breakthrough EV charging technology offers a portable solution in a market dominated by slower and costlier fixed infrastructure approaches,” added Gerald A. Michaud, President of Horizon. “Its technology makes clean energy more accessible for businesses, and we are excited to support SparkCharge’s continued growth.”
