Get the latest tech news

SparkCharge raises $30M to help fleets electrify without commitments

SparkCharge raised $15.5 million in equity and secured a $15 million loan to expand its fleet charging operations.

Alongside the equity round, SparkCharge also secured a $15 million venture loan from Horizon Technology Finance Corporation. But companies were starting to invest in electrification because of the compelling financial outlook: EVs promised not only to save on fuel costs, but also maintenance. In many cases, SparkCharge turns to mobile chargers powered by batteries or generators, which Aviv said can run on propane, natural gas, or hydrogen.

Get the Android app