Black Owned Electric Vehicle Power Startup, SparkCharge Raises $30M

With a record 6.6 million electric vehicle sales in 2021, which was double the amount sold the year before, there are already more electric vehicles on the road than ever before. However, a recent survey indicated that more consumers are deterred from purchasing electric vehicles by worries about the availability of nearby charging stations. "Range anxiety," the uneasy sensation that potential purchasers or current EV owners experience when they worry about having enough battery capacity to reach their destination, is a common source of this hesitancy. SparkCharge is on a mission to revolutionise how electric vehicles are charged around the globe. Their smartphone app and charging-as-a-service (CaaS) network Owners of EVs can currently charge anytime and anywhere they wish. “We are super excited to bring mobile charging and charging as a service (CaaS) to the next level.” shared Josh Aviv, SparkCharge CEO, and founder. “It’s exactly what is needed right now for America to catch up with the electrification of transportation. Mobile charging is a necessity to accelerate the adoption of electric vehicles. Being able to have your EV charged whenever and wherever you’d like takes away the time wasted at chargers and eliminates the worry of finding a charger that isn’t out of order. We’ve focused solely on making charging as easy as possible from building the portable charging hardware to mobilize charging, and the software to make it easy to access.” [caption id="attachment_75361" align="aligncenter" width="700"] Credit: Business Insider[/caption] Subscribers to SparkCharge in 121 U.S. locations can schedule a charging appointment by just clicking a button. According to the company, if you don't want to subscribe on a monthly basis, you can still make a single, one-time payment that will be sent within 90 minutes. In both situations, a technician brings mobile Roadie charging stations to your automobile, which is free to be parked almost anywhere—at home, at work, or elsewhere. Mark Cuban, Tale Venture Partners, and musician Pusha-T were among the investors that helped SparkCharge fund almost $30 million. Aviv presented SparkCharge on ABC's "Shark Tank" in 2020, where Cuban and Lori Greiner committed $1 million for a 10% equity investment in the business.