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Techcrunch: SparkCharge raises $30M to help fleets electrify without commitments
To continue to expand, SparkCharge has raised $15.5 million in a Series A-1 round led by Monte’s Fam with participation from Cleveland Avenue, Collab Capital, Elemental Impact, MarcyPen, and non sibi ventures, the company exclusively told TechCrunch.
Electrifying a fleet of vehicles is the chicken-and-egg problem for the 21st century. Where do you spend money first, on the vehicles or the charging infrastructure?
Believe it or not, that question isn’t always thought through. Joshua Aviv, founder and CEO of SparkCharge, has had fleets approach him and say, “Hey, the cars are here. They’re sitting on the lot. We’ve got no way to service them, no way to charge them. Can you guys help us out?” he told TechCrunch.
Read the Techcrunch article here.
