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Mobile charging specialist SparkCharge has secured an increased Series A investment of $7 million from Cleveland Avenue, bringing the company’s total Series A funding to $30 million. The company will use the new funds to finance its aggressive growth strategy.
SparkCharge has also announced plans to expand its Currently on-demand EV charging delivery service app to 12 new California cities. SparkCharge’s Currently app now offers services in Huntington Beach, Newport Beach, Irvine, Anaheim, Santa Ana, Oakland, Fremont, Berkeley, Union City, Albany, Orange and Hayward.
“Expanding the Currently app into new cities is a pivotal moment for SparkCharge as we help solve charging difficulties faced by the rapidly increasing number of EV owners,” said Josh Aviv, founder and CEO of SparkCharge. “Cleveland Avenue is a stellar partner that believes in our mission to bring to market EV charging solutions that take the stress out of figuring out where to plug in your electric vehicle.”
Aviv attended a recent ceremony at which President Biden signed the CHIPS and Science Act, which provides $52 billion to incentivize semiconductor manufacturing in the US.
“Josh Aviv and his team identified a significant consumer need and created an innovative system and network that are changing the EV industry,” said Dr. Mingu Lee, Managing Partner, Cleveland Avenue. “Our investment will support expansion and bring this fast, on-demand EV charging service to millions of additional drivers.”
Source: SparkCharge
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