The electrification of a fleet of vehicles is a “21” chicken and egg problemSt Century. Where do you first spend money on vehicles or charging infrastructure?
Believe me or not, this question is not always thoughtful. Joshua Aviv, founder and CEO of Sparkcharge, had to have the fleets approaching him and say, “Hey cars are here. They are sitting on the site. We don’t have the opportunity to serve them, by no means charge them. Can you, guys, help?” He told TechCrunch.
Some companies are more prepared and report AVIV for a week, sometimes longer. But it is not completely surprising, given the AVIV step: first buy vehicles and leave us charging.
This is slightly turned from the first Startup offer that was mobile EV charging. For example, the company has collaborated with Allstate to help trap EV drivers. The Sparkcharge now offers what it calls “charging as a service”. The fleets sign an agreement with a startup to buy electricity at a kilowatt -hour, and Sparkcarge will force the charming to take place.
The beginner expanded into all 50 states, Canada and Mexico to expand, Sparkcharge raised $ 15.5 million. USD via the A-1 series led by Monte’s Fam, participating in Cleveland Avenue, Collab Capital, Elemental Impact, Marcypen and Ne-Sibi Ventures, TechCrunch.
Along with Equity Curse, Sparkcharge also secured a $ 15 million risk loan from Horizon Technology Finance Corporation.
Aviv was founded by Sparkcharge in 2018, when an electric vehicle wave began to form. The fast charging infrastructure was missing outside the Tesla. However, companies have begun to invest in electrification due to convincing financial prospects: EV promised not only to save fuel consumption but also to maintenance.
After seven years, fast charging has improved significantly, but it is not evenly distributed.
“There are many fleets that are similar: ‘Hey, I’m in the middle of America. Hey, I’m in different coastal areas,” Aviv said. In most cases, these customers have a large amount of EV through an object to pay daily. This includes ports, rail heads or car manufacturers.
“These operations usually take place around the clock,” Aviv said. “They want these cars to be charged, but back to the road.”
Even in regions that have a lot of fast charges, many fleets want them to control themselves when to pay. However, charging the construction depot can be expensive and delayed in the length of the network connection rows.
“Basically, we can come to all their vehicles, charge all their vehicles, and they don’t have to worry about volleyball, connection. They don’t have to worry about any of that trench, digging, tunnels, construction,” Aviv said.