EV Charging Solutions Provider EnviroSpark Raises $50 Million
Electric vehicle (EV) solutions startup EnviroSpark Energy Solutions announced a $50 million investment from infrastructure-focused investor Basalt Infrastructure Partners, with proceeds to be used to expand its charging network across the U.S.
Founded in 2014, Atlanta-based EnviroSpark provides solutions aimed at addressing the pain points of property owners and drivers by enhancing EV accessibility, with services ranging from consultation & site design, engineering and permitting to installation, operation and maintenance and driver & app support. The company currently owns and operates more than 8,200 installations of charging plugs across North America.
Aaron Luque, co-founder and CEO of EnviroSpark said:
“Securing this substantial funding milestone marks a pivotal moment for EnviroSpark. With strategic support from Basalt, we are poised to accelerate our mission of fostering sustainable transportation solutions.”
The investment follows a $15 million funding round for EnviroSpark in 2022, led by Ultra Capital. EnviroSpark has established partnerships with Tesla, Volkswagen, Volta and Starwood Capital Group, and recently announced new strategic partnerships with companies across several sectors, including RaceTrac, Waffle House, IHG Hotels & Resorts, Ford Dealerships, HHHunt, and Asset Living.
Andrew Marsden, Basalt’s Head of Energy Transition said:
“As part of our strategy to invest in compelling scale-up opportunities in low carbon infrastructure, Basalt is delighted to be partnering with EnviroSpark to help drive their next phase of growth in delivering long-term sustainable EV charging solutions to customers across North America.”