How To Invest In Sparkcharge

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Sparkcharge Creator Of Truly Portable Ultrafast Electric Vehicle Chargers Announces The Closing Of Its $33m Seed Funding Led By Pjc

Mobile EV charging can eliminate ‘charging deserts, SparkCharge CEO says

SparkCharge, makers of the only portable ultra-fast, modular electric vehicle chargers in the world, today announced the closing of $3.3 million in seed round financing led by PJC with participation from Revolutions Rise of the Rest Seed Fund, PEAK6 Strategic Capital, M& T Bank, and Tale Venture Partners, in addition to other investors. This brings SparkCharges total funding to $5 million since its launch in 2017. The investment will be used to help the company scale manufacturing, meet rapidly growing sales demand, and aggressively expand development.

SparkCharges goal is to make electric vehicle ownership as easy as possible by removing obstacles to EV adoption such as range anxiety, lack of infrastructure, and access to convenient charging. SparkCharge works with roadside assistance companies, insurance firms, delivery companies, hotels, auto manufacturers to make ultra-fast EV charging available at any location.

Joshua Aviv, SparkCharges founder, and CEO explains, We focus on listening to our customers and the EV market to create a product that will effectively remove the barriers to electric vehicle ownership. Our product opens the door for Utilities, Cities, Roadside Assistance and On-Demand Service companies to provide range to EVs faster and more effectively, regardless of location.

Key features and benefits of SparkCharges Portable Ultra-Fast Chargers:

Modular/Scalable: Easily stacked on top of each other, like Lego blocks, to increase the range delivered.

The Product Comes In Four Sizes

A post shared by SparkCharge on Sep 16, 2020 at 9:04am PDT

At the time of writing, the SparkCharge is available to purchase in four different sizes, which consumers will choose from depending on their independent needs, according to the SparkCharge website.

The Level 1 Package is the smallest of the SparkCharge products and will offer drivers an additional 24-30 miles of range when used. The Level 2 Package is just a bit bigger, offering 10.5 kWh and adding 36-45 miles of range in one charge.

The two larger chargers are the Level 3 Package and the Level 4 Package. The Level 3 offers 48-60 miles of range, and the biggest charger offers 60-75 miles of range per charge.

Who Is The Founder Of Sparkcharge

Sparkcharges founders are data scientist Josh Aviv and electrical engineer Chris Ellis of Somerville, Massachusetts.

Their product is a portable electric car charging station. They are the sole manufacturer of such a gadget at the moment.

Electric vehicles are becoming more popular, but many people are concerned about using them on lengthy trips. Sparkcharge assists in resolving this issue.

People will get greater mileage out of their electric automobiles if charging power is increased. Its the equivalent of having a spare tire for your batteries.

The gadget is made up of two modules: a charger and a battery. The charger weights roughly 20 pounds, while the battery weighs about 50 pounds. Each module is 24 by 13 by 9 inches and should fit in most trunks.

They have a manufacturing plant in Buffalo and a research lab in Boston. Sparkcharge began with a million-dollar award from 43North, a Buffalo-based start-up incubator that organizes the worlds largest yearly pitch competition.

The companys manufacturing should begin soon. PJC, Revolutions Rise of the Rest Venture Fund, PEAK6 Strategic Capital, M& T Bank, and Tale Venture Partners together contributed $3.3 million in seed investment in April 2020.

While consumers can buy and use them, they anticipate that governments, public utilities, and fleet operators will be significant clients as they transition to electric cars.

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Sparkcharge Is Accessible In Which Countries

Sparkcharge will first debut the new service in 12 locations, including New York, Chicago, San Diego, Dallas, Boston, Los Angeles, and San Francisco. Sparkcharges Boost EV Smartphone app allows EV users to arrange a charge to be delivered to their vehicles, according to an emailed statement from the company.

Is Sparkcharge Ipo Happening

The Greentown Labs Climatetech Summit

There is no official update from the company, and it seems highly unlikely that SparkCharge would go public. The company has reportedly raised US$ 35.8 million in total, and it could look to raise more money through venture capitalists in future.

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Also, as it is a private company, retail investors cannot buy the SparkCharge stock. Private companies generally raise money through venture capital firms or private investors.

Retail investors only get a chance to get hold of a company’s stock when it goes public in an equity market. Notably, SparkCharge attracts potential investors due to its innovative technology.

SparkCharge is expanding, and it created the world’s first mobile EV charging network. The company allows EV drivers to charge their vehicles anytime and anywhere they want by giving them countless hours back.

Also, in 2022, the mobile EV startup has reportedly partnered with various global brands to offer them its mobile charging services. SparkCharge has reportedly partnered with Uber, Hertz, and Kia Motors.

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Sparkcharge Raises $7 Million In New Investment Expands On

Posted by Charles Morris& filed under Fleets and Infrastructure, Newswire, The Infrastructure.

Mobile charging specialist SparkCharge has secured an increased Series A investment of $7 million from Cleveland Avenue, bringing the companys 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. SparkCharges 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.

Shark Tank: Su Occ Grads Get $1 Million Investment For Company

Syracuse University graduate Josh Aviv, left, and Onondaga Community College graduate Christopher Ellis, right, pitch their company SparkCharge on “Shark Tank.”ABC video still

A Syracuse University alumnus has scored a $1 million investment on TVs Shark Tank.

The Buffalo News reports Joshua Aviv pitched his company, SparkCharge, to celebrity investors on the season premiere of the ABC show Friday. Two sharks, Lori Greiner and Mark Cuban, struck a deal to help the company scale up its operations.

With the power of Lori and Mark, SparkCharge is now fully charged to take over the world, Aviv said.

Aviv started SparkCharge, which makes portable charging units for electric cars, while he was attending Syracuse University in 2014. Aviv, the companys CEO, graduated from SUs Maxwell School in 2015 with a degree in economics and then earned a certificate of advance study in data science and a masters degree in information management at SUs iSchool in 2017.

Aviv and SparkCharge co-founder Christopher Ellis, an Onondaga Community College alumnus, both appeared on Shark Tank to pitch their product known as the Roadie. The ultrafast charging units, which cost $2,500 each to make, can recharge electric vehicles wherever they are.

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A Portable Ultrafast And Modular Electric Car Charger

Greentown HQ Member

About the Company

SparkCharge is creating a more efficient and connected world of transportation by eliminating range anxiety with its ultra-fast, portable, and modular charging station for electric vehicles.

About the Solution

SparkCharges electric car charger is one of the first mobile electric vehicle chargers on the market that can charge at level 3 speeds. Electric car owners no longer need to be tied down to a charging station. Instead, they can receive range anytime, anywhere.

Collaborative & Collective Intelligence To Ensure Success Part

SparkCharge: Can this battery startup go the distance?

SparkCharge, Using Dassault Systemes collaborative tools has facilitated fluid communication among engineers across geographies and cultures – a critical benefit for a small, localized, over-worked team like ours that is growing rapidly.

NETVIBES helps SparkCharge aggregate content from across the social web alongside enterprise data, analyze business metrics in their social context and engage in real-time insights-driven decision-making. This enables them to gain new insights into their industry, market, and customers: current and future. These fluid forces will ultimately shape the next product versions that SparkCharge with come up with.

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Benefits To Use The 3dexperience Platform

SparkCharge has been involved in the 3DEXPERIENCE Lab program since 2019. They have adopted the 3DEXPERIENCE platform on the cloud for design and simulation.

SparkCharge initially used SOLIDWORKS for its design-to-manufacturing process to seamlessly connect their design studio to manufacturers machines. Using SOLIDWORKS Sheet Metal functionality allows SparkCharge to visually assess if a given designed part is manufacture-able or not. This saves time, effort and cost cycle after cycle and ensures a robust Design for Manufacturing workflow.

We love the way we can leverage the power of the 3DEXPERIENCE platform to optimize each stage and aspect of our design, engineering, manufacturing and marketing processes. Simulation Process & Optimization and Fluid Dynamics Engineering roles help run iterative tests on our core functionality. Using Structural Mechanics Engineer role we can optimize our future designs to achieve a better and leaner form-fit-function.

SparkCharge is exploring how CATIA 3D Modeling tools can facilitate digital prototyping, combined with digital analysis and simulation, so that their product development team may virtually create and analyze our product in its operating environment.

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“We were seeing very substantial growth both inside healthcare but also in corporate environments through the end of 2019,” Mann said. “That was the sort of the catalyst of this round . Obviously it came at a good time in the sense that with our demand spiking right now, there’s no way we’d be able to fulfill this without the capital.”

CleanSlate’s units, about the size of a desktop printer, use ultraviolet light to disinfect germ-covered mobile devices in settings that include health care, food and biotech facilities.

Mann said a large share of the new funding is going toward working capital and production, as well as expanding CleanSlate’s workforce. The company had 12 employees three weeks ago. That number has grown to 26, and will be over 45 by the end of May. About 12 to 15 of those 45 people will be based in Buffalo, he said.

CleanSlate is also looking to extend its reach within healthcare and into other industries. It also is promoting a software package that verifies mobile devices are being sanitized.

The company is working to keep pace with demand for its products.

“Demand has spiked a lot faster than what we had anticipated, but thankfully we did already have the infrastructure for some of that manufacturing and supply chain already in place,” Mann said.

Rapoza said SparkCharge is adjusting to the times, with all of its employees working from home and meeting by video conference twice a day.

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Can You Buy Sparkcharge Stock All You Need To Know

  • SparkCharge is expanding, and it created the world’s first mobile EV charging network.
  • SparkCharge raised the money in a Series A funding round led by Tale Venture Partners.
  • Notably, SparkCharge attracts potential investors due to its innovative technology.

Somerville-based SparkCharge has caught the attention of potential investors after it was reported that the mobile electric vehicle startup raised US$ 23 million in a funding round.

SparkCharge raised the money in a Series A funding round led by Tale Venture Partners, Silicon Valley Bank, and Summer Watson.

Due to the funding, it appears that the interested investors are looking for the stock and initial public offering plans of SparkCharge.

Sparkcharge Entering New California Cities With Series A Funding

About

The mobile EV charging provider announced Monday that it received an increased series A investment worth $7 million, bringing the total to $30 million.

Series A is generally the first stage of investments, and SparkCharge is making use of the funds. With the new capital, SparkCharge is expanding its on-demand services to include the following California cities:

  • Huntington Beach

The new capital is from Clevland Avenue, a Chicago-based venture fund. SparkCharges initial funding included several high-profile partners, such as Mark Cubans investment firm, after the company went on Shark Tank to pitch the business idea in 2018.

Josh Aviv, founder and CEO of SparkCharge, is encouraged by the progress thus far, saying:

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.

He added:

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. The support of our investors will allow us to continue scaling our offering into new, larger markets, as well as those that are particularly underserved to meet the needs of all EV owners.

After entering your code, you can schedule a charge where you want on your own time.

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How Was The Experience In Josh Aviv Shark Tank

Josh Aviv revealed many things about shark tan during one of his interviews. He told that his experience was very good in the shark tank and he got to learn many things from sharks.

Shark told the founder a lot of information about how to grow this business which is a very good thing. After getting funding from the founder, Shark also got mentorship to build this startup.

ð¤) – BootayBag Shark Tank Update

Theyaim To Be Sustainable & Eco

A post shared by SparkCharge on Aug 25, 2020 at 5:16am PDT

According to the SparkCharge website, the company is very interested in sustainability, social impact and the democratization of energy.

Our commitment to sustainability is inherent in everything we do from our company culture to the lifecycle of our product, the website reads. We endeavor to create closed-loop systems to keep our ecological and carbon footprint as small as possible, and actively combat the causes of climate change.

The website states that each portable charging station can last four years or more depending on how often it is used by the consumer.

Shark Tank airs on Fridays at 8 p.m./7 p.m. central on ABC. Tune in to see if the Spark Charge founders get a deal.

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Sparkcharge Before Shark Tank

SparkCharge was doing a great job even before Shark Tank, they marketed their product very well. This portable electronic charging device of theirs can be taken anywhere as it is quite small.

Due to it being portable, it becomes very easy to carry it anywhere and also saves the userâs time. Due to this, the growth of the business would have been substantial.

His dream is to become the worldâs first mobile ultra-fast charging network. He has also received many awards due to his work.

Who Is The Owner Of Sparkcharge

SparkCharge Roadie Mobile DC Fast Charge System For Electric Vehicles

Chris Ellis and Josh Aviv are the co-founders of SparkCharge. Ellis holds the role of Chief Technology Officer whereas Aviv is the companys data scientist.

The idea was created in a dorm room when Aviv and his college professor noticed a huge gap in the market, questioning what would happen if a car ran flat in the middle of nowhere.

Over the years, the company as evolved into one of the fastest growing leaders in the industry and it is only just beginning!

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Why Is Sparkcharge So Popular

SparkCharge is a fast, portable charging unit for EVs.

It generates 1 mile for every minute of charging, which is faster than the standard charging units found today. The benefits and convenience that the service offers makes it easy and reliable for customers.

Readily available in many major sectors in the US, regardless of the day or time if a customers car has run flat, SparkCharge has them covered.

Where Is Sparkcharge Company Today

After a successful pitch on the show, SparkCharge is continuing to reach incredible heights.

Continuously working on partnerships with other businesses, they aim make energy more accessible, helping build the notion that owning an electric car is easy and more environmentally friendly on a larger scale.

SparkCharge hopes to continue creating a healthier, cleaner and safer environment by encouraging to grow the electric vehicle market.

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What Happened To Sparkcharge At Shark Tank Pitch

Aviv and Ellis hope the Sharks get a charge out of their presentation in episode 1 of Season 12 of Sparkcharge on Shark Tank and accompany them on their journey to success.

Josh and Chris appear on Shark Tank, seeking for $1 million for a 6% stake in their company, which is valued at $16.7 million.

They present their tale and pitch. On stage, there is a model. The Sharks are curious as to whether they have a consumer gadget they do not.

They want to sell or lease their vehicles to roadside assistance firms. Customers pay a $1000 deposit and then make monthly payments on each unit, which costs $2500. They do intend to release a consumer product in the future. They currently have 50 units deployed.

They said that they anticipate a $350 billion industry by 2023. With California requiring the sale of internal combustion cars to cease by 2035, the electric vehicle market is massive.

Being on the ground floor of the charging side of the business provides a lot of advantages. Kevin despises the leasing side of the firm and has decided to quit. Blake is out because he doesnt believe they can provide a consumer device for less than $1000.

Lori loves the idea and asks Mark if he will collaborate with her. They believe the firm will be worth a billion dollars.

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