US Startup SparkCharge Raises $30.5M Led by Monte’s Fam to Expand Mobile EV Charging for Fleets

SparkCharge, a US-based electric vehicle (EV) charging startup, has raised $30.5 million in funding to expand its mobile EV charging solutions. The funding round was led by Monte’s Fam along with impact venture capital firms including Collab Fund, Cleveland Avenue, and Elemental Impact. SparkCharge aims to help fleet operators electrify their vehicles without long-term commitments. This development comes amid challenges in the EV charging sector, highlighted by ChargePoint CEO's remarks on the Eaton deal as a bet on a better product amid funding uncertainties for chargers.