ATLANTA, December 14, 2022— — EnviroSpark, an electric vehicle (EV) charging startup located in Georgia, has announced the conclusion of a USD 10 million fundraising round headed by Ultra Capital, an independent investment firm focused on sustainable infrastructure and energy transition. Earlier this year, the business announced a USD 5 million Series A capital round, bringing total outside investment to USD 15 million.
The most recent investment round comes as electric car adoption rates rise across the country, as does the demand for quick, dependable, and easy charging infrastructure. EnviroSpark’s footprint of 5,800 chargers deployed across the United States and Canada rapidly expands.
“Given the focus of the US economy on clean energy transition and EnviroSpark’s concentration on top-notch operations and service, they are primed for success,” stated Paul Bowers, former chairman, president, and CEO of Georgia Power.
“During my tenure, EnviroSpark was Georgia Power’s preferred partner, and I’m certain they will continue to perform for GPC and all of the utilities they serve.”
“EnviroSpark offers a unique and adaptable turnkey solution to property owners wanting to fulfill the increasingly expanding demand from renters for quick and dependable charging,” said Dave Stockert, former president and CEO of Post Properties.
EnviroSpark, a minority-owned company, collaborates with property owners, utilities, organizations, and governments to deliver turnkey EV infrastructure solutions where people live and work, making the transition to electricity more feasible for more customers.
“As a seed investor, I was thrilled to participate in a business with a vibrant leader and team, a fantastic marketplace to operate in, a proven track record, and significant growth potential,” said Frank Blake, former chairman and CEO of The Home Depot.
EnviroSpark was recently granted a federal government contract to design and construct EV charging stations at federal agency facilities around the Southeastern United States as part of a bigger statewide push to enhance EV infrastructure. The General Services Administration awarded the contract, which includes a USD 500 million budget for the region (GSA). EnviroSpark was the only selected vendor in the 13-state area to obtain an overall “excellent” technical rating.
EnviroSpark, founded in 2014, is a market leader in the turnkey design, installation, and management of EV charging solutions. The firm was created with two missions: to raise awareness of electric vehicles’ benefits and expand the EV charging infrastructure’s availability. So far, the firm is responsible for the installation of over 5,800 charging ports. EnviroSpark alleviates the concerns of property owners and drivers around the country by improving EV accessibility in a customer-friendly manner.
We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
 charging startup located in Georgia, has announced the conclusion of a USD 10 million fundraising round headed by Ultra Capital, an independent investment firm focused on sustainable infrastructure and energy transition. Earlier this year, the business announced a USD 5 million Series A capital round, bringing total outside investment to USD 15 million.){kind=link}