EV charging company EnviroSpark secures $15 million in total funding
Georgia-based EV charging company EnviroSpark has completed a $10-million funding round led by Ultra Capital. The company announced its $5-million Series A funding earlier this year, bringing total outside investment to $15 million.
EnviroSpark plans to use the additional funding to expand its services and increase its employee headcount nearly fourfold.
EnviroSpark partners with property owners, utilities, nonprofits and governments to provide turnkey EV infrastructure solutions. The company continues to rapidly expand on its existing footprint of 5,800 chargers installed across the US and Canada.
EnviroSpark was recently awarded a federal government contract to design and install EV charging stations at federal agency locations throughout the Southeastern US. The General Services Administration contract includes a $500-million budget for the 13-state region.
“Given the US economy’s focus on the clean energy transition and EnviroSpark’s focus on top-notch operations and service, they are poised for success,” said EnviroSpark investor and former CEO of Georgia Power Paul Bowers. “EnviroSpark served as Georgia Power’s preferred partner during my tenure and I’m confident that they will continue to deliver for GPC and all of the utilities they serve.”
“EnviroSpark offers a unique and customizable turnkey solution to property owners looking to meet the rapidly accelerating demand from tenants for convenient and reliable charging,” said investor and former CEO of Post Properties Dave Stockert.
Source: EnviroSpark
