SparkCharge Net Worth 2021

Founded in 2017, SparkCharge is a mobile charging station created especially for electric vehicles. It is one of the newest products in the industry and was inspired by a simple question. What happens when your car runs flat in the middle of nowhere? The founders of SparkCharge, Joshua Aviv and Chris Ellis, came up with the idea for their company in college. They then went to work developing the product, as well as the sales and distribution platform that made it possible.

In fact, it is not too surprising that SparkCharge has received millions of dollars in investments from various parties. AOL founder Steve Case, Silicon Valley Bank, Cleveland Avenue, and even Pusha-T have all invested in the startup. Additionally, SparkCharge has signed deals with Allstate Insurance and AllState. The company has also hired field technicians in the underserved communities. Aviv and Ellis are passionate about providing a customer-friendly experience.

As of now, the company’s net worth is estimated to be about 30 million. This is a big figure considering that it was only two years old when it appeared on Shark Tank. It has been able to garner a few thousand customers since then, and has expanded to three locations: Los Angeles, San Francisco, and Dallas. As a result of its success, it is on track to deliver more than 100,000 miles of range by the end of the year.

The most important thing about SparkCharge is that it makes EV ownership convenient and affordable. The company provides a mobile charging unit that is within a mile of the location where it is needed. In addition, it helps people find the right charging center by using a mobile application. This makes it easy to find a convenient charging spot and saves users time.

The company is in the process of closing a $5 million round led by Shark Tank investor Mark Cuban. The company has received requests from every city in the country for distributors. It is in the process of hiring more engineers to help it continue its growth. As its revenue grows, the company may decide to launch an initial public offering.

The company has recently rolled out its Roadie mobile charging station in Chicago, Los Angeles, and San Francisco. In early 2024, it plans to expand the company’s offerings to 10 to 15 additional cities. It also plans to introduce a marketing unit that will aid in the growth of the company. As of now, SparkCharge has been able to generate about $5 million in annual revenue. It has also partnered with Allstate to provide a mobile charging station to its members.

The biggest surprise in all of this is that the product’s sales and marketing was not as impressive as the company’s appearance on Shark Tank. Traditionally, EV marketing targeted affluent consumers. However, the SparkCharge team is determined to change this. By hiring diverse backgrounds, it aims to bring the benefits of EV charging to underserved neighborhoods throughout the U.S.