National electric vehicle (EV) charging company EnviroSpark Energy Solutions has secured a $50 million investment by funds advised by Basalt Infrastructure Partners, a mid-market infrastructure equity investment firm focusing on investments in Europe and North America. This investment will enable EnviroSpark to rapidly expand its owned and operated network across the US, innovate its technologies, and further enhance the accessibility of EV infrastructure.
“Securing this substantial funding milestone marks a pivotal moment for EnviroSpark,” said Aaron Luque, co-founder and CEO of EnviroSpark. “With strategic support from Basalt, we are poised to accelerate our mission of fostering sustainable transportation solutions. This investment not only fuels our expansion efforts but also reinforces our commitment to making electric mobility accessible and convenient for all.”
Building upon its $15M funding round led by Ultra Capital in 2022, Georgia-based EnviroSpark has established itself in the EV charging market. With over 8,200 charging plugs across North America, the company is well-positioned to further the adoption of electric mobility.
EnviroSpark has recently cultivated partnerships across various sectors, including RaceTrac, Waffle House, IHG Hotels & Resorts, Ford Dealerships, HHHunt, and Asset Living. In addition to longstanding partnerships with Tesla, Volkswagen, Volta (recently acquired by Shell), and Starwood Capital Group, the company has also partnered with the U.S. Federal Government through the General Services Administration.
EnviroSpark also acknowledges its recent achievements in securing National Electric Vehicle Infrastructure (NEVI) awards in Georgia and Tennessee.
Selected by the Georgia Department of Transportation (GDOT), EnviroSpark will construct significant DCFC charging projects in Tifton and Metter, Georgia, alongside installations at a Waffle House in Lakeland, Tennessee, chosen by the Tennessee Department of Transportation (TDOT). These awards are funded by the Federal government through the Bipartisan Infrastructure Law.
Filed Under: Charging, Technology News