EnviroSpark, an electric vehicle (EV) charging company based in Georgia, has announced the completion of a $10 million funding round headed by Ultra Capital, an independent investment firm focused on sustainable infrastructure and energy transition. Earlier this year, the company announced a $5 million Series A capital round, bringing total outside investment to $15 million.
Frank Blake, former chairman and CEO of The Home Depot, Tim Tassopoulos, president and chief operating officer of Chick-fil-A, Inc., Mark Bonfigli, founder and former CEO of Dealer.com, Dave Stockert, former president and CEO of Post Properties, and Paul Bowers, former chairman, president, and CEO of Georgia Power are among the other investors.
The most recent round of funding comes as electric vehicle adoption rates rise across the country, as does the demand for quick, dependable, and easy charging infrastructure. EnviroSpark’s present footprint of 5,800 chargers installed across the United States and Canada is fast expanding.
EnviroSpark will expand its services and nearly quadruple its personnel number with the additional cash.
As part of a bigger nationwide effort to improve EV infrastructure, EnviroSpark was recently awarded a federal government contract to design and construct EV charging stations at federal agency locations in the Southeastern United States. The General Services Administration awarded the contract, which includes a $500 million budget for the region (GSA).
