Financing Supports Continued Growth of Innovative Charging-as-a-Service Platform Accelerating Fleet Electrification
BOSTON, MA — June 1, 2026 — Eastward Capital Partners, a leading provider of venture debt and equity financing to venture-backed technology companies, is pleased to announce the closing of a venture debt facility with SparkCharge, Inc., the company behind the world’s largest mobile energy network for electric vehicles.
As demand for fleet electrification continues to accelerate, commercial operators face one significant challenge: access to reliable charging infrastructure. Traditional charging solutions often require extensive utility upgrades, permitting approvals, and infrastructure investments that can take 18 to 24 months to complete. SparkCharge is changing that paradigm.
Founded by Joshua Aviv, SparkCharge pioneered the Charging-as-a-Service (CaaS) model, providing commercial fleets with immediate access to EV charging without the delays and costs associated with traditional fixed infrastructure. Through its proprietary Roadie system — a modular, stackable DC fast charging platform — and its fleet of Mobile Battery Trailers ranging from 300 to 500 kWh, SparkCharge delivers charging power directly to vehicles wherever and whenever it is needed.
The company’s innovative approach allows fleet operators to deploy scalable charging solutions in as little as three days, dramatically reducing the barriers that have historically slowed large-scale EV adoption.
Powering the Future of Fleet Electrification
The transition to electric vehicles continues to gain momentum across transportation, logistics, rideshare, and commercial fleet markets. However, many organizations struggle with infrastructure limitations that make widespread EV deployment difficult.
SparkCharge addresses this challenge through a fully managed, end-to-end charging solution that eliminates the need for significant upfront capital expenditures, utility upgrades, or lengthy permitting processes.
At the core of the company’s platform is SparkAI, a proprietary intelligence engine that analyzes more than 500 real-world operational data points to optimize charging logistics, energy delivery, fleet utilization, and deployment efficiency. By combining mobile charging hardware with intelligent software, SparkCharge has created a scalable infrastructure model capable of supporting fleets of all sizes.
This flexible approach enables organizations to accelerate their electrification goals without waiting years for permanent charging infrastructure to be installed.
Strategic Partnerships Driving Industry Adoption
SparkCharge’s rapid growth has been supported by an impressive network of strategic partners and customers, including:
- Waymo
- Zipcar
- Allstate
- Avis
- Global Partners LP
Today, SparkCharge manages EV charging services for thousands of commercial vehicles across North America, helping organizations transition to cleaner transportation solutions while maintaining operational efficiency.
As fleet electrification continues to expand, mobile charging solutions are expected to play an increasingly important role in supporting deployment flexibility and addressing infrastructure gaps across the industry.
Supporting Innovative Technology Companies
Eastward Capital Partners specializes in providing flexible growth capital solutions to venture-backed technology companies at critical stages of growth.
“SparkCharge has developed an innovative solution to one of the most significant challenges facing commercial EV adoption today,” said Eastward Capital Partners. “The company’s ability to combine proprietary technology, operational expertise, and a scalable business model positions them well within the rapidly evolving electric mobility ecosystem. We are excited to support the team as they continue to expand their platform and serve customers across North America.”
The financing will help support SparkCharge’s continued growth and its mission to accelerate the adoption of electric vehicles through flexible, accessible, and infrastructure-independent charging solutions.
About SparkCharge
SparkCharge is a technology company operating the world’s largest mobile energy network, specializing in grid-independent electric vehicle charging for commercial fleets. Founded by Joshua Aviv, the company pioneered the Charging-as-a-Service (CaaS) model, leveraging its proprietary Roadie charging platform and SparkAI optimization engine to deliver on-demand EV charging without fixed utility infrastructure.
SparkCharge’s strategic partner network includes Waymo, Zipcar, Allstate, Avis, and Global Partners LP. The company currently supports thousands of commercial vehicles throughout North America.
Learn more at sparkcharge.io.
About Eastward Capital Partners
Eastward Capital Partners is a Boston-based provider of venture debt and equity financing to venture-backed technology companies. Since its founding in 2004, Eastward has partnered with more than 270 companies, providing flexible capital solutions designed to help founders extend runway, achieve growth milestones, and scale while minimizing unnecessary dilution.
Eastward’s investment focus spans software, fintech, healthcare technology, enterprise software, clean technology, consumer technology, and emerging growth sectors.
Learn more at eastwardcp.com