Back in 2020, Season 12 of “Shark Tank” featured two visionary entrepreneurs, Josh Aviv and Chris Ellis, who introduced a groundbreaking solution for electric vehicle (EV) charging. Their company, SparkCharge, aimed to revolutionize the EV charging experience with a portable device small enough to fit in a car trunk. This innovation intrigued the sharks, leading to a successful deal on the show. Today, SparkCharge continues to expand its reach across North America.
Securing a deal on “Shark Tank” is just the beginning, as finalizing it requires a meticulous due diligence process. Unlike the CoinOut app from Season 9, which didn’t complete its deal, SparkCharge successfully formalized its agreement. The company now boasts an active presence and growing influence in the EV market.
SparkCharge’s Impact on EV Charging
Electric vehicle owners often face challenges finding reliable charging infrastructure, unlike the widespread availability of gas stations. To address this, SparkCharge offers a portable charging station that supports EV drivers in need and partners with local businesses to expand its network. Founded in 2017, the company gained significant attention on “Shark Tank” when Aviv and Ellis sought a $1 million investment for a 6% stake.
Despite initial skepticism from the sharks, Lori Greiner and Mark Cuban eventually invested in SparkCharge, securing a 10% equity and 4% advisory shares. Following the show, the company forged partnerships and continued to thrive, with a notable $30.5 million deal in May 2025. By 2024, SparkCharge projected over $27 million in revenue and aimed for profitability.
Looking Ahead: SparkCharge’s Growth
SparkCharge’s reach spans all 50 U.S. states and expands into Canada and Mexico, boasting over 200,000 charging sessions. The company offers both mobile and permanent charging solutions, alongside off-grid power hubs. Its slightly active LinkedIn page indicates ongoing growth, with job openings suggesting an expanding team.
Embracing technological advancements, SparkCharge introduced SparkAI to expedite off-grid EV charging infrastructure deployment through advanced algorithms. Esteemed partners like Hertz, AAA, Amazon, Uber, and Kia showcase the company’s influence in the industry.
As electric vehicle technology evolves, companies like Tesla promise increased range, while SparkCharge meets current needs with flexible charging solutions. This success story embodies the essence of “Shark Tank,” where innovative ideas transform into thriving enterprises.
Original Story at www.bgr.com