EnviroSpark is an Atlanta-based company that designs, installs, and operates electric vehicle charging solutions. Led by Aaron and Stephanie Luque, the company has completed more than 8,200 charging plug installations across North America. EnviroSpark has strategic partnerships with RaceTrac, Waffle House, IHG Hotels & Resorts, Ford dealerships, HHHunt, Asset Living, Tesla, Volkswagen, Volta (acquired by Shell), Starwood Capital Group, and the U.S. General Services Administration. The company received a $50M investment from Basalt Infrastructure Partners. EnviroSpark plans to use the funds to expand its owned-and-operated charging network across the U.S., innovate its technologies, and further enhance the accessibility and sustainability of EV infrastructure. Management described the investment as strategic support to accelerate its mission of fostering sustainable transportation solutions. EnviroSpark provides end-to-end EV charging solutions including site acquisition, design, engineering, installation, operation, hardware, software, and long-term maintenance for multi-family, commercial, office, and government properties. The company operates networked level-2 and level-3 chargers with real-time utilization reporting, access control, and a client portal; it expanded in 2020 to offer its own charging hardware and software after years installing for other networks. EnviroSpark is a licensed general and electrical contractor and emphasizes upfront installation standards and remote monitoring to meet federal uptime requirements. The business has scaled rapidly—revenue grew over 300% in the last two years and headcount expanded from ~15 to over 115 employees, with plans to exceed 200 by the end of 2023 and open additional regional offices. Major recent milestones include installing over 2,500 chargers for Tesla (2017–2019), winning a $500 million GSA bid to install federal-agency chargers in the Southeast, and a Starwood Capital deal to install 400+ chargers at 80+ multi-family properties. EnviroSpark targets a >$12 billion TAM and plans to expand its nationwide network by approximately 35,000 charging stations over the next three years while rolling out custom software and a mobile app.

Total raised

$60M

Funding rounds

2

Latest round

Equity

Latest activity

May 2024