Sparkcharge Net Worth: Revolutionizing EV Charging and Scaling Success

SparkCharge, a revolutionary company in the electric vehicle (EV) charging industry, has rapidly grown since its founding, providing on-demand mobile EV charging solutions. The company, best known for its Roadie portable charging system and the Currently app, has not only attracted significant investor interest but has also played a pivotal role in addressing range anxiety among EV owners. As of 2025, SparkCharge’s net worth is estimated to be $200 million, reflecting its rapid expansion, strategic partnerships, and innovative business model. In this article, we explore SparkCharge’s net worth, its business journey, funding rounds, and the factors that have fueled its impressive growth.

The Founding of SparkCharge

SparkCharge was founded in 2017 by Josh Aviv, an entrepreneur with a background in environmental science and data analytics. Inspired by the growing EV market and the need for a more convenient and accessible charging solution, Aviv conceptualized a portable EV charger that could be delivered on-demand to drivers wherever they are.

Aviv’s goal was clear: eliminate the “range anxiety” that prevents many consumers from adopting electric vehicles by making charging as convenient as fueling. The company’s flagship product, the Roadie, is a modular, portable charging system that allows EV owners to get charged anywhere without being tied to a fixed charging station.

SparkCharge gained significant attention after appearing on ABC’s “Shark Tank” in 2020, where Aviv secured a $1 million investment from Mark Cuban and Lori Greiner in exchange for 10% equity. The exposure from the show not only boosted the company’s profile but also attracted additional investors and business partners.

Net Worth in 2025: $200 Million

As of 2025, SparkCharge’s net worth is estimated to be $200 million. This valuation is based on a combination of funding rounds, revenue growth, partnerships, and expanding market reach.

Key Sources of Revenue

1. Currently App: Launched in 2021, the Currently app is a subscription-based service that allows EV owners to schedule on-demand charging at their convenience. The service has expanded to 30 major U.S. cities and has over 100,000 active subscribers, contributing $20 million annually in subscription fees.
2. Roadie Charging System: The modular design of the Roadie allows for scalable deployments, making it popular among car rental services, delivery fleets, and roadside assistance providers. Sales and lease agreements for the Roadie system contribute an estimated $50 million annually to revenue.
3. B2B Partnerships: Strategic collaborations with companies like Uber, Hertz, and AAA have been pivotal. These partnerships focus on providing charging solutions for fleets and roadside assistance, generating an estimated $30 million annually.
4. Funding and Investments: SparkCharge has raised over $50 million through Series A and B funding rounds. Key investors include Mark Cuban, Lori Greiner, and tech-focused venture capital firms.

Major Funding Milestones

• Seed Funding (2018): Raised $2.5 million to scale production of the Roadie.
• Series A (2021): Secured $23 million to expand the Currently app and grow into new markets.
• Series B (2024): Closed at $25 million, with a focus on expanding into European markets and enhancing battery technology.

Innovative Business Model

SparkCharge’s business model focuses on addressing the convenience gap in EV charging through:

1. On-Demand Charging: The Currently app allows users to schedule charging services at home, work, or anywhere within service areas, eliminating the need to visit a charging station.
2. Subscription Revenue: With plans starting at $25 per month, the subscription model ensures a steady revenue stream and encourages customer retention.
3. Leasing Model for Businesses: Offering the Roadie system on a lease basis to rental car agencies and delivery fleets provides a scalable and low-cost entry point for businesses.
4. Data-Driven Approach: SparkCharge uses AI and analytics to predict demand patterns, optimizing the deployment of charging units and reducing operational costs.

Expansion into New Markets

In 2024, SparkCharge announced plans to enter the European market, targeting countries with high EV adoption like Germany, the UK, and Norway. The expansion includes:

• Local partnerships: Collaborations with automotive manufacturers and municipal governments to integrate charging solutions.
• Enhanced Roadie units: Upgraded versions with faster charging speeds and improved energy density to cater to European standards.

Additionally, SparkCharge is exploring opportunities in Asia, focusing initially on Japan and South Korea, where EV adoption is growing rapidly.

Challenges and Competitors

Despite its impressive growth, SparkCharge faces challenges, including:

1. Competition: Major players like Tesla, ChargePoint, and EVgo are expanding their networks and investing in ultra-fast charging technology.
2. Battery Costs: The cost of manufacturing portable chargers remains high, putting pressure on profit margins.
3. Regulatory Compliance: Expanding into international markets brings regulatory challenges, especially regarding battery disposal and safety standards.

To address these challenges, SparkCharge is investing in R&D to improve battery efficiency and reduce manufacturing costs.

CEO Josh Aviv’s Vision and Leadership

Josh Aviv’s leadership has been instrumental in SparkCharge’s success. With a focus on sustainability and innovation, Aviv has positioned the company as a leader in portable charging solutions. His vision extends beyond profit, emphasizing environmental responsibility and making EVs more accessible to a broader audience.

Aviv’s appearances on platforms like TED Talks and TechCrunch Disrupt have not only raised the company’s profile but also helped attract top talent and investors.

Future Prospects

Looking ahead, SparkCharge aims to:

1. Increase market penetration: Targeting 50 U.S. cities by 2026 and further expanding in Europe and Asia.
2. Develop next-gen batteries: Focusing on solid-state technology to improve efficiency and reduce costs.
3. Public Offering: Analysts suggest that SparkCharge might consider an IPO by 2027, potentially pushing its valuation to $500 million.

The company’s strategy of combining convenience, innovation, and sustainability positions it well for sustained growth in the EV market, which is expected to exceed $1 trillion by 2030.

Conclusion

SparkCharge’s net worth of $200 million in 2025 underscores its rapid ascent in the EV charging industry. Through innovative products like the Roadie and the Currently app, strategic partnerships, and a focus on sustainable growth, the company has set new standards in the portable charging market.

As EV adoption continues to accelerate worldwide, SparkCharge’s ability to scale its solutions, expand into new markets, and navigate competition will be crucial. With Josh Aviv’s visionary leadership and a robust business model, SparkCharge is well-positioned to become a key player in the EV infrastructure market, transforming the way electric vehicles are charged and expanding its impact globally.