Somerville-based SparkCharge Inc. has received $13 million in equity and other securities from 20 investors, according to a regulatory filing.
The mobile electric car charging company is targeting an equity offering with a total value of $19 million, according to the filing this summer with the U.S. Securities and Exchange Commission.
According to the filing, the $13 million includes the conversion of approximately $9.3 million of outstanding convertible securities.
SparkCharge was founded in 2017 by CEO Joshua Aviv and was an Inno on Fire honoree in 2023. The company takes a different approach to electric-vehicle charging. Instead of stationary, fixed charging stations that rely on grid power, the company provides its “Roadie” charging solution. According to SparkCharge, the charger is portable and can be deployed without installation.
SparkCharge appeared on Shark Tank in 2020.
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The company declined to comment on the fund raising.
Aviv is a member of the Massachusetts Mobility Innovation Hub, an initiative driven by the Massachusetts Competitive Partnership (MACP), CIC and Zipcar that brings together mobility companies, entrepreneurs, policymakers and thought leaders.
