Joshua Aviv and Christopher Ellis founded SparkCharge to offer portable EV charging solutions. They appeared on Shark Tank in 2020, securing a $1 million investment from Mark Cuban and Lori Greiner for 10% equity and 4% advisory shares.
Since then, SparkCharge has raised over $55 million in funding, including a $23 million Series A in 2022 led by Tale Venture Partners and Pendulum. Therefore, as of 2024, the company is valued at $110 million.
Their “Currently” app provides on-demand EV charging in many major cities, with partnerships from brands like Kia, Hertz, and Uber, making EV charging more accessible. This article explores SparkCharge’s journey from Shark Tank to becoming a leader in mobile EV charging, highlighting their growth, innovations, and future plans.
SparkCharge Net Worth
| Estimated Net worth | $110 Million (2024) |
| Annual Sales Revenue | $8 Million (2023) |
| Profits | – |
| Lifetime sales | $ 50 Million (2022) |
| Investors | Mark Cuban and Lori Greiner |
| Founders | Joshua Aviv and Christopher Ellis |
| Employees | 10 to 50 |
SparkCharge Pitch on Shark Tank
| Company name | SparkCharge |
| Product | Portable battery for electric vehicles |
| Episode | Season 12 Episode 01 |
| Founders | Joshua Aviv and Christopher Ellis |
| Asked for | $1,000,000 for 6% equity |
| Final deal | $1,000,000 for 10% equity and 4% advisory shares |
| Sharks | Mark Cuban and Lori Greiner |
| Location | Grand Union Blvd, Somerville, MA |
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SparkCharge Founders
SparkCharge was founded by Joshua Aviv and Christopher Ellis in 2017. They got this idea because the EVs wouldn’t have enough battery power to reach their destination. Founders are very smart to grow the business by making smart decisions.
SparkCharge’s founders, Joshua Aviv and Christopher Elli’s net worth is unavailable. However, according to the deal of the Shark Tank pitch, They had 90% equity in the company. Therefore Joshua Aviv and Christopher Elli should have more than $99 Million net worth as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2024 | SparkCharge ev company is the first company to create an EV charging system and network in a smartphone app |
| 2020 | SparkCharge ev company have partnerships with Kia Motors, Hertz, and Uber |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for SparkCharge and its continued success.