- EnviroSpark secures $50 million investment from Basalt Infrastructure Partners
- Investment fuels expansion of EV charging network, enhancing accessibility and efficiency
- Strategic partnership poised to drive adoption of sustainable transportation solutions
IMPROVED Corporate Finance has helped EnviroSpark to secure a $50 million EV charging infrastructure investment
EnviroSpark Energy Solutions has announced securing a monumental $50 million investment from Basalt Infrastructure Partners. This infusion of capital underscores the accelerating momentum within the EV sector. EV SUMMIT Partner, IMPROVED Corporate Finance supported and advised the funding round.
The investment will fuel the expansion of EnviroSpark’s owned-and-operated EV charging network across the United States. The company is enhancing both the accessibility and efficiency of EV infrastructure.
Aaron Luque, founder and CEO at EnviroSpark, commented:
“Securing this substantial funding milestone marks a pivotal moment for EnviroSpark. With strategic support from Basalt, we are poised to accelerate our mission of fostering sustainable transportation solutions. This investment not only fuels our expansion efforts but also reinforces our commitment to making electric mobility accessible and convenient for all.”
EnviroSpark’s cutting-edge technologies will receive a substantial boost. This empowerment allows the company to innovate and optimise its charging stations for seamless integration with the evolving EV landscape. The infusion of capital will facilitate the deployment of advanced features. These include rapid charging capabilities and smart grid connectivity, ensuring enhanced user experience and operational efficiency.
Andrew Marsden, Head of Energy Transition at Basalt, said:
“As part of our strategy to invest in compelling scale-up opportunities in low carbon infrastructure, Basalt is delighted to be partnering with EnviroSpark to help drive their next phase of growth in delivering long-term sustainable EV charging solutions to customers across North America. EnviroSpark’s industry-leading team is accelerating the build-out of the EV-charging network across North America at this pivotal time for the clean transportation sector, and we are proud to be sharing in their mission.”
As the EV market continues its upward trajectory, EnviroSpark’s funding will propel the US’ skyrocketing EV prospects. By focussing on scalability, accessibility, and environmental stewardship, EnviroSpark is changing the EV charging game.
Daniel Lyons, Managing Director at IMPROVED, added:
“This transaction underscores EnviroSpark’s robust fundamentals and fantastic growth positioning in the huge market for EV charging infrastructure across the United States. As exclusive financial advisors on this transatlantic deal, we are proud to have facilitated a partnership that promises to advance the accessibility and efficiency of EV charging. We extend our congratulations to both the EnviroSpark and Basalt teams and look forward to their continued success and innovation in the sector.”
