SparkCharge raises $30.5M in Series A-1 funding led by Monte’s Fam to expand its off-grid EV charging network across the U.S., Mexico, and Canada.

SparkCharge, a Somerville, MA-based provider of an off-grid electric vehicle fleet charging network, raised $30.5M in Series A-1 funding. The round consisted of a $15.5M led by Monte’s Fam and a $15M venture loan facility from Horizon Technology Finance Corporation. Other investors included Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen. The company aims to use the funds to accelerate EV adoption by expanding its services throughout North America.