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SPARK Technologies
Find and rent electric vehicles via app
About SPARK Technologies
SPARK Technologies operates an electric car-sharing service with a fleet of 1,500 vehicles in several EU cities, including Sofia, Plovdiv, Vilnius, and Kaunas. The service is accessible through a mobile application that allows users to locate, reserve, and pay for the use of electric vehicles.
The company's business model is based on providing short-term rentals of electric cars, targeting clients who need a vehicle for urban travel without the costs and responsibilities of ownership. This model caters to a market of environmentally conscious consumers and those seeking convenient and flexible transportation solutions.
SPARK Technologies generates revenue through per-minute or per-hour rental fees charged to its users. The mobile app serves as the primary platform for all transactions, from booking to payment, streamlining the customer experience.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Sofia, Bulgaria
- Employees
- 11
- Open positions
- None listed
- Dealroom signal
- 74.3/100
- Industry
- Transportation
- Sub-industry
- Mobility
- Sector
- Transportation, Car Sharing, Micromobility
- Technology
- Mobile app
- Business model
- Manufacturing, Marketplace & ecommerce
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jan 2022 | $33M | $132M | Global Emerging Markets | ↗ |
Growth signals
Latest recorded traffic for SPARK Technologies is 20K monthly website visits, up 25% over the last three months. SPARK Technologies's team declined 15.4% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Global Emerging Markets
Other known investors2 additional known investors
Neo Ventures
NEVEQ
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about SPARK Technologies on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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