SparkCharge net worth Shark Tank Update 2025 

In today’s world, electric vehicles are slowly becoming more common on the roads. While this is good news for the environment and for reducing dependence on fossil fuels, it brings a new challenge for many drivers. One of the biggest worries for EV owners is something called “range anxiety.” This happens when drivers fear that their battery will run out of power before they can find the next charging station.

Unlike gas stations, which are everywhere, EV charging points are still not easily available in many areas. This causes stress for drivers and can even stop some people from buying electric cars.

Joshua Aviv and Christopher Ellis saw this problem and decided to find a smart solution. They realized that if people could carry their own fast and portable charger, they wouldn’t have to worry about being stranded with an empty battery. That’s why they created SparkCharge. This product is made to bring charging power anywhere at any time. It’s like having a power bank for your electric vehicle.

The idea is simple but powerful, and they believed it could be a game-changer for EV users everywhere. 

They brought this idea to Shark Tank Season 12, hoping to get the funding and support they needed to make their dream bigger. They were asking for $1,000,000 in exchange for 6% equity in their company. 

SparkCharge net worth Shark Tank Update 2025 

Joshua and Christopher were looking for an investment of $1,000,000 in exchange for 6% equity in the company. At the time of the episode, they valued their company at about $16.67 million. Joshua and Christopher successfully secured a deal with Mark Cuban and Lori Greiner for an investment of $1,000,000 for 10% equity and 4% advisory shares in the company. The investment adjusted the company’s net worth to around $10 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of SparkCharge is around $30 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Mark Cuban and Lori Greiner	$1,000,000 for 10% equity and 4% advising shares.	N/A	Yes
Blake Mycoskie	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Mark Cuban	Partnership with Lori	N/A	N/A

Founders Backstory + Their Initial Pitch 

Joshua Aviv and Christopher Ellis both have strong backgrounds in entrepreneurship and tech. They didn’t just come up with this idea randomly. Joshua studied economics and environmental science, and he always had a passion for clean energy and innovation. Christopher is an engineer with experience in product design and development. Together, they made a perfect team.

But like most startups, their journey wasn’t easy. Early on, they had to figure out how to design a product that was powerful but still small and easy to carry. They also had to find the right materials and partners to help make their vision a reality. Financing was another challenge. Since each unit was expensive to make, they had to carefully plan how they would get enough money to build and distribute them.

When they finally stood in front of the sharks, they came fully prepared. They brought a real EV and showed exactly how the Roadie worked. They spoke clearly and confidently, showing their passion and belief in their product. They shared detailed numbers and explained their business model in a way that made sense. Even though the price of making the Roadie was high, they had already shown proof that people were willing to pay for it. The sharks listened closely.

They were asking for $1,000,000 in exchange for 6% equity in their company. The sharks were surprised by the big ask, but they were also curious to learn more. In their pitch, the founders explained that SparkCharge doesn’t sell its units directly to individual customers. Instead, they lease them to companies. This model is because each unit costs $2,500 to produce, which is quite high.

The companies pay a $1,000 deposit and then $150 per month to use the Roadie. This way, SparkCharge slowly makes its money back over time. They shared that in just six months, they had made $500,000 in sales and expected to hit $1 million by the end of the year.

Queries + Shark’s Responses, and Final Deal

The sharks asked several questions during the pitch. 

Daymond John was the first to speak. He admitted that he didn’t know enough about the electric vehicle industry, so he didn’t feel comfortable investing. That’s why he decided to step out. 

Kevin O’Leary had a concern about the business model. He said that leasing instead of selling the product directly made the return on investment slow. He preferred quicker profits, so he also backed out.

Guest shark Blake Mycoskie, known for founding TOMS shoes, had his own doubts. He said that he didn’t believe SparkCharge could create a version of the Roadie for regular consumers at a price that made sense. Since the cost of making the unit was already high, he felt it wasn’t a product that could go mainstream anytime soon. Because of this, he also stepped out of the deal.

Just when things were looking tough, Mark Cuban and Lori Greiner spoke up. Mark liked the idea because he is a big believer in technology and clean energy. 

Lori was impressed by how well the product was designed and how clearly the founders understood their market. They decided to team up and offered $1,000,000 for 10% equity in the company, along with 4% in advisory shares. Joshua and Christopher accepted the offer without trying to change it. They were happy to get not one, but two sharks on their side.

Product Availability

SparkCharge’s main product, the Roadie, is a unique and powerful portable EV charger. It’s made for businesses, not for individual users. It’s modular, meaning that it can be expanded or reduced based on the amount of power needed. It’s also fast, giving EVs a quick charge when there’s no station nearby. 

The device is designed to be rugged and reliable, so it works well for roadside services like AAA. Currently, the Roadie is available only for business use, and it can be ordered through the company’s official website. While it is not available in regular stores, SparkCharge works directly with industries that need mobile EV charging.

What Happened To The *Company After Shark Tank?

As for what happened after Shark Tank, SparkCharge has continued to grow. As of today, the company is still very much in business. They have expanded their operations and even launched new services that go beyond the Roadie. One of the major moves they made was launching a mobile charging service for EV owners.

Through a mobile app, customers can schedule a charge to come to them, just like ordering food delivery. This idea has gained attention and support from people who need fast and flexible charging.

Their partnership with Mark Cuban and Lori Greiner has also helped them grow. These sharks brought not only money but also valuable advice and contacts in the industry. SparkCharge is now working with more companies and is exploring ways to make smaller, more affordable versions of the Roadie in the future.

Conclusion 

In conclusion, SparkCharge’s journey on Shark Tank is a great example of what happens when strong ideas meet the right investors. The founders, Joshua Aviv and Christopher Ellis, saw a real problem in the EV space and worked hard to find a solution. Even though some sharks had doubts, Mark Cuban and Lori Greiner believed in the vision and decided to invest. 

They offered $1,000,000 for 10% equity and 4% in advisory shares, and the deal was accepted. Since then, the company has continued to grow, adding new services and helping make electric vehicle use easier and more practical. With the rising popularity of EVs and the ongoing push for clean energy, SparkCharge seems to be on the right path to long-term success.