About Spark Power
Spark Power is a company based in Oakville (Canada) founded in 2009 by Eric Waxman and Andrew Clark was acquired by American Pacific Group in December 2023.. Spark Power has completed 7 acquisitions, including 3-Phase Electrical, Bullfrog Power and New Electric. Spark Power offers products and services including Technical Services, Renewable Asset Services, and Emergency Response. Spark Power operates in a competitive market with competitors including Powerhive, GridLab, Standard Microgrid, GI Energy and Enutil Energy, among others.
- Headquarter Oakville, Canada
- Founders Eric Waxman, Andrew Clark
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Spark Power Group Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
BMO
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
3-Phase Electrical
& 6 more
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Acquired by
American Pacific Group
(Dec 06, 2023)
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Products & Services of Spark Power
Spark Power offers a comprehensive portfolio of products and services, including Technical Services, Renewable Asset Services, and Emergency Response. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides maintenance and operations for industrial facilities
Offers services for solar, wind, and battery storage systems
Delivers rapid response and shift coverage for electrical issues
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Funding Insights of Spark Power
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Oct 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2019 | Amount | Debt – Conventional - Spark Power | Valuation |
investors |
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| Oct, 2018 | Amount | Debt – Conventional - Spark Power | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spark Power
Spark Power has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include BMO and American Pacific Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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BMO is recognized as a leading financial services provider in Canada.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spark Power
Spark Power has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include 3-Phase Electrical, Bullfrog Power and New Electric. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Utility projects based on electricity transmission are developed.
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2016 | ||||
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Electricity is supplied to customers in Tillsonburg, Canada, by Tiltran.
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2016 | ||||
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Construction and O&M services for wind energy projects are delivered.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Spark Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spark Power Comparisons
Competitors of Spark Power
Spark Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Powerhive, GridLab, Standard Microgrid, GI Energy and Enutil Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based asset intelligence solutions for microgrids are provided.
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| domain | founded_year | HQ Location |
Solutions for smart grid projects are provided by GridLab.
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| domain | founded_year | HQ Location |
Distributed renewable energy is generated and managed for rural areas.
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| domain | founded_year | HQ Location |
Microgrid projects are designed and installed using diverse energy sources.
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| domain | founded_year | HQ Location |
Develops IoT devices, energy monitoring, and RFID systems for commercial and residential use.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spark Power
Frequently Asked Questions about Spark Power
When was Spark Power founded?
Spark Power was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is Spark Power located?
Spark Power is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.
Who is the current CEO of Spark Power?
Andrew Clark is the current CEO of Spark Power. They have also founded this company.
What does Spark Power do?
Spark Power was founded in 2009 in Oakville, Canada, and operates in the energy sector with a focus on renewable and natural gas sources. Microgrid infrastructure solutions are developed, including virtual-net metering, solar projects, and energy storage systems. Design, installation, and management of on-site power, along with analytics, are offered. Turnkey setups for e-vehicle charging networks, high- and low-voltage systems, equipment monitoring, and rentals are also provided across operations.
Who are the top competitors of Spark Power?
What products or services does Spark Power offer?
Spark Power offers Technical Services, Renewable Asset Services, and Emergency Response.
How many acquisitions has Spark Power made?
Spark Power has made 7 acquisitions, including 3-Phase Electrical, Bullfrog Power, and New Electric.
Who are Spark Power's investors?
Spark Power has 2 investors. Key investors include BMO, and American Pacific Group.