About Spark
Spark is a company based in Breda (Netherlands) founded in 2011 by Evan Mertens and Marcel van Heist. It operates as a Pay-per-Use / Usage-Based and Direct-to-Consumer (D2C). Spark has raised $2.3 million across 1 funding round from investors including CEI Africa and The Federal Council. Spark offers products and services including Spark Solar Kit, Spark Portal, and Spark Support. Spark operates in a competitive market with competitors including ZOLA Electric, Baobab +, Victron Energy, AMMP Technologies and Triple Solar, among others.
- Headquarter Breda, Netherlands
- Founders Evan Mertens, Marcel van Heist
- SectorsEnergy & Utilities
- Website sparkenergy.io
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Rural Spark Energy India Private Limited
- Date of Incorporation 02 Sep, 2013
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹1.56 Cr
FY 2020 · -24% YoY
- Net Loss-₹62.5 Lakh
FY 2020 · -40% margin
- EBITDA-₹50.9 Lakh
FY 2020 · -33% margin
- Total Equity Funding$2.3M (USD)
in 1 rounds
- Latest Funding Round$2.3M (USD), Seed
Aug 2026
- InvestorsCEI Africa
& 1 more
Associated legal entities of Spark
Spark operates through Rural Spark Energy India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rural Spark Energy India Private Limited CIN U74999DL2013FTC257121 | Active | 02 Sep 2013 | New Delhi, Delhi | ₹1.6 Cr | – | 2 | View details |
Products & Services of Spark
Spark offers a comprehensive portfolio of products and services, including Spark Solar Kit, Spark Portal, and Spark Support.
Off-grid solar systems are provided for homes and villages.
Pay-as-you-go system is managed through an online portal.
Technical support is offered through local solar engineers.
Apps and channels of Spark
its YouTube channel SPARK has 371 subscribers and 26 videos.
Videos from Spark
The most watched videos on Spark's YouTube channel, SPARK (371 subscribers). Click a video to play it here.
More on SPARK.
Funding Insights of Spark
Spark has successfully raised a total of $2.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.3 million completed in August 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.3M
- Total Rounds 1
- Last Round Seed — $2.3M
- First Round $2.3M
(Aug 2026)
- Investors Count 2
All 1 funding rounds of Spark with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2026 | $2.3M | Seed | – | CEI Africa |
2 investors in total: 2 institutional.
Investors in Spark
Spark has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CEI Africa and The Federal Council.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | cei-africa.com | - | |
- | – | admin.ch | - |
Investor details for Spark
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Rural Spark Energy India Private Limited (Spark)
Rural Spark Energy India Private Limited is the primary company behind Spark. The board of Rural Spark Energy India Private Limited currently have 2 directors; the longest-serving is Dinesh Kumar, appointed in 2019. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dinesh Kumar DIN 08355868 | Additional Director | 10 Jun 2019 | 7 yrs 4 mo | Rural Spark Energy India Private Limited |
| Anuj Kumar DIN 08586448 | Additional Director | 11 Mar 2020 | 6 yrs 6 mo | Rural Spark Energy India Private Limited |
People of Spark
5 people are tracked at Spark (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Evan Mertens | Co-Founder & Director | Leadership |
Marcel van Heist | Co-Founder | Leadership |
Shagun Jain | Commercial Director | Leadership |
Pieke Faessen | Manager Technical And After-sales Support | Team |
Amber de Been | Business Manager | Team |
Complete people profiles for Spark
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Spark
Figures of Rural Spark Energy India Private Limited, the primary company behind Spark, for FY 2020. Revenue was ₹1.56 Cr (-24% year on year). Net loss was -₹62.5 Lakh (-40% margin). EBITDA was -₹50.9 Lakh (-33% margin). Revenue has grown at a compounded annual rate of +6% over three years and +13% over five years.
- ₹1.56 CrRevenue · FY 2020 · -24% YoY
- -₹62.5 LakhNet loss · -40% margin
- -₹50.9 LakhEBITDA · -33% margin
- ₹1.81 CrPaid-up capital
- +6%Revenue CAGR, 3 years
- +13%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rural Spark Energy India Private Limited are on its company page.
Detailed financial statements for Spark
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Spark
2 dated milestones of Spark across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Spark is founded.
- Funding First funding round of $2.3M.
Competitors of Spark
Spark 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 ZOLA Electric, Baobab +, Victron Energy, AMMP Technologies and Triple Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zolaelectric.com | 2011 | Amsterdam, Netherlands | $158M | – | Provider of solar installation and upgradation services for rural customers | |
| baobabplus.com | 2015 | Senegal | $14.07M | – | Provider of agent-based payment solutions | |
| victron.com | 1975 | Almere, Netherlands | – | – | Electronic manufacturing and supply chain management services are provided. | |
| ammp.io | 2017 | Amsterdam, Netherlands | $1.36M | – | Off-grid assets are monitored and managed through software platform. | |
| triplesolar.eu | 2009 | Amsterdam, Netherlands | $10.83M | – | Solar panels for roofing, heating and electricity | |
| iwell.nl | 2016 | Utrecht, Netherlands | – | – | Solar-powered products are developed by iwell in the Netherlands. | |
| gutami.com | 2008 | Zwolle, Netherlands | – | – | Manufactures solar-powered products, including panels and integrated energy systems. | |
| egyptsolar.tcc.mode | 2015 | Amsterdam, Netherlands | – | – | Producer of electricity by solar cells, heat pumps and hydropower industry | |
| waka-waka.com | 2012 | Haarlem, Netherlands | $1.31M | – | Solar-powered lamps, chargers, and waterproof pouches are manufactured. | |
| solarfreezer.nl | 2015 | Hengelo, Netherlands | – | – | Solar-based thermal energy storage products are manufactured and resold. |
Detailed competitors of Spark
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Spark
10 companies that operate in the same segment as Spark (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 M | – | – | |
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
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Frequently Asked Questions about Spark
Spark was founded in 2011 and raised its 1st funding round 15 years after it was founded.
Spark is headquartered in Breda, Netherlands. It is registered at Breda, Noord-brabant, Netherlands.
Spark is a funded company, having raised a total of $2.3M across 1 funding round to date. The company's 1st funding round was a Seed of $2.3M, raised on Aug 2026.
The primary company behind Spark, Rural Spark Energy India Private Limited, reported revenue of ₹1.56 Cr for FY 2020, down 24% year on year.
Off-grid solar systems are developed and distributed by Spark to provide energy access to homes and villages. Solutions are designed to be modular, expandable, and future-proof, catering to evolving needs. Support is extended through the Spark Portal for managing pay-as-you-go systems and on-site technical assistance. Focus is placed on clean, safe, and sustainable energy within the renewable energy sector, targeting underserved regions. Partnerships are fostered to enhance accessibility through innovative financing models.
Spark's top competitors include ZOLA Electric, Baobab + and Triple Solar.
Spark offers Spark Solar Kit, Spark Portal, and Spark Support.
Spark has 2 investors. Key investors include CEI Africa, and The Federal Council.
Spark operates through Rural Spark Energy India Private Limited.
The legal entities of Spark currently have 2 directors, including Anuj Kumar, Dinesh Kumar.