OBE Power lands North Sky Capital equity investment to expand North American EV charging network
Summary
OBE Power has secured a major equity investment from North Sky Capital, supplementing its existing credit facility with Gresham House. The fresh capital will fund expansion of its North American EV charging network, targeting multifamily, hospitality, healthcare and commercial destination properties.
US charging network operator OBE Power has secured a major new equity investment from North Sky Capital. The investment complements OBE Power’s existing credit facility with Gresham House.
OBE Power will use the new capital to accelerate its expansion of its North American EV charging network, with a focus on multifamily, hospitality, healthcare, commercial and other destination-based properties.
“OBE Power’s business model is focused on deploying, owning, operating and managing EV charging infrastructure for property owners and institutional partners, allowing hosts to provide EV charging solutions without making significant capital investments or assuming operational complexity,” the company explains.
“We are proud to welcome North Sky Capital as a strategic partner, given its deep understanding of the renewable energy and sustainable infrastructure sectors,” said Luis Paul, cofounder and Managing Director of OBE Power. “With this strategic investment, OBE Power has secured the capital foundation required to support its ambitious expansion goals over the next three to five years.”
“North Sky Capital has evaluated the EV charging sector for several years, and we believe OBE Power presents a compelling and well-structured expansion opportunity in the market,” said Adam Bernstein, Managing Director of North Sky Capital.
Source: OBE Power
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