MIAMI--(BUSINESS WIRE)--#ChargePoint--OBE Power, a leading owner and operator of electric vehicle charging infrastructure, today announced the closing of an equity investment from North Sky Capital, a pioneer in impact investing in the United States.
The investment complements OBE Power’s existing credit facility with Gresham House, and is intended to support the company’s continued growth and the expansion of its fully owned and operated EV charging network across the United States and Canada.
The new capital will strengthen OBE Power’s ability to accelerate deployment of EV charging infrastructure, with a focus on multifamily, hospitality, healthcare, commercial, and other destination-based properties. The transaction is designed to optimize OBE Power’s capital structure while providing the financial capacity required to support the company’s aggressive expansion plan over the next several years.
“We are proud to welcome North Sky Capital as a strategic partner, given its strong commitment to impact investing and 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.”
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’s platform combines infrastructure deployment, network operations, maintenance, driver support, energy reimbursement, and carbon credit income management.
“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. “OBE Power’s fully owned and operated model, experienced management team, and clear growth strategy are aligned with the goals of our infrastructure investment strategy,” added Ying Lucy Fan, Principal on North Sky’s infrastructure team.
The transaction represents an important milestone for OBE Power as the company continues to scale its EV charging network and support the transition toward cleaner transportation infrastructure across North America.
About OBE Power
OBE Power is an electric vehicle charging infrastructure company focused on the deployment, ownership, operation, and management of EV charging networks across the United States and Canada. The company provides fully managed EV charging solutions for multifamily, hospitality, healthcare, commercial, and destination-based properties, enabling property owners and institutional partners to offer EV charging services without direct capital investment or operational burden. For more information, visit https://www.obepower.com.
About North Sky Capital
North Sky is a pioneer in impact investing in the United States. Now in its 26th year, North Sky has deployed more than $1.7 billion across approximately 200 impact investments on behalf of its various impact funds. The Firm’s flagship strategies support positive environmental and social impact while targeting market-rate investment returns. North Sky has been an active impact investor since the beginning of the modern era of private markets impact investing in 2005. For more information, visit northskycapital.com.
Contacts
Media Contact
OBE Power
Manny Cernuda
Marketing & Communications
mcernuda@obepower.com
