OBE Power Networks
OBE Power Networks closed of a senior secured funding facility with SUSI Energy Efficiency Fund II, managed by SUSI Partners, a Swiss-based infrastructure investment manager. The facility will support OBE Power in further advancing its EV Charging-as-a-Service (“EV CaaS”) to a fast-growing customer base in the live-work-play-learn ecosystem, enabling the company to expand its Florida and Texas footprint to the entire country.
OBE Power provides EV CaaS solutions in strategic urban locations through long-term exclusive agreements with investment grade hosts including municipalities, corporate headquarters, residential buildings, hospitals, and universities. The company offers a broad suite of EV CaaS and Software as a Service (“SaaS”) solutions to both hosts and fleet managers and is targeting a 10-fold growth over the next three years based on projected market conditions. OBE Power is currently ranked as one of the top 15 Charge Point Owners & Operators in the United States.
“With the rapidly expanding adoption of electric passenger and commercial-fleet vehicles across the U.S., as well as the recently announced federal and state EV incentive programs, we are excited to see the validation of our EV CaaS solution through the funding facility with SUSI Partners and look forward to growing our partnership as we expand our offerings to regional and national accounts,” says Alejandro Burgana, Co-Founder and Managing Director of OBE Power.
“It’s great to see our credit financing solution, through which we have invested more than half a billion USD to date, be applied to an ever-growing array of energy transition solutions,” says Alexander Hunzinger, Head of Credit Investments at SUSI Partners. “As an investment manager with an exclusive focus on energy transition infrastructure, we are pleased to support OBE Power in driving forward the electrification of transportation in the U.S., a market in which we see a lot of potential and consider to be of great importance for the achievement of global climate goals.”
“Our funding facility with SUSI Partners is an important steppingstone in the continued nationwide growth of our EV CaaS offering,” says Luis Paul, Co-Founder and Managing Director of OBE Power. “With this financing, we will be well positioned to continue to help hosts meet the EV charging requirements of their customers and clients by providing a convenient and affordable charging and software solution with an efficient host onboarding and management program.”