OBE Power Closes Equity Investment from North Sky Capital to Support Expansion of Its EV Charging Network Across the U.S. and Canada

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Postmedia has not reviewed the content. by Business Wire OBE Power Closes Equity Investment from North Sky Capital to Support Expansion of Its EV Charging Network Across the U.S. and CanadaAuthor of the article:MIAMI — 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.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Account“With this strategic investment, OBE Power has secured the capital foundation required to support its ambitious expansion goals across the U.S. and Canada over the next three to five years.”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.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againOBE 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.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.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.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.