SWTCH Energy Secures $27.2M in Series B Funding to Eliminate EV Charging Gaps in Buildings [Yahoo! Finance]
ENAGAS SA UNSP/ADR (ENGGY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
TORONTO & BAAR-ZUG, Switzerland, April 18, 2024 BUSINESS WIRE SWTCH Energy ("SWTCH"), a company pioneering electric vehicle (EV) charging solutions for multi-tenant buildings across North America, today announced that it raised $27.2 million in Series B funding. The round was led by Blue Earth Capital ("BlueEarth"), the specialist global impact investor, on behalf of its investment vehicles with participation from Alantra 's Energy Transition Fund, Klima . Additional Series B investors include Active Impact Investments and GIGA Investments Corp . This new funding will enable SWTCH to accelerate charging in multi-tenant buildings, following a tenfold increase in the company's charging network since its Series A, and advance its innovative EV charging and integrated energy management solutions for real estate customers. SWTCH is meeting the massive demand for multifamily EV charging as EV sales hit an inflection point and governments amend building codes and zoning ordinances to requ
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