OBE Power, an owner and operator of electric vehicle charging infrastructure, has closed 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 to support the company’s expansion plan 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 without significant capital investment or operational complexity. The company’s platform combines infrastructure deployment, network operations, maintenance, driver support, energy reimbursement, and carbon credit income management.
North Sky Capital, now in its 26th year, has deployed more than $1.7 billion across approximately 200 impact investments on behalf of its various impact funds, and has been an active impact investor since the beginning of the modern era of private markets impact investing in 2005.
KEY QUOTES:
“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. 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.”
Luis Paul, Cofounder and Managing Director, OBE Power
“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. 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.”
Adam Bernstein, Managing Director, North Sky Capital
