OBE Power Networks closed 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) offering to a customer base in the live-work-play-learn ecosystem, thus enabling the company to expand its current Florida and Texas footprint to the entire country.
“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,” Alejandro Burgana, co-founder and managing director of OBE Power, said.
“It is 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,” Alexander Hunzinger, head of credit investments at SUSI Partners, said. “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. 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,” Luis Paul, co-founder and managing director of OBE Power, said.
OBE Power was advised by ERG Capital Markets.
