OBE Power, a Miami-based owner and operator of electric vehicle charging infrastructure, has closed an equity investment from North Sky Capital. Financial terms were not disclosed, but the capital is intended to accelerate expansion of its fully owned and operated charging network across the United States and Canada. The announcement signals continued investor appetite for sustainable transportation infrastructure and a strategic commitment to cleaner mobility.
Capital Foundation for North American Expansion
The investment complements OBE Power's existing credit facility with Gresham House and strengthens the company's overall capital structure. It provides additional financial capacity to support ambitious deployment goals over the next three to five years and is designed to optimize the company's balance sheet. OBE Power plans to use the new equity to expand its fully owned and operated EV charging network across multiple market segments.
Targeting High-Demand Property Segments
The new capital will support deployment across multifamily, hospitality, healthcare, commercial, and other destination-based properties, including apartment buildings, hotels, medical centers, and retail locations. These locations are increasingly expected to provide EV charging services to tenants, patients, and visitors. OBE Power's focus on these property types reflects the growing demand for convenient charging options outside traditional public stations and workplace sites.
A Fully Managed Model for Property Owners
OBE Power focuses on deploying, owning, operating, and managing EV charging infrastructure for property owners and institutional partners. This approach allows hosts to offer EV charging solutions without making significant capital investments or assuming operational complexity. The company's platform combines network operations, maintenance, driver support, energy reimbursement, and carbon credit income management, reducing friction for owners that want to participate in the energy transition.
Investor Confidence and Sector Evaluation
North Sky Capital has evaluated the EV charging sector for several years and views OBE Power as a compelling and well-structured expansion opportunity. Adam Bernstein, Managing Director of North Sky Capital, said the company's fully owned and operated model and experienced management team align with the firm's infrastructure investment strategy. Ying Lucy Fan, Principal on North Sky's infrastructure team, added that OBE Power has a clear growth strategy.
North Sky Capital's Impact Investment Record
North Sky Capital is a pioneer in impact investing in the United States and is now in its 26th year. The firm has deployed more than $1.7 billion across approximately 200 impact investments on behalf of its various impact funds. Its flagship strategies support positive environmental and social impact while targeting market-rate investment returns, and the firm has been active in impact investing since 2005.
A Milestone for Cleaner Transportation
The transaction represents an important milestone for OBE Power as it scales its EV charging network across North America. The company's fully managed solutions reduce barriers for property owners that want to offer charging services without direct investment or operational burden. This positioning supports the broader transition toward cleaner transportation infrastructure and lower emissions across the region, while capturing rising demand for charging at places where people live, work, and receive services.
With this equity investment, OBE Power has secured a stronger capital foundation for its expansion plans across the United States and Canada. The partnership with North Sky Capital brings impact investment expertise and reinforces the company's role in the evolving EV infrastructure market. As destination-based charging demand grows, OBE Power aims to accelerate deployment while maintaining its fully owned and operated model and providing a scalable path for property owners to participate in EV adoption.