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Founded Year

2016

Stage

Line of Credit | Alive

Total Raised

$15.68M

Last Raised

$3M | 1 yr ago

Revenue

$0000 

About SWTCH Energy

SWTCH provides electric vehicle charging and energy management solutions for businesses and individuals. The company was founded in 2016 and is based in Toronto, Ontario.

Headquarters Location

64 Fraser Avenue

Toronto, Ontario, M6K 1Y6,

Canada

1-844-798-2438

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Expert Collections containing SWTCH Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SWTCH Energy is included in 1 Expert Collection, including Auto Tech.

A

Auto Tech

3,498 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

Latest SWTCH Energy News

SWTCH Energy Unveils SWTCH Control To Solve EV Charging Capacity Challenges At Aging Multi-Tenant Buildings

Apr 14, 2023

SWTCH Energy Unveils SWTCH Control To Solve EV Charging Capacity Challenges At Aging Multi-Tenant Buildings By 7 seconds ago The launch of SWTCH Control, an energy management tool that dynamically modifies the energy used by EV chargers based on a building’s actual energy consumption, was announced today by SWTCH Energy, a pioneer in developing electric vehicle (EV) charging solutions for multi-tenant buildings across North America. SWTCH is now extending access to the tried-and-true solution, which enables building owners to safely and effectively install and manage up to 10 times more EV chargers without the need for an expensive infrastructure investment. The solution is already in use at a few select buildings across North America. “More than one-third of all North Americans live in multi-tenant properties, and most still can’t charge at home. This bottleneck is only going to get tighter as more people choose to drive EVs,” said Carter Li, CEO of SWTCH. “We’re excited to demonstrate how SWTCH Control tackles the main challenge to retrofitting existing multi-tenant properties for EV charging: electrical capacity. Our solution provides unmatched visibility into building electrical loads and available capacity, and early adopters have been able to instantly expand their charging options and/or make EV charging possible for the first time.” SWTCH Control is an intelligent load management system that keeps an eye on energy use in multi-residential buildings and distributes charging to times when there is less demand. By dynamically changing on-site charger output depending on tenant energy usage spikes, SWTCH Control offers real-time awareness and gives multi-residential owners and operators peace of mind. The system ensures the electrical capacity of the building is never exceeded and that all electric vehicles are fully charged by the morning, utilizing periods of lower demand throughout the night. This will help building owners and managers, so they can maximize the number of chargers that can be installed in their buildings safely and efficiently. The chargers are also continuously monitored by the software, which also offers round-the-clock technical help to guarantee that any hardware problems are quickly fixed. “Utilizing SWTCH Control to execute our plan to install and manage EV chargers at Skyline’s properties has been a seamless experience,” said Rob Stein, President, Skyline Energy. “We’re future-proofing our buildings to benefit our tenants and incorporate clean energy alternatives that reduce our carbon footprint. SWTCH’s software takes the electrical load management off our hands while providing a solution that makes financial sense.” Building owners and managers are under more pressure than ever to future-proof their facilities without investing in expensive modifications, and SWTCH Control satisfies the enormous demand for multi-tenant EV charging. EV adoption is expected to continue accelerating. With states like California, Massachusetts, Colorado, Oregon, and New York proposing EV charging readiness standards for new multi-residential buildings, the move from nice-to-have amenity to must-have need for EV charging at multi-residential buildings is only growing. In order to meet its goal of having all new vehicle sales be EVs by 2035, Canada is working to evaluate building regulations in provinces like Alberta, Ontario, Saskatchewan, and Nova Scotia. These provinces include British Columbia, which has already passed EV charging readiness regulations, and Quebec, which is in the process of doing the same. “Providing ample EV charging for our residents, tenants, and customers is only going to become more important in our fast-changing markets, and SWTCH Control has been key to supporting our efforts in this space at many of our latest projects, be it in Los Angeles, Chicago, or Vancouver,” said Duncan Wlodarczak at Onni Group, an international all asset class real estate developer with projects across North America. “We’ve been able to install the initial chargers to meet current demand, but more importantly we feel confident in our ability to manage adding additional chargers in the near future as the US and Canada continue to break records for EV adoption and EV-readiness.” About 500 real estate clients have utilized SWTCH to date, and the company presently oversees over 10,000 chargers on its network. A number of these clients use SWTCH Control to continuously monitor the energy use of their EV chargers. SWTCH also has a partnership with Electric Circuit that allows users of either service to access thousands of charging stations across North America. Using their existing preferred network, account users can access either network without the need to create a new network account. SWTCH users gain access to more than 3,800 chargers, including 600 fast-charging stations, in Québec and parts of eastern Ontario. Source & photo: SWTCH via businesswire Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here . Designing the Future at Italdesign I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours.Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ... If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do!Thank you!

SWTCH Energy Frequently Asked Questions (FAQ)

  • When was SWTCH Energy founded?

    SWTCH Energy was founded in 2016.

  • Where is SWTCH Energy's headquarters?

    SWTCH Energy's headquarters is located at 64 Fraser Avenue, Toronto.

  • What is SWTCH Energy's latest funding round?

    SWTCH Energy's latest funding round is Line of Credit.

  • How much did SWTCH Energy raise?

    SWTCH Energy raised a total of $15.68M.

  • Who are the investors of SWTCH Energy?

    Investors of SWTCH Energy include IBI Group, Active Impact Investments, Pacific Reach Properties, Landmark Management, Silicon Valley Bank and 7 more.

  • Who are SWTCH Energy's competitors?

    Competitors of SWTCH Energy include Enel X and 8 more.

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Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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Compare SWTCH Energy to Competitors

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ChargeLab offers an EV charging software designed to operate and optimize electric vehicle charging equipment. Its software works as an operating system for EV chargers that can be used across a variety of charging networks. The company's customers include fleets, building owners, convenience stores, and utilities. The company was founded in 2015 and is based in Toronto, Ontario.

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NovaCHARGE

NovaCHARGE is a technology manufacturer and systems integrator of electric vehicle (EV) hardware and cloud software. It provides electric vehicle (EV) charging solutions for the workplace, MDUs, residential, retail, fleet, and municipal markets. It was founded in 2008 and is based in Orlando, Florida.

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EVPassport

EVPassport is an EV charging hardware and software platform for purpose-driven organizations. Brands committed to sustainability rely on EVPassport to provide their customers with a payment experience to charge any electric vehicle without requiring a separate app, account, or a top-up balance.

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