Swtchenergy
Founded 2016 · 120 employees on LinkedIn · 7 known investors
SWTCH provides EV charging solutions for buildings that leverage existing electrical infrastructure, enabling cost-effective charging deployment and support for growing EV adoption in the built environment.
Also known as SWTCH · SWTCH Energy · SWTCH Energy Inc.
Founders & leadership
Swtchenergy was founded in 2016 by Carter Li.
Investors · 7
Also in the syndicate · 3
Company profile
researched Aug 2026SWTCH Energy Inc. is a Toronto-headquartered provider of electric vehicle charging and energy management solutions for multi-tenant buildings, including multifamily, commercial, workplace, and public/retail properties across North America. The company was founded in 2016 and offers end-to-end deployment, from system design and incentive support through installation, ongoing management and 24/7 monitoring and support (marketed as SWTCH Care, with an extended operations and maintenance plan, SWTCH Care+).
Its platform combines charger management software with advanced load management. SWTCH Portal gives building managers access control, rate structures, loitering enforcement, billing and reporting; SWTCH Control balances charger demand against the rest of a building's electrical load through monitoring, dynamic scheduling and second-by-second adjustments to energy delivery, which the company says allows owners to install roughly ten times more chargers on existing electrical infrastructure and avoid upgrade costs. SWTCH Cortex, the company's more recent platform, unifies Level 2 chargers, DC fast chargers and smart outlets with automated load management and billing. A SWTCH Connect API supports integrations with smart building applications.
Drivers can start sessions via iPhone and Android apps, a no-download web app at charge.swtchenergy.com, or a complimentary tap-and-go RFID charge card, with a wallet-based payment system and pricing set by station owners. The company also markets zero-capital installations through a charging-as-a-service model bundling hardware, installation and electrical upgrades into a monthly payment.
Business model
SWTCH sells and manages EV charging systems for property owners and operators, combining hardware supply, turnkey installation via qualified installation partners, and a cloud subscription platform for charger management, access control, billing and load management. It also offers a charging-as-a-service option in which hardware, installation and electrical upgrades are bundled into a single predictable monthly payment, plus paid extended service coverage (SWTCH Care+) for in-warranty and out-of-warranty parts and labor.
Revenue is derived from EV charging hardware and turnkey installation services, ongoing platform and network management, charging-as-a-service monthly payments, and operations and maintenance service plans. Station owners set their own charging rates and can use the platform to recover energy costs or generate revenue, with drivers billed automatically through a wallet system.
Traction
SWTCH reported a tenfold year-over-year increase in the size of its charging network between its Series A and its April 2024 Series B. In 2025 it was selected by Greystar, described as the largest operator of apartments in the U.S., to manage 2,500 charging stations across 136 Greystar properties in Washington state. Case studies cite a condominium adding 21 charging stations while avoiding $24,000 in electrical upgrades, and the Shannon Wall Centre saving $1 million on EV charging using SWTCH Control.
Latest developments
In June 2025 SWTCH announced a $4 million strategic investment from Constellation Technology Ventures, expanding its Series B to $31.2 million and accompanied by a commercial relationship to deliver EV charging to Constellation's customers. In early 2025 it announced SWTCH Cortex and its selection by Greystar for 2,500 chargers at 136 Washington state properties, and in November 2025 it launched a Canada Home Charging Program offering homeowners free EV chargers and ongoing earnings for charging. Subsequent announcements include SWTCH Tap one-tap offline-capable charging, the SWTCH Marketplace integration directory, and a partnership with Parking Boss for combined EV charging and parking management at multifamily communities.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
The company positions itself as a specialist in EV charging for multi-tenant and multifamily buildings, a segment it describes as under-served in North America, and states it has deployed thousands of charging systems. Its Series B investor Alantra/Klima described SWTCH's capital-efficient, building-integrated model as the best it had seen in the multifamily charging space.
SWTCH emphasizes open-standard, OCPP-certified and vendor-agnostic hardware compatibility, advanced load management that lets properties add chargers without costly electrical upgrades, offline resilience through local backup, zero-capital charging-as-a-service financing, and 24/7/365 monitoring and live support.
Technology
SWTCH's systems are built on the Open Charge Point Protocol (OCPP) open communication standard, making them vendor-agnostic and compatible with multiple charger makes including ABB, Delta, Efacec, EVBox, Lite-On, Phihong, Siemens and Tritium equipment. Certifications listed include OCPP 1.6J, OpenADR 2.0 and ENERGY STAR for EVSE, and network features include payment processing, automatic billing, energy management, access control and demand response. SWTCH Control performs dynamic load balancing across chargers and building loads; SWTCH Cortex unifies Level 2, DC fast charging and smart outlets on one platform with local backup so chargers keep operating during internet outages. Following its Series B, the company said it is applying machine learning and artificial intelligence to advance SWTCH Control and AI-driven network monitoring.
Go-to-market
SWTCH sells directly to property owners, developers and managers, and works with a network of electrical contractors and qualified installation partners for deployment. It supports customers with incentive and system design assistance, participates in programs such as CALeVIP as a listed EV charging provider in California, and pursues channel and strategic relationships — including working with Constellation to deliver EV charging installation and management to Constellation's commercial, industrial, multifamily, hospitality and SMB customers. Integrations with smart building software and a partner marketplace extend distribution.
Building owners, developers, condo boards, and property managers of multifamily and apartment buildings, workplaces, and public/retail sites, along with the EV drivers who use the chargers. Named clients and references include Tridel, Skyline Energy, Onni Group, Crossbridge Properties, The Treviso Condominium, the Shannon Wall Centre, and Greystar.
Geography
Canadian headquarters in Toronto, Ontario (7 Queen Elizabeth Blvd); U.S. headquarters in Boston, Massachusetts (68 Harrison Ave); and an office in Brooklyn, New York (370 Jay Street). The company states it operates across all of North America, including Northern and Southern California, and has an announced Canadian home charging program.
History
Founded in 2016, SWTCH built an OCPP-based charging network and management platform focused on multi-tenant buildings. After a Series A round, its charging network grew tenfold, and in April 2024 it raised $27.2 million in Series B funding led by Blue Earth Capital. In June 2025 Constellation Technology Ventures added $4 million, bringing the Series B to $31.2 million.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 9
launches, deals, and filingsProgram offering Canadian homeowners free EV chargers and ongoing earnings for charging.
Strategic investment to accelerate AI-driven network monitoring, load management and development of SWTCH Cortex.
$4M source ↗
SWTCH to work with Constellation to deliver EV charging installation and management to commercial, industrial, multifamily, hospitality and small-to-medium business customers.
Platform unifying Level 2 chargers, DC fast chargers and smart outlets with automated load management and billing.
Series B round to scale EV charging deployments in multifamily and commercial buildings across North America, with participation from Alantra's Klima Energy Transition Fund, Active Impact Investments and GIGA Investments Corp.
$27.2M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Swtchenergyswtchenergy.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Swtchenergy do?
- SWTCH Energy provides EV charging hardware, software and load management for multifamily, workplace and retail properties in North America.
- Who founded Swtchenergy?
- Swtchenergy was founded by Carter Li in 2016.
- Who are Swtchenergy's investors?
- Swtchenergy's investors include Constellation Technology Ventures, Active Impact Investments, Aligned Climate Capital, Blue Earth Capital AG.