SWTCH Energy

SWTCH Energy

EV charging management for multi-tenant properties

Overview

SWTCH Energy provides turnkey EV charging and energy management for multi-tenant properties in North America, combining hardware, software, and ongoing services under a Charging-as-a-Service (CaaS) model. Its SWTCH OS cloud platform lets property managers control charging stations, enforce usage, and handle billing, while SWTCH Control balances load in real time to fit up to 10x more chargers on existing electrical capacity without grid upgrades. The company targets real estate developers, property managers, and parking operators in dense urban settings, offering a landlord-friendly solution that reduces upfront costs and creates new revenue streams. Its goal is to accelerate widespread EV charging adoption in urban areas by making charging an accessible and valuable amenity, supported by ML/AI-powered energy management and a broad charging network.

About SWTCH Energy

Simplify's Rating
Why SWTCH Energy is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Energy

Enterprise Software

Real Estate

Company Size

51-200

Company Stage

Series B

Total Funding

$48M

Headquarters

Toronto, Canada

Founded

2016

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Simplify's Take

What believers are saying

  • Foreseeson opens Canadian channel sales across commercial, multifamily, municipal, and fleet buyers.
  • Parking Boss integration on June 15, 2026 deepens software lock-in for multifamily operators.
  • National Bank's $10 million credit facility funds installations without immediate equity dilution.

What critics are saying

  • Canadian Clean Fuels Regulation funds the Home Charging Program; Ottawa policy shifts break economics.
  • Multifamily deployments like Greystar's California rollout run through 2027, delaying revenue conversion.
  • ChargePoint, Tesla, and FLO commoditize hardware, trapping SWTCH in margin pressure.

What makes SWTCH Energy unique

  • SWTCH Cortex unifies charging, billing, load management, and offline access across properties.
  • SWTCH Tap works during cellular outages, a reliability edge for dense buildings.
  • Foreseeson's August 11, 2026 reseller deal extends SWTCH's Canadian distribution footprint.

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Funding

Total Funding

$48M

Below

Industry Average

Funded Over

9 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-1%

2 year growth

0%
EIN Presswire
Aug 11th, 2026
Foreseeson and SWTCH partner to expand Canadian operations.

Foreseeson and SWTCH partner to expand Canadian operations. Through the agreement, Foreseeson will be an authorised reseller and distributor of SWTCH's offerings across Canada. August 11, 2026 Foreseeson's partnership with SWTCH will enable its charging ecosystem to grow, providing its customer base with access to SWTCH's technology. Foreseeson Technology Inc, a Canadian technology distributor, has announced a strategic partnership with North American EV charging solutions provider SWTCH. Through the agreement, Foreseeson will be an authorised reseller and distributor of SWTCH's offerings across Canada. In its announcement, Foreseeson explained that the mission of the partnership is to provide its customers with a better charging experience and the ability to obtain software and hardware from a single trusted source. Foreseeson has provided EV charging projects for commercial properties and businesses, multifamily buildings, fleets, municipalities, and public-sector organisations in Canada. The company's partnership with SWTCH will enable its charging ecosystem to grow, providing its customer base with access to SWTCH's network operations, energy management, and connectivity technologies. Jonathan Ward, VP of sales for Foreseeson, commented: "Partnering with an industry leader like SWTCH allows us to offer our customers a more connected charging experience while strengthening our position as Canada's most complete EV charging distribution partner." Alongside many countries, Canada's EV charging infrastructure is expanding. This has been driven by electrification mandates, consumer need, and localised and national investments. In late July, the Canadian government announced a CA$10.9 million (US$7.76 million) investment for new charging infrastructure and education projects. In February, the government launched an EV affordability programme to make adoption more accessible. According to Foreseeson, the growth in EV infrastructure and affordability has led operators to prioritise solutions with the least friction, creating demand for integrated end-to-end offerings. The company explained that its partnership with SWTCH will add to its EVSE division, which distributes charging hardware from several "leading brands". Through the partnership, customers will benefit from localised distribution and support from Foreseeson, while SWTCH's technology will manage load and monetise chargers. "This partnership is a natural extension of what we've always aimed to deliver - not just hardware, but complete, capable solutions," concluded Ward. Contributing writer Since 2019, Catie has been writing news, interviews, client content and editing magazines. In recent years, her interest in sustainability has led her to pursue renewable energy as her primary beat. Having written primarily about solar energy and storage, Catie also enjoys covering the positive human impact of renewable technology. Get the latest EV infrastructure updates direct to your inbox Read expert news, data-driven analysis and incisive opinions to help you navigate tomorrow's EV infrastructure landscape. Google Preferred Source

Startup Ecosystem Canada
Apr 7th, 2026
SWTCH simplifies EV charging with new offline tap feature.

SWTCH simplifies EV charging with new offline tap feature. News summary. SWTCH Energy, a North American electric vehicle (EV) charging company, has introduced SWTCH Tap, a feature aimed at enhancing the reliability and ease of EV charging even during network outages. This innovation leverages NFC technology to enable users to start charging their vehicles with a simple smartphone tap, bypassing traditional connectivity requirements. The system is designed to function in three scenarios: full connectivity, dead zones, and total site outages, using SWTCH's Cortex platform to ensure continuous service. This development comes at a critical time for the EV industry, as it faces both challenges and opportunities with an influx of Chinese EVs entering the Canadian market and new incentives for buyers. Story coverage. mobilesyrup.com

EV Charging Stations
Mar 30th, 2026
SWTCH Energy has a solution for multi-family properties.

SWTCH Energy has a solution for multi-family properties. Owning and charging an electric car without a private parking space is possible, too. Published on March 30, 2026 SWTCH Energy, a provider of EV charging solutions for multi-tenant buildings, was present at the recent 2026 EV Charging Summit & Expo (EVCS), showcasing the latest products that enable EV ownership and charging without a private parking space. During EVCS, State of Charge's Tom Moloughney had the opportunity to speak with SWTCH Energy's founder and CEO, Carter Li. The company was founded in 2016 and has since deployed more than 25,000 charging stations across residential communities, commercial buildings, highway corridors, and municipal networks. The main concept of SWTCH Energy is to install a central brain (SWTCH Cortex) and a network of charging stations available to residents with EVs. Electrically, SWTCH relies on load management to use the property's spare power for charging and to minimize or eliminate upgrade costs. The load management settings can be tailored to a particular location, including grouping certain EV charging stations and switching among them every few minutes. SWTCH Energy also handles user authentication (via phone or RFID card) and billing. SWTCH Energy charging stations. SWTCH Energy offers multiple hardware solutions. The latest one is the SWTCH Flex Charger, a Level 1/Level 2 charging station with a peak output of 11.5 kW (up to 48 amps at 240 volts) and SAE J1772/NACS charging connector option. Additionally, the company offers the SWTCH Smart Outlet, a smart NEMA 14-50 outlet with a lock option. In this case, the EV user would have to have their own charging cable. Carter Li, CEO of SWTCH Energy, said: "As EV adoption accelerates, operators need charging that is flexible, cost-effective, and easy to scale. With the launch of the SWTCH Smart Outlet and SWTCH Flex Charger, we're giving customers purpose-built hardware that works seamlessly with SWTCH Cortex so they can future-proof their facilities while delivering reliable charging for every driver." SWTCH Energy's charging solutions: SWTCH Smart Outlet and SWTCH Flex Charger. (Image credit: SWTCH Energy) Additionally, there is a dual-port unit with two charging connectors and an integrated credit card reader for some applications. The market segment of EV charging at apartment buildings has been only a fraction of the total EV charging industry for a long time. Ultimately, it might be bigger than individual home charging stations. That's a huge business opportunity that should not be disregarded. SWTCH Smart appears well positioned to meet market demand.

Automotive World
Mar 17th, 2026
SWTCH Energy completes EV charging portfolio with two launches.

SWTCH Energy completes EV charging portfolio with two launches. SWTCH Energy has launched the Flex Charger and Smart Outlet, completing a line-up from Level 1 charging to high-power DC fast charging * March 17, 2026 EV charging firm SWTCH Energy has launched two new hardware products - the SWTCH Flex Charger and the SWTCH Smart Outlet - completing a portfolio that now spans Level 1 and Level 2 AC charging through to high-power DC fast charging. Both devices integrate natively with SWTCH Cortex, the company's charging management platform, and are compliant with the Open Charge Point Protocol (OCPP). The Flex Charger is available in Level 1 and Level 2 variants, while the Smart Outlet uses a bring-your-own-cable (BYOC) design intended to reduce exposure to cable theft, which SWTCH describes as a widespread problem across the charging industry. Both products support advanced energy management, offline charging, integrated billing, access control and analytics through SWTCH Cortex. The expanded lineup is positioned at property operators managing diverse site types, allowing a single network to support a mix of charging hardware without requiring multiple vendors or systems. Target applications include residential buildings, commercial campuses, retail destinations and highway corridors. In a statement, Carter Li, Chief Executive of SWTCH Energy, said: "With the launch of the SWTCH Smart Outlet and SWTCH Flex Charger, we're giving customers purpose-built hardware that works seamlessly with SWTCH Cortex so they can future-proof their facilities while delivering reliable charging for every driver."

Yahoo Finance
Mar 16th, 2026
SWTCH Energy launches Smart Outlet and Flex Charger to complete EV charging portfolio from Level 1 to DCFC

SWTCH Energy has launched two new products — the SWTCH Flex Charger and SWTCH Smart Outlet — completing its EV charging portfolio from Level 1 to high-power DC fast charging. The company now offers end-to-end charging solutions, eliminating the need for multiple vendors across different property types. Both devices are OCPP-compliant and integrate with SWTCH Cortex, the company's charging intelligence platform that provides energy management, offline charging, billing and analytics. The Smart Outlet features a bring-your-own-cable design to prevent cable theft costs. The launch enables building owners to deploy scalable, cost-effective charging infrastructure whilst retaining flexibility to expand over time. SWTCH's unified system supports mixed deployments across residential, commercial and retail locations through a single load-managed network.

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