Canadian EV charging company Swtch Energy raises US$27.2M to scale up

Swtch Energy Inc. has raised US$27.2 million in fresh funding to scale up in Canada and the United States, as electric-vehicle charging infrastructure in multi-unit residential buildings climbs policymaker, real estate company and consumer priority lists.

Company CEO Carter Li said right-to-charge laws and energy-efficiency mandates are gaining ground in North America, putting the company in a “unique position” to support the real estate sector as chargers become a standard offering in MURBs.

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