SWTCH Energy is a Foresight 50 2023 Honouree
Smart Charging for Busy Buildings
By 2030, in North America, more than five million electric vehicle (EV) drivers will live in multi-unit residential buildings (MURBs) where they don’t have access to EV charging — a market worth USD $24 billion.
SWTCH was founded by Carter Li to address the unique challenges of deploying EV charging in MURBs. Since its founding in 2016, SWTCH has become an industry leader in EV charging solutions for MURBS, with over 7,500 charging stations deployed at over 1,250 multi-tenant buildings.
With these 7,500 charging stations, SWTCH has helped over 25,000 EV drivers living in MURBs achieve over 400,000 charging transactions while mitigating over 7,000 tonnes of GHG emissions and generating over $25 million in commercial revenue.
Why our venture should be considered one of Canada’s 50 most investable cleantech companies:
SWTCH is pioneering EV charging solutions in MURBs that seamlessly integrate EVs into the grid of the future. We work with utilities, real estate developers, and building operators on cost-effective building retrofits, demand response programs, and distributed energy resource (DER) aggregation solutions to help communities make the transition to electric vehicles.
Our SWTCH ControlTM EV charging platform enables intelligent, customer-centric EV charging by integrating with building energy management systems and grid services to reduce electrical capacity constraints, shift peak energy demand, and effectively price charging services.
By lowering the cost of ownership for EV drivers residing in multi-unit residential buildings, our technology will improve access to EV charging infrastructure and the overall adoption of EVs in multifamily communities across Canada.