# SWTCH Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swtch-energy

- Industry: Energy Storage & Batteries
- Headquarters: Toronto, Canada
- Website: https://swtchenergy.com/
- Total disclosed funding: $44M
- Latest round: Series B (Jun 5, 2025)
- Investors on record: 13

## About

Established in 2016 and based in Toronto, Canada, SWTCH Energy Inc. operates as a developer of energy management solutions that maximize charger usage for electric vehicles. The company was established by its CEO Carter Li. The company operates as a developer and manufacturer of EV charging equipment, which includes charging stations, smart building charging installation, and charging control applications. The whole charging solution is integrated into an in-browser app called SWTCH. Users can conduct charging with the company's complimentary RFID card. The company generates revenue by selling its EV charging solutions to properties and individual customers. In June 2025, SWTCH Energy Inc. raised USD 4 million in series B funding from Constellation Technology Ventures. The company plans to utilize the June 2025 funding to electric vehicle charging solution deployment acceleration, electric vehicle charging network monitoring system development, electric load control platform expansion.

## Funding rounds

- Series B, Jun 5, 2025, $4M — Constellation Technology Ventures
- Series B, Apr 18, 2024, $27M — Alantra, Blue Earth Capital, Active Impact Investments, GIGA Investments Corp
- Series A, Mar 15, 2022, $10M — Aligned Climate Capital, Pacific Reach Properties, Active Impact Investments, The Houssian Foundation
- Seed, Feb 22, 2021, $1.9M — Active Impact Investments, GIGA Investments Corp
- Seed, Aug 1, 2020, $0.8M — Export Development Canada, FedDev Ontario, Ontario Centre of Innovation, IBI Group, Active Impact Investments, Cogito Capital

## Investors

- Export Development Canada — Seed
- FedDev Ontario — Seed
- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- IBI Group — Seed
- Active Impact Investments (https://capitalatlas.ai/funds/active-impact-investments) — Seed, Series A, Series B
- Cogito Capital — Seed
- GIGA Investments Corp — Seed, Series B
- Aligned Climate Capital (https://capitalatlas.ai/funds/aligned-climate-capital) — Series A
- Pacific Reach Properties — Series A
- The Houssian Foundation — Series A
- Alantra (https://capitalatlas.ai/funds/alantra) — Series B
- Blue Earth Capital (https://capitalatlas.ai/funds/blue-earth-capital) — Series B
- Constellation Technology Ventures (https://capitalatlas.ai/funds/constellation-technology-ventures) — Series B