SWTCH
SWTCH Energy is a Toronto-based EV charging solutions provider serving North American multifamily and commercial property owners, deploying 25,000+ charging stations via its SWTCH Cortex platform, hardware portfolio, and Charging-as-a-Service subscription model.
- Company typePrivate
- Founded2016
- HeadquartersToronto, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What SWTCH does
SWTCH Energy Inc. is a Toronto-based provider of electric vehicle charging solutions purpose-built for multi-tenant and commercial properties across North America. Founded in 2016, the company has deployed more than 25,000 charging stations across over 900 residential, commercial, and municipal locations, with more than 75% of stations concentrated in multifamily buildings. SWTCH sells a unified hardware-plus-software stack anchored by SWTCH Cortex — an intelligent, OCPP 2.0.1-certified platform that combines cloud-based network management with onsite edge computing (SWTCH Nexus), wireless long-range networking, advanced load management, climate-system coordination, and ISO 15118/OpenADR/OCPI compliance. The hardware portfolio spans the SWTCH Flex Charger (Level 1/Level 2), the SWTCH Smart Outlet (bring-your-own-cable ultra-low-cost charger), and DC Fast Chargers from third parties, complemented by user-facing iOS/Android/web apps, RFID charge cards, and the offline-capable SWTCH Tap NFC feature.
SWTCH monetizes through a Charging-as-a-Service (CaaS) subscription at $100–$300 per port per month (4–7 year terms) that bundles hardware, installation, software, and ongoing maintenance into predictable monthly revenue without charging-session revenue share. Direct enterprise sales target multifamily property owners and operators (Greystar, FirstService Residential, CBRE, Colliers, NextEra Energy, Constellation), supported by channel partners (electrical contractors, energy consultants) and government program bids (Washington Department of Commerce, NYSERDA, Ontario). Hardware sales, professional installation, and managed services (SWTCH Care) provide additional revenue streams, while the Canada Home Charging Program and CFR carbon credit monetization ($0.02–$0.30 CAD/kWh rebates) extend the model into consumer/residential and data-monetization segments.
The company has raised approximately $48.7 million in cumulative funding, including a $10M Series A led by Aligned Climate Capital (April 2022), a $31.2M round led by Blue Earth Capital (April 2024), and a strategic investment from Constellation Technology Ventures (May 2025). Strategic priorities visible from the partnership and product cadence — fleet electrification via Curo, ecosystem buildout via SWTCH Marketplace, NFC offline charging via SWTCH Tap, and Quebec/Washington State geographic expansion — point to a company transitioning from a regional multifamily specialist into a multi-vertical North American EV charging platform with grid-services optionality.
SWTCH firmographics
Firmographics- Name
- SWTCH
- Legal name
- SWTCH Energy Inc.
- Website
- https://swtchenergy.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SWTCH Energy is a Toronto-based EV charging solutions provider serving North American multifamily and commercial property owners, deploying 25,000+ charging stations via its SWTCH Cortex platform, hardware portfolio, and Charging-as-a-Service subscription model.
- Ownership category
- akta.pro rank
SWTCH industry classification
Industry- Product category
- EV Charging Infrastructure & Energy Management
- NAICS
- Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)
- akta.pro secondary industries
- Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA), EV Charging Settlement, Billing & Roaming (Payments, Tariffs, Clearing) (EUAFAMAI), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF)
Keywords
Where SWTCH is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
SWTCH business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Supply Chain, Infrastructure, Operations
Revenue model
- EV Charging Management / Network Services: SWTCH manages EV charging infrastructure for property owners and operators, providing software platform access, monitoring, maintenance (SWTCH Care), and billing/load management services. Revenue is generated through recurring management fees, transaction processing, or bundled into Charging-as-a-Service subscriptions.
- Charging-as-a-Service (CaaS): A subscription model that bundles hardware, installation, software, and ongoing maintenance into a single predictable monthly fee per port (typically $100–$300/month for Level 2). Eliminates upfront capital expenditure for property owners. SWTCH retains no cut of charging revenue — all revenue goes to the property owner.
- Hardware Sales: Sale of EV charging hardware including Level 1, Level 2, and DC Fast Chargers, as well as the SWTCH Smart Outlet and Flex Charger. Hardware is sold directly to property operators or through Charging-as-a-Service bundled arrangements.
- Professional Installation Services: Turnkey installation services delivered through a network of qualified installation partners and electrical contractors. Can be bundled into CaaS contracts or sold separately.
- Carbon Credits (Clean Fuel Regulation): SWTCH participates in Canada's Clean Fuel Regulations (CFR) carbon credit program, generating credits when customers charge EVs, selling them to fossil fuel companies that need to offset emissions. Revenue is shared with homeowners and small businesses through per-kilowatt-hour rebates of $0.02–$0.10/kWh, and by offering free or subsidized Level 2 chargers as incentives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Charging-as-a-Service (CaaS) — Level 2 per port monthly subscription |
| Subscription | Monthly | SWTCH Care — Operations & Maintenance Package |
| Freemium | Pay-as-you-go | Canada Home Charging Program |
| Transaction based/ take rate | Pay-as-you-go | Charging Session Pricing (Property Owner-Set) |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
SWTCH product offering
Product offeringCore offering
SWTCH provides an intelligent EV charging platform (SWTCH Cortex) combined with proprietary hardware (Flex Charger, Smart Outlet) and services (Charging-as-a-Service, SWTCH Care) for multi-tenant and commercial properties. The unified solution enables property owners to deploy and manage EV charging on existing electrical infrastructure through advanced load management, local edge computing, and OCPP-certified interoperability, eliminating costly electrical upgrades.
Product overview
SWTCH is a unified EV charging platform-plus-hardware provider offering an integrated ecosystem for multifamily and commercial properties across North America. The core platform is SWTCH Cortex, an intelligent charging management system that unifies the entire hardware spectrum—from Smart Outlets and Level 2 chargers to DC Fast chargers—on a single, cloud-based platform with onsite edge computing via SWTCH Nexus. Hardware offerings include the SWTCH Flex Charger (Level 1/Level 2) and SWTCH Smart Outlet. The portfolio is complemented by services including SWTCH Care (24/7 monitoring/maintenance), Charging-as-a-Service (CaaS) subscription model, and the Canada Home Charging Program. User-facing solutions include iOS/Android mobile apps, web app, and RFID charge cards. Additional features include SWTCH Tap (offline NFC charging), SWTCH Marketplace (integration directory), and carbon credit sharing programs.
Differentiator
Problem solved
Functional benefit
Brands
- SWTCH Cortex: Intelligent EV charging platform that unifies hardware from Level 2 to DC Fast chargers on a single platform with automated load management and billing tools
- SWTCH Nexus
- SWTCH Tap
- SWTCH Flex Charger
- SWTCH Smart Outlet
- SWTCH Care
- SWTCH Charging-as-a-Service
Products and services
- SWTCH Cortex Intelligent EV charging platform that pairs OCPP-certified software with purpose-matched hardware to deliver EV charging that installs simply, manages efficiently, and scales on existing electrical infrastructure. Unifies cloud-based intelligence, onsite computing reliability via SWTCH Nexus, and advanced energy management for property owners and operators.
- SWTCH Flex Charger EV charging hardware available in Level 1 and Level 2 models, natively integrated with the SWTCH Cortex platform. Designed for scalable and cost-effective EV charging across various property types.
- SWTCH Smart Outlet Bring-your-own-cable (BYOC) EV charging hardware with native SWTCH Cortex integration. Designed for ultra-low-cost overnight charging while protecting site owners from cable theft costs.
- Charging-as-a-Service (CaaS) Subscription model covering equipment, installation, software, and ongoing maintenance for EV charging infrastructure. Converts CapEx to OpEx with predictable monthly fees ranging from $100-$300 per port for Level 2 chargers. SWTCH does not take a cut of charging session revenue.
- SWTCH Care Comprehensive 24/7 monitoring, maintenance and support service ensuring maximum charger uptime. Includes remote monitoring, hardware support, and operations and maintenance packages. Included in CaaS contracts and available as standalone O&M packages for Level 2 deployments.
- Canada Home Charging Program Program offering Canadian EV owners free Level 2 chargers and cash back for home charging. Participants earn $0.30 CAD per kWh by generating carbon credits under Canada's Clean Fuel Regulation, monetized through the SWTCH Home App.
- SWTCH Mobile App iOS and Android mobile application for EV drivers to locate chargers, initiate charging sessions, manage payments, and access support. Available on App Store and Google Play.
- Professional Installation Services Turnkey installation services delivered through a network of qualified installation partners and electrical contractors. Can be bundled into CaaS contracts or sold separately as part of EV charging deployment.
Quantifiable outcome
- $1 million saved on EV charging installation at Shannon Wall Centre, Vancouver (property with 300+ units) by using existing electrical infrastructure with SWTCH's load management
- +5 more outcomes
Companies that use SWTCH
Customer profileNamed customers9 records
Segments7 records
Ideal customer profiles4 records
SWTCH technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability3 records
Feature10 records
SWTCH partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, minor and flagship.
- Parking Boss (Community Boss)coreIntegration partnership announced June 2026 delivering a fully integrated EV charging and parking access experience. Residents can start/stop EV charging with the same NFC Boss Tag used for parking access — no separate app or account required. Property managers gain stall-level enforcement ensuring designated EV stalls are reserved exclusively for permitted residents.
- Plug'n DrivecorePartnership to allow Canadian EV owners to earn $0.30 CAD per kWh for charging at home through SWTCH's Home Charging Program. Participants opt in to generate Clean Fuel Regulation carbon credits and can receive a free home EV charger as an incentive.
- FirstService ResidentialcorePartnership to install 1,000 AC Level 2 EV charging points across 85 FirstService Residential-managed communities in the U.S. and Canada, covering New York, New Jersey, Florida, Ontario, and British Columbia, serving over 45,000 residents.
- CurocoreStrategic partnership announced August 2025 connecting Curo's Virtual Depot platform with SWTCH's EV charging network to enable seamless access to distributed charging infrastructure for commercial fleets across North America. Curo operates in 14 U.S. states with over 200 vehicles using its virtual depot model. The partnership addresses insufficient fleet charging access and underutilized charging assets.
- Kite MobilityminorMulti-tenant EV charging project completed in Ontario in partnership with Kite Mobility, supported by a $500,000 Ontario government grant plus industry contributions totaling $1.5 million project value. Involved installing 15 smart EV chargers to optimize energy use and demonstrate the impact of EV-sharing programs on local grids.
- GreystarflagshipSWTCH selected to manage 2,500 EV chargers across 136 Greystar multifamily properties in Washington State — one of Washington State's largest multi-family EV charging deployments. Part of the Washington Department of Commerce's Electric Vehicle Charging Program with $25.6M in funding. Hardware provided by Wallbox, installation by COIL.
- BectrolcorePartnership announced January 2023 for SWTCH's first major EV charging deployment in Québec. Bectrol, a Québec-based integrator of EV chargers and provider of industrial automation, provides turnkey EV charging installation services (design, installation, maintenance) across multi-residential and commercial buildings in the province.
- Hydro-Québec / The Electric CircuitcoreRoaming agreement announced November 2022 enabling SWTCH and Electric Circuit account holders to charge on either network through their preferred app. SWTCH drivers gained access to 3,800 additional chargers (including 600 fast chargers) in Quebec; Electric Circuit drivers gained access to 2,750 SWTCH chargers across North America. Integration enabled by ChargeHub's Passport Hub solution.
- ChargeHubcoreChargeHub's Passport Hub solution enables interoperability between SWTCH and the Electric Circuit networks, letting drivers use multiple charging networks through a single account. Over 60,000 charging ports in the US and Canada are interoperable through Passport Hub.
- The Clean Fight / New Energy NexuscoreSWTCH was selected as a cohort company in The Clean Fight, a not-for-profit climate-tech accelerator supported by NYSERDA and New Energy Nexus, focused on high-impact solutions for non-luxury buildings. SWTCH is collaborating with other cohort companies to decarbonize New York's residential and commercial buildings and serve LMI communities.
- WallboxminorHardware supplier for the Greystar deployment in Washington State, providing EV charging stations that integrate with SWTCH Cortex.
- COILminorInstallation partner for the Greystar deployment in Washington State, handling on-site charger installation across 136 properties.
- EV & Charging ExpominorSWTCH is an exhibitor at Canada's largest EV and charging infrastructure event (April 8–9, Toronto), showcasing products alongside Ford Pro, GM Envolvey, Kia Fleet, Hypercharge, and others.
- EV Charging Summit & ExpominorSWTCH showcased the SWTCH Flex Charger and Smart Outlet at the 2026 EV Charging Summit & Expo, demonstrating the complete EV charging portfolio from Level 1 to DCFC.
- SmartONE, Rent Manager, ParkChamp, Rewire Energy, BC Hydro, WEX, VTS, Flash Parking, Weeve, iStall, REVS, Amperage CapitalcoreLaunch partners in the SWTCH Marketplace (integrations directory), covering resident apps, parking, car sharing, energy management, utilities, utilization, and fleet categories. Each partner has a certified integration with SWTCH Cortex.
Scale indicators8 records
Recent moves7 records
Expansion highlights7 records
SWTCH competitors and assessment
Company assessmentEmerging players
- WeaveGrid: WeaveGrid is a software platform for EV-grid integration, helping utilities and automakers manage distributed EV charging. It is a partial-overlap emerging player that intersects with SWTCH's load management and demand response capabilities.
- Enphase Energy: Enphase Energy is a solar and battery company that has expanded into EV charging through the acquired ClipperCreek business. As a larger energy ecosystem player adding EV charging, it is an emerging peer that could move into SWTCH's property-focused segment.
- The Mobility House: The Mobility House provides EV charging management, smart charging, and vehicle-to-grid (V2G) software for fleets and properties. It overlaps with SWTCH on managed charging software and grid-flexibility capabilities.
Direct peers
- ChargePoint: ChargePoint is the largest EV charging network operator in North America, providing networked Level 2 and DCFC chargers and a cloud-based management platform. It directly competes with SWTCH in commercial and multifamily property deployments and is the most comparable public peer.
- Blink Charging: Blink Charging operates a US EV charging network targeting multifamily, commercial, and fleet customers with both Level 2 and DCFC hardware. It is a directly comparable mid-sized peer in the property-focused EV charging segment.
- AmpUp: AmpUp provides an EV charging management software platform for properties, workplaces, and fleets. As a software-centric peer, AmpUp is closely comparable to SWTCH Cortex's software-first positioning in the same target market.
- Flo (formerly AddÉnergie): Flo is a Canadian EV charging network operator with deep presence in Quebec and across Canada. It competes with SWTCH in Canadian multifamily and commercial deployments and has been expanding into the US, overlapping in target customer profile.
- Stable Auto: Stable Auto is a US EV charging software and services company focused on multifamily properties. It is an emerging direct competitor in SWTCH's core vertical with a similar software-first go-to-market approach.
Others
- Wallbox: Wallbox is a global EV charging hardware manufacturer and a supply partner to SWTCH (hardware provided for the Greystar Washington deployment). As an enabler/partner with overlapping multifamily customers, Wallbox is adjacent rather than a direct competitor to SWTCH's software stack.
Broad incumbents
- EVgo: EVgo is a publicly listed DC fast-charging network operator with a national footprint. While it primarily focuses on public DCFC, its scale and balance sheet make it a broader incumbent competitor and benchmark for network economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SWTCH social profiles
Digital presenceSWTCH compliance and trust
Trust signalCompliance5 records
SWTCH financial estimates
Financial estimateRevenue estimate
Valuation estimate
SWTCH leadership team
Management profileNumber of profiles
Profiles20 records
SWTCH funding detail
Funding detailFunding overview
Funding rounds12 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SWTCH M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SWTCH
What does SWTCH do?
SWTCH provides an intelligent EV charging platform (SWTCH Cortex) combined with proprietary hardware (Flex Charger, Smart Outlet) and services (Charging-as-a-Service, SWTCH Care) for multi-tenant and commercial properties. The unified solution enables property owners to deploy and manage EV charging on existing electrical infrastructure through advanced load management, local edge computing, and OCPP-certified interoperability, eliminating costly electrical upgrades.
Is SWTCH a public or private company?
SWTCH is a private company. It is classified as venture growth investor backed and is currently operating.
When was SWTCH founded?
SWTCH was founded in 2016. It employs 101 to 250 people.
Where is SWTCH based?
SWTCH is headquartered in Toronto, Canada, in the North America region.
How does SWTCH make money?
Five revenue lines are on record. EV Charging Management / Network Services are the primary driver. The others are charging-as-a-Service (CaaS), hardware Sales, professional Installation Services and carbon Credits (Clean Fuel Regulation).
Who are SWTCH's main competitors?
Emerging players on record are WeaveGrid, Enphase Energy and The Mobility House. Direct peers are ChargePoint, Blink Charging, AmpUp, Flo (formerly AddÉnergie) and Stable Auto. Wallbox is listed as an others. EVgo is listed as a broad incumbent.
Does SWTCH have an API?
No public API is recorded for SWTCH.
What industry is SWTCH in?
SWTCH's product category is EV Charging Infrastructure & Energy Management. Its primary akta.pro industry code is TLAKAMAG, EV Charging Network Management & Software Services (CPMS, Monitoring, Billing), with a secondary code of EUAFAMAA, Managed EV Charging Software (Residential, Fleet, Workplace). Its NAICS code is 221122 and its SIC code is 4911.