SWTCH Energy Secures $10 Million Credit Facility to Accelerate Growth

SWTCH, a leading provider of electric vehicle (EV) charging solutions, today announced it has secured a $10 million asset-based credit facility from National Bank of Canada. The facility will provide enhanced working capital to support SWTCH in meeting increasing demand for EV charging infrastructure across North America’s multifamily and commercial property markets.

This new facility provides SWTCH with immediate access to working capital, significantly improving operational efficiency and enabling faster response to market opportunities. The facility comes as electric vehicle adoption continues to accelerate, driving ever-greater demand for accessible charging infrastructure.

With this additional working capital, SWTCH is in an enhanced position to increase inventory levels, accelerate project deployments, and pursue larger commercial opportunities. The facility enables the company to scale operations without constraining cash flow, supporting both organic growth and strategic expansion initiatives.

“We’re pleased to support SWTCH’s continued growth with this financing solution,” said Jeffrey Bennett, Senior Director, Technology & Innovation Banking of National Bank of Canada. “SWTCH’s innovative approach to EV charging infrastructure, proprietary technology, and strong market position made them an ideal candidate for our innovation focused portfolio.”

The credit facility is immediately available and will support SWTCH’s ongoing operations and growth initiatives across its target markets.