North Sky Leads Series a for OBE Power Charging Network
OBE Power secures Series A funding to expand EV charging infrastructure across North American commercial properties.
Key points
- North Sky Capital led a Series A investment in EV charging operator OBE Power in September 2026.
- OBE Power owns and operates charging infrastructure for multifamily, hospitality, and healthcare properties.
- Investors cite the lag in charging station construction compared to EV sales as the primary market gap.
OBE Power, a company that installs and manages electric vehicle charging stations, has closed a new round of venture capital funding. The deal was led by North Sky Capital, an impact-focused investment firm based in Minneapolis, and announced in September 2026. This Series A financing is designed to fuel rapid growth for the charging operator across the United States and Canada.
The core of OBE’s business model is ownership. Rather than leasing equipment to property managers, OBE buys, installs, and maintains the charging hardware itself. This approach allows apartment complexes, hotels, and healthcare facilities to offer EV charging to their guests and residents without incurring significant upfront capital costs or dealing with the day-to-day technical maintenance.
Bridging the charging infrastructure gap
Investors are increasingly viewing the lack of charging stations, rather than the availability of electric cars, as the primary barrier to wider EV adoption. Lucy Fan, a principal on North Sky’s sustainable infrastructure team, noted that the number of electric vehicles on U.S. roads is rising faster than the build-out of necessary charging infrastructure. OBE aims to fill this void by focusing on destination properties where drivers park for extended periods, such as multifamily housing and hospitality venues.
The company provides a comprehensive service package that includes network operations, driver support, and carbon credit management. By handling these complex operational elements, OBE simplifies the value proposition for property owners. This allows hosts to integrate electric vehicle services into their offerings with minimal disruption to their existing management structures.
Strategic focus on owned assets
Adam Bernstein, a managing director at North Sky, highlighted the company’s fully owned model as a key differentiator. After years of studying the sector, the firm concluded that OBE presents a well-structured expansion opportunity. The backing signals that infrastructure investors are prioritizing companies that control their physical assets, ensuring long-term stability and direct control over service quality.
North Sky has deployed over $1.7 billion across roughly 200 impact investments during its 26-year history. This latest commitment underscores a shift in investment strategy toward the physical infrastructure required to support the energy transition. The funds will be used to scale OBE’s operations and expand its footprint in key commercial and residential sectors across North America.
