OBE Power

OBE Power provides innovative Electric Vehicle (EV) Charging-as-a-Service solutions, catering to diverse clients such as residential properties, workplaces, and commercial enterprises, enabling convenient charging infrastructure across various settings. Founded in 2012, OBE Power is based in Miami, US and specializes in Electric Vehicle (EV) Charging-as-a-Service. The company has completed a total of 2 deals, with its most recent deal occurring on January 11, 2023. The founder, Alejandro Burgana, has a background in entrepreneurship, although details of his prior ventures are not specified.

OBE Power specializes in providing comprehensive Electric Vehicle (EV) Charging-as-a-Service solutions that cater to a diverse clientele, including multi-family residential properties, workplaces, healthcare facilities, colleges and universities, municipalities, and commercial enterprises. The core product offerings include the installation of EV charging stations at no upfront cost to property owners or residents, thereby enhancing property values and customer satisfaction. These services enable property managers and owners to adapt to the growing demand for EV charging infrastructure, responding to the increasing ownership of battery electric vehicles in markets across the United States, where over 1 million units were sold in 2023 alone. The company employs a dynamic business model that focuses on streamlining the charging experience for end-users, allowing them to recharge their vehicles conveniently at places where they live, work, play, and learn.

OBE Power generates revenue through partnerships and subscriptions linked to its Charging-as-a-Service model, which predominantly operates on a B2B basis targeting property owners and managers. The financial framework involves OBE Power covering the installation and maintenance costs of EV charging stations, while clients benefit from enhanced amenities and a potential increase in property value. The transaction structure typically revolves around long-term agreements between OBE Power and property managers, securing access to charging infrastructure for tenants and visitors. Revenue generation is supported by the OBE Power mobile app, which facilitates user engagement by allowing drivers to locate charging stations, manage payments, and receive notifications.

This model ensures that property owners can provide EV charging solutions without incurring direct costs, creating a sustainable revenue stream for OBE Power while enhancing the offerings of their partners. In January 2023, OBE Power raised an undisclosed amount of venture debt funding from new investor SUSI Partners. The company plans to utilize this funding to further advance its EV Charging-as-a-Service offerings and expand its current footprint to the entire country. OBE Power is focused on introducing new products and enhancing its service capabilities to meet the growing demand for EV infrastructure.