What is Swre?
Southwest Rural Electric Association (Swre) is a member-owned electric cooperative headquartered in Tipton, Oklahoma. It is dedicated to providing safe, reliable, and affordable electricity to approximately 7,610 active meters spanning southwest Oklahoma and north central Texas. Operating over 3,103 miles of power lines, Swre plays a crucial role in the energy infrastructure of the region. Beyond its core electricity services, the cooperative actively engages in community support through programs like Operation Round Up, assisting local organizations and individuals. Swre also offers energy assistance programs and solar power options, alongside a suite of member services designed to benefit its cooperative members.
How much funding has Swre raised?
Swre has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Swre?
The recent strategic investment in Swre signals a commitment to further strengthening its energy distribution network and potentially expanding its service offerings. As a large-scale, late-stage funding event, this capital infusion is likely earmarked for infrastructure upgrades, technological advancements in grid management, and enhancing the reliability of power delivery to its member base. This strategic backing positions Swre to navigate the evolving energy landscape and continue its mission of providing essential services to rural communities in Oklahoma and Texas.
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