Redaptive, a Denver, CO-based provider of Energy-as-a-Service solutions, received an additional investment in its series E funding round from long-term investor Linse Capital.
This latest investment follows recent contributions made by Canada Pension Plan Investment Board (CPP Investments), Honeywell, CBRE, and others – bringing the total amount raised for this round to approximately $250m.
This funding represents another significant step towards expanding Redaptive’s offerings and supporting more customers. With this, the company will continue to support enterprise customers with data-driven energy generation and efficiency programs including HVAC, LED lighting, solar, EV, as well as Data Solutions, and other utility upgrades that can be deployed at large sites or across distributed real estate portfolios.
Founded in 2015 and led by CEO Arvin Vohra, Redaptive is an Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Its programs help sophisticated organizations reduce energy waste, optimize cost, lower carbon emissions, and meet their sustainability goals across their entire real estate portfolios. With Redaptive, customers can overcome capital and resource barriers to achieve energy-saving benefits quickly, all with continuous data powered by Redaptive’s proprietary metering technology.
FinSMEs
03/05/2023