Redaptive, a Denver, CO-based Energy-as-a-Service (EaaS) provider, raised $100M in funding.
The round was led by Canada Pension Plan Investment Board (CPP Investments).
The company intends to use the funds to accelerate its growth in projects and enhance its service offering to serve its customer base and ecosystem of energy performance developers and contractors.
Led by CEO Arvin Vohra, Redaptive offers a comprehensive solution that manages the aspects of long-term energy efficiency programs, from diagnostics and project development to funding, procurement, project management, and monitoring. These programs, typically spanning 5 to 15 years, are delivered at no upfront cost to customers through a shared savings model, where Redaptive shares in the savings achieved from reduced energy consumption. Additionally, its proprietary metering technology provides customers with real-time, asset-level energy data, helping them gain deeper insights and control over their energy use.
The company was founded in 2015.
FinSMEs
22/10/2024