Denver-based Redaptive Secures Additional Investment for Energy-as-a-Service Solutions
Linse Capital adds to the Series E funding, boosting expansion of data-driven energy optimization programs
Redaptive, a Denver, CO-based provider of Energy-as-a-Service solutions, has received an additional investment in its Series E funding round from long-term investor Linse Capital. This latest investment follows recent contributions from Canada Pension Plan Investment Board (CPP Investments), Honeywell, CBRE, and others, raising the total amount for this round to approximately $250 million.
The funding will facilitate the expansion of Redaptive’s offerings and enable the company to support more customers. Its data-driven energy generation and efficiency programs include HVAC, LED lighting, solar, EV, Data Solutions, and other utility upgrades for large sites or distributed real estate portfolios.
Established in 2015 and led by CEO Arvin Vohra, Redaptive is an Energy-as-a-Service provider that finances and installs energy-saving and energy-generating equipment. The company’s programs assist organizations in reducing energy waste, optimizing costs, lowering carbon emissions, and achieving sustainability goals across their entire real estate portfolios. Redaptive’s proprietary metering technology provides customers with continuous data, allowing them to overcome capital and resource barriers and quickly realize energy-saving benefits.
