Venture Capital: Enterprise Energy-as-a-Service Provider Redaptive Lands $50M
The raise by Redaptive brings up the total for the round to $250 million.
Redaptive, a provider of Energy-as-a-Service solutions, has received an additional investment from Linse Capital in its series E funding round. This funding is a significant milestone in the expansion of Redaptive’s offerings to support more customers.
Previously, Canada Pension Plan Investment Board, Honeywell, CBRE, and others contributed to the round, bringing the total amount raised to approximately $250 million. (Businesswire)
With this funding, Redaptive will continue to provide enterprise customers with energy generation and efficiency programs, including HVAC, LED lighting, solar, EV, Data Solutions, and other utility upgrades that can be implemented at large sites or across distributed real estate portfolios.
Redaptive’s solutions are designed to assist enterprise clients in overcoming financial and logistical hurdles that prevent them from investing in energy efficiency and reducing their carbon footprint.
Redaptive funds the upfront costs, provides turnkey implementation of projects, and measures results through smart metering, making it easy for organizations to achieve net-zero goals.
Related Story: Energy-As-A-Service Provider Redaptive Raised $200M
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