Redaptive is an Energy-as-a-Service company that provides tools both for commercial and industrial customers. Redaptive funds and installs energy-generating and energy-saving equipment. It helps an organization with energy waste reducing, carbon emissions lowering, money saving, and sustainability goals achieving.
New investments came from Canada Pension Plan Investment Board. Also, among potential investors are Linse Capital and CBRE. The second close of the round will be announced at the beginning of 2023. “We are excited about funding Redaptive’s growing business which helps organizations to rapidly reduce energy consumption, save internal capital, and meet GHG emission reduction targets across their entire real estate portfolios,” Bruce Hogg, CPP Investments.
Redaptive, San Francisco, USA was founded by John Rhow and Ryan Martineau in 2015. According to Redaptive’s CEO words, the new funding will be used to accelerate growth, as well as to help customers increase their energy efficiency and reach sustainability goals. “In CPP Investments, we have found a partner who understands our mission and shares our passion for making carbon reduction an attainable goal for organizations around the world,” Arvin Vohra, CEO of Redaptive.