Redaptive is an Energy-as-a-Service company that provides tools both for commercial and industrial customers. The company provides enterprise customers with data-driven energy generation and efficiency programs including HVAC, LED lighting, solar, EV, and other utility upgrades that can be deployed at large sites. It helps an organization with energy waste reducing, carbon emissions lowering, money saving, and sustainability goals achieving. Redaptive’s AI-enabled smart-metering technology identifies and measures the impact of enterprise customers’ most meaningful energy upgrades for entire portfolios.
The energy efficiency startup announced in December it had raised $200 million from the Canada Pension Plan Investment Board and others after scrapping plans to go public. Redaptive has added another $50 million to its Series E. Led by long-time investor Linse Capital, the fresh funding brings the round total to $250 million.
Redaptive, San Francisco, United States, was founded by John Rhow and Ryan Martineau in 2015. “This additional contribution further accelerates our ability to bring our solutions to more customers making it possible for them to reduce their carbon footprints and achieve their sustainability goals,” said CEO of Redaptive Arvin Vohra.