Redaptive, a Denver, CO-based Energy-as-a-Service provider, has raised $100 million in equity investment.
Investors
The investment came from the Canada Pension Plan Investment Board (CPP Investments), a global investment management organization based in Toronto. CPP Investments manages assets for over 22 million Canada Pension Plan contributors and beneficiaries worldwide, investing in public equities, private equities, real estate, infrastructure, and fixed income to build diversified portfolios. CPP Investments has offices in major cities such as Hong Kong, London, New York City, and Sydney.
Redaptive Use of Funds
The new funding will accelerate Redaptive's growth and enhance its service offerings.
About Redaptive
Founded in 2015 and headquartered in Denver, Redaptive is an Energy-as-a-Service (EaaS) solutions provider that helps organizations reduce energy waste, lower costs, and cut emissions, focusing on large Commercial & Industrial companies. The company manages long-term energy efficiency programs, covering all aspects from diagnostics and project development to funding, procurement, project management, and monitoring through a shared savings model at no upfront cost to customers. Redaptive also offers proprietary metering technology that provides real-time, asset-level energy data to help users gain deeper insights and control over their energy use.
Funding Details
Company: Redaptive, Inc.
Raised: $100.0M
Round: Equity
Funding Date: October 2024
Investor: Canada Pension Plan Investment Board
Company Website: https://redaptive.com/
Software Category: Energy-as-a-Service Solutions
Source: https://www.esgtoday.com/redaptive-raises-100-million-to-scale-energy-saving-decarbonization-solutions/