Redaptive Raises $156.5M In Funding

Redaptive Inc., a San Francisco, CA-based provider of Efficiency-as-a-Service solutions for commercial and industrial customers, closed a $156.5m funding round. Redaptive has enabled over $380 million in sustainability projects and a total energy reduction of 1.1 billion kilowatt-hours, which is equivalent to approximately 778,000 metric tons of CO2 or 1.8 million barrels of oil consumed.

The round was led by CarVal Investors with participation from existing investors CBRE, Engie New Ventures, Evergy Ventures and Linse Capital. The company will use the funds to expand its energy efficiency offerings and deploy over $1 billion in new projects.

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