- 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
- 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
- Redaptive enables energy efficiency retrofit programs without upfront capital and guarantees results using directly measured building data
- Current offerings include energy-efficient lighting and heating, ventilation and air conditioning (HVAC) systems
- Redaptive also has offices in Denver and Pune, India
