Redaptive’s $20 Million Round of Financing


Wilson Sonsini Goodrich & Rosati advised Redaptive on the deal

Redaptive, a leading provider of commercial Efficiency-as-a-Service (EaaS), has secured a $20 million investment round led by CBRE, the world’s largest commercial real estate services and investment firm. CBRE is joined by ENGIE New Ventures, the corporate venture capital arm of ENGIE, a leader in the energy transition, GXP Investments, the venture capital arm of Great Plains Energy Incorporated, and Linse Capital, a Silicon Valley-based growth capital firm. With this investment, Redaptive aims to expand its product offerings and reach a larger market of commercial customers.

EaaS enables businesses to accelerate portfolio-wide efficiency upgrades that generate immediate utility savings, and customers only pay for verified avoided energy — a stark contrast to the industry’s legacy financing models. Given limited corporate investment dollars available for energy efficiency, Redaptive’s EaaS provides its customers with upfront capital for retrofits, data transparency to validate project savings, and resources to execute multi-site roll-outs programmatically with minimal involvement from customer staff. Redaptive generates positive free cash flow on day one, with a platform that acts as a foundation for future investments in both resource efficiency and smart building innovation.

Redaptive has a proven record of working with customers, among them numerous Fortune 500 companies, such as McKesson and Aramark. To date, the company has secured around $200 million in aggregate contract value, generating approximately 423 million kWh of saved energy and is well positioned to expand within current customer portfolios and new customers across the industrial, manufacturing, retail, and healthcare sectors.

Redaptive accelerates investments in energy efficiency with a focus on returns directly benefiting customers by aligning their interests with their customers. By partnering with Redaptive, customers can upgrade large portions of their real estate portfolio through a streamlined contracting process, unlocking savings that immediately contribute to their bottom-line.

Redaptive, Inc. operates as an energy-efficiency service provider. The Company develops a program and identify sites for energy saving across real estate portfolios. Redaptive serves customers worldwide.

Wilson Sonsini Goodrich & Rosati advised Redaptive on the deal with a team including Bob O’Connor (picture), Randy Lewis, Carrie Kibler,

Andrew Sparks, Jason Slagle, Karen Becker, Sam Musser, Lissette Lastra (M&A), Scott Zimmermann, Grace Hsu (Energy), Brandon Gantus (Employee Benefits and Compensation) and Ryan Greecher (Delaware).

Involved fees earner: Robert O’Connor – Wilson Sonsini Goodrich & Rosati; John Randall Lewis – Wilson Sonsini Goodrich & Rosati; Carrie Kibler – Wilson Sonsini Goodrich & Rosati; Andrew Sparks – Wilson Sonsini Goodrich & Rosati; Jason Slagle – Wilson Sonsini Goodrich & Rosati; Ryan Greecher – Wilson Sonsini Goodrich & Rosati; Scott Zimmermann – Wilson Sonsini Goodrich & Rosati; Grace Hsu – Wilson Sonsini Goodrich & Rosati; Brandon Gantus – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Redaptive Inc.;

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Author: Ambrogio Visconti