Redaptive Inc., a leading provider of Efficiency-as-a-Service solutions for commercial and industrial customers, announced it has closed $156.5 million in funding led by CarVal Investors. Existing investors CBRE, Engie New Ventures, Evergy Ventures and Linse Capital also invested in the company alongside CarVal. Redaptive will leverage this operating capital to expand its energy efficiency offerings to meet growing demand from existing and new customers.

Redaptive enables large-scale rapid deployment of building efficiency technologies that reduce operational expenses and deliver immediate returns and long-term value across our customers' real estate portfolios. The firm's Efficiency-as-a-Service solution provides turnkey efficiency upgrades that include materials, installation and maintenance. Customers realize immediate utility bill savings and actual kWh savings verified through Redaptive's metering and building intelligence platform. Redaptive manages a global portfolio of efficiency programs for commercial and industrial customers, including Iron Mountain, Swedish Health Services, Sutter Home, Bentley Mills, SRS Distribution, New Senior, Avantor, Saint-Gobain, Aramark, McKesson, and more. Redaptive has headquarters in San Francisco and offices in Denver and Pune, India.