On October 7, 2020, Redaptive Inc., a leading provider of Efficiency-as-a-Service (EaaS) solutions for commercial and industrial customers, announced that it had 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. Wilson Sonsini Goodrich & Rosati advised Redaptive in the transaction.

Redaptive enables energy efficiency retrofit programs without upfront capital and guarantees results using directly measured building data. This allows companies to reduce costs while continuing to scale their operations. According to the press release, a growing need to meet sustainability targets, reduce energy costs, and scale portfolio-wide resiliency drives demand for Redaptive’s EaaS solutions worldwide. Redaptive plans to use this funding to expand its energy efficiency offerings to meet this growing demand.

The Wilson Sonsini team that represented Redaptive in the funding includes the following attorneys:

Corporate
Bob O’Connor, Partner
Braden Berg, Partner
Karen Becker, Senior Paralegal

Corporate Finance
Andrew Hirsch, Partner

Energy and Infrastructure
Scott Zimmermann, Partner

Please see Redaptive’s press release for more information.