附近上门

has closed on a $20 million funding round led by commercial real estate services and investment firm .

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, , the VC arm of Great Plains Energy Inc., and also participated in the round. The San Francisco provider of commercial Efficiency-as-a-Service (EaaS) plans to use the new capital infusion to expand its product offerings and reach a larger market of commercial customers by growing its sales and marketing teams.

, Co-CEO at Redaptive, described the funding as a growth equity round. The company currently has 40 employees and projects it will increase its employee base by more than 25 percent by the end of 2018.

Since its inception in 2014, Redaptive said it has secured around $200 million in contracts for commercial and industrial customers such as , , and other Fortune 500 companies. The company claims to have generated about a total 423 million kWh of saved energy.

Redaptive鈥檚 EaaS model gives businesses a way to conduct portfolio-wide efficiency upgrades that have the potential to generate immediate utility savings with customers only paying for verified avoided energy, according to the company.

鈥淟ast year alone, our solutions generated savings of $250 million in avoided kWh,鈥� Redaptive Co-CEO told 附近上门 News. 鈥淩edaptive brings a deeper level of visibility into assets, empowering our customers to measure their energy assets as currency.鈥�

The company鈥檚 offerings provide efficiency upgrades that include materials, installation, and maintenance. Redaptive plans to target new customers across the industrial, manufacturing, retail and healthcare sectors.

For its part, CBRE said that it invested in the startup because Redaptive gives its clients 鈥渁n opportunity to save them money, be better stewards of the environment, and track their energy use at a deeper level, across their real estate portfolios.鈥�

ENGIE New Ventures Managing Director said in a statement that Redaptive鈥檚 offerings remove the barriers that 鈥渁 lack of capital and uncertainty over savings鈥� has created for the energy efficiency industry in the past.

鈥淩edaptive鈥檚 energy solutions are unique and compelling, and we believe the team is ideally suited to bring Efficiency-as-a-Service swiftly to scale,鈥� he said.

鈥淲e鈥檙e capitalizing in part on the nexus of the development of building IoT, which is making some of these fixtures smart enough that we can get a more granular understanding,鈥� Vohra said. 鈥淏ecause how can you understand how to reduce consumption without getting to the granular level of it?鈥�

Since many of Redaptive鈥檚 customers don’t have the internal staff or resources to roll out technologies across disparate assets or utilities located in hundreds of geographies, the startup does the work for them.

鈥淲e will invest in their building portfolios so they can get full transparency on an isolated basis,鈥� he added. 聽鈥淲e then only bill a customer effectively on a per kWh basis verified through our data in a method that is similar to a power purchase agreement.鈥�