ESG Today writes that Redaptive is a 2015-founded company that helps industrial players reduce energy usage, as well as the energy that might be wasted unnecessarily, by implementing a solution that addresses long-term energy efficiency. The program covers multiple aspects of the process, such as diagnosis and project management, as well as evaluating the required funds and the procurement of the technologies.

Redaptive officials said that the new investment will allow the company to expand its customer base, as well as deploy more projects and improve its solutions.

Arvin Vohra, CEO of Redaptive, said that "this investment is a reflection of the strength of our team and the impact we’re making in the industry. With CPP Investments as a partner, we’re now positioned to accelerate our mission and help more organizations overcome the barriers to energy efficiency and carbon reduction."

CPP Investments previously supported Redaptive, as well, when it financed the company with 200 million USD back in 2022 for its Series E round.