Redaptive secures $125 million financing via Deutsche Bank

By Marisa Wong

Los Angeles, Aug. 24 – Redaptive, Inc. secured $125 million of committed financing from Deutsche Bank’s US Private Credit & Infrastructure group, according to a company press release.

The company said the warehouse facility from Deutsche Bank will securitize its diverse portfolio of customer contracts allowing it to provide customers with the most competitive pricing for energy-as-a-service and data offerings.

Redaptive said it helps major corporations achieve net zero goals through fully funded end-to-end energy-saving and renewable upgrades with their energy-as-a-service offering. The company also tracks and analyzes building performance and consumption of water, gas, and energy for ESG reporting for customer building portfolios through their metering platform, Redaptive ONE.

Deutsche Bank AG, New York Branch acted as facility agent, and Deutsche Bank Trust & Agency ABS and document custody services team was account bank and verification agent on the warehouse facility.

Denver-based Redaptive funds and installs energy-saving and energy-generating equipment that includes metering, HVAC, solar, LED, EV and other efficiency and sustainability products.

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