August Energy, Energeia Target USD 100M C&I Energy Platform

August Energy, a Singapore-based regional energy-as-a-service (EaaS) infrastructure platform, and Energeia, an Indian energy efficiency company, have entered into a USD 100 Mn partnership. In a release, August Energy shared its plans to fund and deliver energy efficiency infrastructure projects. It will particularly focus on providing cooling as a service (CaaS) for commercial and industrial (C&I) customers across India.

Through August Energeia, the partnership’s dedicated infrastructure platform, August Energy brings capital from European, Japanese, and Asian institutional investors. These include investments from Aravest, Green Tower, Proparco, responsAbility, and Aseem, along with experienced operators and the ability to support customers regionally across India and Southeast Asia. Energeia complements this with its execution and technology capabilities, including IoT energy audit capabilities to build investment-grade efficiency projects across emerging markets and an AI-enabled digital backbone to manage them.

The partnership pairs August Energy’s institutional strengths in capital, techno-commercial structuring, and business development with Energeia’s capabilities in energy audits, engineering execution, and on-ground sales to address one of the biggest barriers to commercial and industrial decarbonisation: the upfront capital required to modernise energy infrastructure. Under the Energy-as-a-Service model, factories and commercial buildings will be able to upgrade energy-intensive infrastructure spanning cooling, heating, steam, compressed air, fuel switching, and motor-driven systems, as well as August Energy-led deployment of renewable energy across solar, wind, and storage, without making the upfront capital investment themselves. Instead, August Energeia will finance, implement, and manage the energy infrastructure, with project economics linked to the performance and savings delivered.

About The Partnership

For customers, this changes the investment decision. Energy-efficiency projects no longer need to compete directly with production expansion, capacity additions, or other growth CAPEX. Businesses can preserve capital for their core operations while reducing energy costs and emissions through an EaaS model. The platform will target energy-intensive sectors including pharmaceuticals, automotive, food and beverage, chemicals, cement, steel, hospitality, healthcare, data centres, REITs, and commercial real estate.

This combination of capabilities turns energy savings into a bankable, repeatable revenue stream and makes energy efficiency an institutionally investable asset class at scale for the first time in India. The USD 100M target signals that distributed energy assets in India are now scalable and attractive to global private capital. The partnership also creates a new deployment pathway for energy-efficient equipment. With upfront CAPEX removed from the customer decision, technologies can increasingly be evaluated on lifecycle energy performance and total cost of ownership rather than purchase price alone, enabling higher-efficiency solutions to be deployed at greater scale.

By combining capital, infrastructure ownership, project execution, and ongoing energy management, August Energy and Energeia aim to aggregate distributed energy-efficiency projects into a scalable investment opportunity. The USD 100M target represents a significant step towards establishing energy efficiency as an investable infrastructure opportunity in India, while giving businesses a practical route to improve operating economics and decarbonise their facilities.

“The technology to optimise and decarbonise Indian factories and buildings has been ready for years, but high upfront prices, energy savings uncertainty, and L1 procurement mandates drastically limited adoption. By shifting the financial model from high-risk CAPEX to predictable, performance-linked OPEX, we are removing the upfront friction and delivering outcomes rather than selling products,” said Sookrit Malik, Co-Founder and CEO, Energeia.

“India’s next phase of industrial growth will require businesses to become more energy-efficient and resilient without diverting capital away from their core operations. We believe energy infrastructure should increasingly be consumed as a service — with investment, technology, and performance responsibility sitting with specialist operators, while customers focus their capital on growth. This partnership with Energeia brings that model to scale. Our ambition is to demonstrate that distributed energy and efficiency projects can deliver measurable value for customers while becoming a credible, scalable infrastructure opportunity for institutional capital,” said Vishal Jain, Co-founder and Head of India, August Energy.