August Energy and Energeia partner on $100 million energy efficiency platform for India’s C&I sector

August Energy, a Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform, and Energeia, an Indian energy efficiency company, have launched August Energeia, a $100 million platform to finance and deliver energy efficiency infrastructure projects for commercial and industrial (C&I) customers across India, with an initial focus on cooling-as-a-service (CaaS).

The August Energy and Energeia partnership combines August Energy’s strengths in capital, techno-commercial structuring and business development with Energeia’s capabilities in energy audits, engineering execution and on-ground sales. The partnership aims to address one of the biggest barriers to commercial and industrial decarbonisation: the upfront capital required to modernise energy infrastructure.

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

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 deploy renewable energy solutions (led by August 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.  

“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,” said Vishal Jain, Co-founder and Head of India, August Energy. “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.”

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.