INVISIBLE URBAN CHARGING, REDAPTIVE FORM FINANCING PARTNERSHIP FOR EV CHARGER DEPLOYMENT

The partnership allows sites to upgrade EV infrastructure at scale with no upfront costs.

IUC has a deep inventory of charger-deployment contracts that will leverage this funding.

NEW YORK, July 1, 2025 /PRNewswire/ -- Invisible Urban Charging (IUC), a leading provider of Charging-as-a-Service (CaaS) solutions, today announced that it has entered into a financing agreement with Redaptive, a leader in Energy-as-a-Service (EaaS) installations for whole-building portfolios and the installation of energy-saving and generating solutions, to supply capital for the financing and refinancing of certain upcoming and existing portions of IUC's portfolio of contracted EV charger deployments at sites throughout the United States and Europe.

Redaptive's financing solutions help enterprises with energy efficiency and sustainability projects, including funding the upfront costs, providing turnkey implementation of projects, and measuring results through smart metering. Its backers include Linse Capital, Canadian Pension Plan Investment Board, Honeywell International (NASDAQ: HON), and CBRE Group. Redaptive recently announced a US$650M credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA, to expand its EaaS platform and grow its capabilities to fund projects with companies such as IUC.

"The IUC-Redaptive financing partnership provides us with the additional resources to meet our goal of deploying EV chargers in high density," said IUC co-CEO and co-founder Jake Bezzant. "The addition of this financing creates a single source of sustainable, market-ready EV deployments for commercial real estate, with no upfront costs, fixed monthly expenses, exceptional service, and highly transparent, efficient energy solutions."

Initial financing from Redaptive has already been committed to funding several hundred new chargers that IUC has contracted, in addition to potentially several thousand more in its pipeline. That pipeline includes 5,000 chargers that IUC has partnered with Icon Parking, the largest private operator of public parking facilities in New York City, to deploy throughout its more than 200 sites. In addition, following Icon's acquisition of Platinum Parking in 2024, IUC announced that it would be deploying 35,000 chargers across Platinum's more than 300 sites in 19 U.S. cities. IUC also partnered with Highwoods Properties (NYSE: HIW), a publicly traded real estate investment trust (REIT), rolling out EV chargers at several of its premier properties, beginning with three in Atlanta. IUC is also deploying at various commercial real estate sites in other states, including California, Illinois, Massachusetts, Connecticut, and New Jersey.

"The demand for upgraded EV infrastructure continues to grow and can create long-term value for a number of groups, including commercial real estate, industrial organizations, and REITs," said Worth Gentry, Redaptive's Head of Product. "In IUC, we found a solutions provider whose approach to delivering this infrastructure – providing charging as a service in partnership with industry-leading groups – mirrors our own. By making the solution simple, and one market-tested and approved, we achieve the best kind of sustainable business, one that is profitable, repeatable, and transformative."

Last year, IUC announced that, working with CBRE, it is targeting the deployment of one million chargers over five years. IUC and CBRE are focused on large asset-class properties, including public parking, parking operators, and workplace parking facilities with more than 500 spaces per site. IUC provides its Charging-as-a-Service solutions to property owners and occupiers, while CBRE provides site selection, project management, installation, and ongoing maintenance services for the EV charging infrastructure.

"By working with our partners, IUC has created a unique solution in the market, able to bring best-in-class technology together with exceptional service and sustainable, market-understood funding," said Bezzant. "That allows us to help improve infrastructure where it's most needed – at large commercial real estate sites – and do so in a financially attractive and repeatable way."

About Redaptive

Redaptive is a leading Energy-as-a-Service provider enabling Fortune 500 commercial and industrial enterprises to turn real asset infrastructure into a strategic engine for growth and efficiency—bringing together capital, intelligence, and performance. Founded in 2015 and headquartered in Denver, Colorado, Redaptive funds and deploys energy-saving and energy-generating systems across large, distributed real estate portfolios. Its programs help enterprises reduce energy waste, lower carbon emissions, and optimize operating costs—supporting broader business objectives such as operational resilience, financial performance, and long-term sustainability. Through flexible financing structures, asset performance optimization, and AI-driven intelligence, Redaptive empowers organizations to scale energy-efficient solutions faster and smarter. For more information, visit Redaptive.com.

About Invisible Urban Charging

Invisible Urban Charging delivers a complete "charging as a service" solution for electric vehicles with no upfront costs, guaranteed uptime, and total control over pricing set by its clients, all for a fixed monthly fee.  Founded in 2019 and headquartered in Atlanta, Georgia, IUC works with commercial property owners and operators to deploy EV solutions in high volumes at scale to support the growing adoption of electrified transport, both individually and commercially, as well as help property owners increase the overall value of the property. With its best-in-class operating and funding partners, IUC delivers a superior client-service experience for both the owners and the drivers that visit their sites. For more information, please visit our website at www.iucharging.com.

IUC Media Contact:
media@iucharging.com

Redaptive Media Contact:
jimmy.rogers@redaptiveinc.com

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SOURCE Redaptive