+
Decarbonisation platform Accacia raises $ 6.5 mn for real estate
Real Estate

Decarbonisation platform Accacia raises $ 6.5 mn for real estate

Real estate and construction activity are responsible for approximately 40% of global Greenhouse Gas (GHG) emissions, according to reports. It is noted that the sector lacks robust tools to measure climate risks and define decarbonisation pathways.

It was reported that Accacia was founded in 2022 by INSEAD alumni Annu Talreja along with co-founders Piyush Chitkara and Jagmohan Garg. The company offers an AI-enabled SAAS platform intended to aid real estate asset managers, owners, and developers in tracking their emissions and designing their decarbonisation journey.

Rezso Szabo, a Partner at Illuminate Financial, mentioned that the necessity to measure and manage climate risks has become crucial for large financial institutions, particularly concerning real estate, which is one of the most significant and affected asset classes in their portfolio. He emphasized that decarbonisation of real estate presents one of the largest opportunities today, stating that an enormous $ 18 trillion investment is needed over the next decade to achieve net zero in the real estate industry. Helen Wong, Managing Partner at AC Ventures, expressed appreciation for Accacia's custom solution tailored to the nuances of the real estate sector, highlighting its importance given the complexity of value chain emissions and the variety of asset uses.

Accacia's technology platform is reported to integrate seamlessly with existing property management, energy management, and procurement systems to automate real-time data capturing and tracking. This integration is cited as making Accacia the quickest and most affordable solution for real estate companies on their journey to achieving net zero emissions.

Real estate and construction activity are responsible for approximately 40% of global Greenhouse Gas (GHG) emissions, according to reports. It is noted that the sector lacks robust tools to measure climate risks and define decarbonisation pathways. It was reported that Accacia was founded in 2022 by INSEAD alumni Annu Talreja along with co-founders Piyush Chitkara and Jagmohan Garg. The company offers an AI-enabled SAAS platform intended to aid real estate asset managers, owners, and developers in tracking their emissions and designing their decarbonisation journey. Rezso Szabo, a Partner at Illuminate Financial, mentioned that the necessity to measure and manage climate risks has become crucial for large financial institutions, particularly concerning real estate, which is one of the most significant and affected asset classes in their portfolio. He emphasized that decarbonisation of real estate presents one of the largest opportunities today, stating that an enormous $ 18 trillion investment is needed over the next decade to achieve net zero in the real estate industry. Helen Wong, Managing Partner at AC Ventures, expressed appreciation for Accacia's custom solution tailored to the nuances of the real estate sector, highlighting its importance given the complexity of value chain emissions and the variety of asset uses. Accacia's technology platform is reported to integrate seamlessly with existing property management, energy management, and procurement systems to automate real-time data capturing and tracking. This integration is cited as making Accacia the quickest and most affordable solution for real estate companies on their journey to achieving net zero emissions.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code