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.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?