Kaer expands operations in six major cities in India
Kaer, a Global Cooling as a Service (CaaS) provider headquartered in Singapore, is expanding its operations in six major cities in India – Bengaluru, Gurugram, Noida, Chennai, Hyderabad and Mumbai. Kaer designs, builds, and operates cooling systems to support Asia’s growing demand for cooling, particularly for commercial and industrial buildings. The company is expanding aggressively across the market, tapping into India’s high demand for centralised cooling, which accounts for about 57% of the country’s energy requirements.1 With a contracted pipeline of projects worth over $250 million across Asia, Kaer’s CaaS model delivers cooling to mission critical facilities to support their operations and with a focus on renewable energy and sustainable operations, saves over 25,000 metric tons of carbon dioxide (CO2) every year. Under Kaer’s CaaS offering, customers simply dictate the cooling conditions they require and Kaer delivers that as and when needed by the building. As a part of expansion, Kaer has appointed Govindan Raghavan as India’s Managing Director. He will be, responsible for Kaer’s customer portfolio growth in India, and for managing the on-ground team providing end to end customer support. Prior to this, he has held several senior leadership positions at Indian and global organisations. He led Carrier in India as its President & Wholetime Director, Ingram Micro as its Managing Director, NIIT Limited as its Chief Executive of Career learning business and Bhartiya Urban as its Chief Executive Officer. Traditionally, building owners purchase, install and run cooling systems, with high upfront costs, along with ongoing maintenance and operational costs. Under the CaaS model, Kaer assumes all financial investments and operational responsibilities while building owners buys cooling at a fixed $/RTH (Refrigerant Ton Hour) rate on a pay-as-you-use basis. “Through CaaS, we believe we deliver the positive impact of cooling and accelerate the transition to a low carbon […]