View, a specialist in dynamic glass, has completed a financing round of over USD200 million, including a USD70 million investment from funds and accounts managed by BlackRock.
“We are delighted to be supported by BlackRock, who recognizes View’s potential to transform the real estate industry,” says View CEO Rao Mulpuri. “View is now installed across 20 million square feet of buildings and continues to experience tremendous growth across commercial offices, healthcare, education, multi-family residential, and airports. This investment enables us to scale our operations to meet rapidly growing demand.”
View enables building owners to improve people’s comfort and productivity while simultaneously improving energy efficiency, and advancing smart and connected buildings. These unique benefits have enabled View to lead the rapid adoption of electrochromic glass, with over 350 completed commercial installations and another 150 in progress.
“Building developers and their tenants are increasingly embracing the benefits of smart glass and recognise the differentiated value of View’s innovative technology and manufacturing processes. We are excited about View’s ability to leverage its strong foundation and harness its momentum to grow the business globally,” says David Trucano, Portfolio Manager, BlackRock Global Credit team.
