Schneider Electric agrees to buy AiDASH for $350M in one of climate adaptation’s biggest ever exits — TFN

• Schneider Electrical has agreed to buy about 90% of AiDASH’s shares for $350 million in money.

• This deal marks a big local weather adaptation win for Lightrock, Shell Ventures, and Duke Investments.

• Solely about 10% of worldwide local weather finance goes to adaptation, so main exits like this are uncommon.

Schneider Electric, the Paris-headquartered vitality administration and automation firm  with revenues of €38 billion in 2025, has agreed to purchase about 90% of AiDASH’s shares in an all-cash deal, valuing the corporate at $350 million, in accordance with its half-year results.

The French industrial large mentioned the acquisition is a part of its bigger AI technique, as talked about in its H1 outcomes. The corporate additionally has a separate $3.1 billion deal to purchase industrial knowledge and AI software program agency Cognite. As soon as the deal closes, AiDASH will turn into a part of Schneider Electrical’s Power Administration reporting phase.

What AiDASH does

AiDASH was based in 2019 by Abhishek Vinod Singh, Rahul Saxena, and Nitin Das. The corporate relies in Palo Alto and in addition has places of work close to Washington, D.C. and in Bengaluru.

The startup makes use of satellite tv for pc photos and AI to assist utilities spot vegetation dangers, storm injury, and wildfire threats alongside energy strains earlier than outages or fires occur. This methodology replaces the handbook, multi-year trimming cycles that almost all utilities nonetheless depend on.

For instance, one Fortune 500 utility used AiDASH’s platform to observe over 50,000 miles of distribution strains that had beforehand been checked by hand each 4 to 5 years. At this time, AiDASH works with greater than 140 utility clients and covers over 500,000 miles of energy strains.

Tech Funding Information coated AiDASH’s Series C round in January 2024, reporting a $50 million increase and the addition of Lightrock’s Ash Puri to AiDASH’s board. The startup later introduced the spherical closed at $58.5 million after robust demand.

The investor record is the story

AiDASH has attracted main traders targeted on utilities. In October 2020, it raised $6 million in a Series A led by Benhamou World Ventures and Nationwide Grid Companions. A yr later, G2 Enterprise Companions led a $27 million Series B. 

The Collection C spherical in March 2024, led by Lightrock and totalling $58.5 million, included Sabanci Local weather Applied sciences, Lightsmith Group, Marubeni, Duke Investments, Schneider Electrical and its enterprise arm SE Ventures, together with returning traders like Shell Ventures, G2 Enterprise Companions, Benhamou World Ventures, Nationwide Grid Companions, and Edison Worldwide.

Most of those traders are anticipated to exit after the deal will get regulatory approval, as investments in adaptation and resilience get much less funding than these targeted on mitigation. UNCTAD’s analysis reveals that almost all local weather finance has gone to mitigation initiatives, whereas adaptation initiatives stay underfunded whilst dangers from wildfires, storms, and warmth enhance.

A $350 million exit for a software program firm targeted on adaptation is uncommon and reveals that venture-scale returns are attainable on this usually underfunded a part of local weather tech.