Bondi Energy Corp
Bondi Energy Corp retrofits multifamily and commercial buildings across North America with cold-climate heat pumps, proprietary cloud-based building automation (BONDI BAS), and integrated financing (CPACE, EaaS), serving REITs, property managers, and institutional building owners in Toronto, Vancouver, New York, and the Chicago/Detroit markets.
- Company typePrivate
- Founded2019
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Bondi Energy Corp does
Bondi Energy Corp is a Toronto-headquartered decarbonization services company founded in 2019 that retrofits multifamily and commercial buildings across North America with cold-climate heat pumps, proprietary building automation, and integrated financing. The company designs, supplies, installs, and maintains heat pump systems — primarily using Daikin and Innova equipment rated for operation down to -13°F/-25°C — and complements these installations with a proprietary cloud-based Building Automation System (BONDI BAS) that uses a bi-directional wireless network to control multiple air-source heat pumps across a building portfolio. Its product surface also includes the BONDI Cloud Portal for warranty, equipment, and maintenance tracking, ESG performance reporting software for Local Law 97 compliance, and a multi-vendor technology stack incorporating Sunamp thermal batteries, Flowmix mixing valves, Wyse Meters, and Aeroseal duct sealing.
The business model is a turnkey professional services and managed services hybrid. Revenue is generated primarily through per-suite heat pump retrofit projects at approximately $12,000 per two-bedroom unit in larger buildings, supplemented by auxiliary services (separate metering, windows, lighting, water, insulation, solar, EV charging). Financing is a critical adoption lever: BONDI brokers CPACE, Business-Covenant Equipment Financing, and Energy as a Service (EaaS) structures with BMO, Mitsubishi UFJ Financial Group, NYSERDA, and Con Edison Clean Heat Program participation — explicitly engineered to avoid encumbering the underlying real estate. The customer base spans REITs, property managers, and institutional building owners in Toronto, Vancouver, New York, and the Chicago/Detroit corridor, with a cumulative 4,000+ suites completed and $60M+ in delivered asset-value uplift. Distribution is enterprise field sales combined with utility partnerships, regulatory positioning (Local Law 97, IRA, 179D, 45L tax credits), and a Toronto Decarbonization Technology Showroom launched June 2024 to accelerate lead conversion.
BONDI is privately held and founder-owned, co-led by President Belinda Gilbey and Vice President Aaron Graben. The company has expanded sub-brands (BONDI Water for water conservation, BONDI BAS as a licensable product line) and won Ontario Sustainable Energy Association recognition in 2022 as one of Ontario's Top 10 Cleantech Companies. Operations span four North American offices (Toronto headquarters, Vancouver, New York, Park Ridge Illinois) and a partner ecosystem of roughly a dozen equipment, technology, and capital providers.
Bondi Energy Corp firmographics
Firmographics- Name
- Bondi Energy Corp
- Legal name
- BONDI Energy Corporation
- Website
- https://bondicorp.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Bondi Energy Corp retrofits multifamily and commercial buildings across North America with cold-climate heat pumps, proprietary cloud-based building automation (BONDI BAS), and integrated financing (CPACE, EaaS), serving REITs, property managers, and institutional building owners in Toronto, Vancouver, New York, and the Chicago/Detroit markets.
- Ownership category
- akta.pro rank
Bondi Energy Corp industry classification
Industry- Product category
- Building Energy Efficiency Retrofits
- NAICS
- Plumbing, Heating, and Air-Conditioning Contractors (23822), Electrical Contractors and Other Wiring Installation Contractors (23821)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Turnkey distribution buildouts (feeders, reclosers, capacitor banks, line extensions) (EUADAKAK)
- akta.pro secondary industries
- Switchgear, Breaker & Buswork Retrofit Services (AIS/GIS) (EUAEALAF), Protection, Relaying & Substation Automation Upgrades (IEC 61850) (EUAEALAC)
Keywords
Where Bondi Energy Corp is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices4 records
Markets served
Bondi Energy Corp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure
Revenue model
- Heat Pump Retrofitting Services: Full-service heat pump retrofit including system design, equipment supply, installation, construction management, and ongoing maintenance for multifamily and commercial buildings.
- Project Financing: BONDI offers unique financing solutions including CPACE (Commercial Property-Assessed Clean Energy), Business-Covenant Equipment Financing, and Energy as a Service (EaaS). These financing products avoid encumbering building owners' property and allow for future sales and refinancing.
- Additional Retrofit Services: Separate metering, windows, lighting, water systems, insulation, sensors, BAS systems, solar panels, cladding, and EV-charging installations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Heat pump retrofits per suite |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Bondi Energy Corp product offering
Product offeringCore offering
Bondi Energy Corp retrofits multifamily and commercial buildings with high-efficiency electric heat pumps, its proprietary BONDI BAS cloud-based building automation system, and project financing (CPACE, EaaS, Business-Covenant). The bundled turnkey service covers system design, equipment supply, installation, construction management, incentive procurement, and ongoing maintenance, targeting building owners and property managers who must comply with decarbonization mandates such as NYC Local Law 97.
Product overview
BONDI Energy Corp is a North American company specializing in heat pump and energy efficiency retrofits for multifamily and commercial buildings, having completed over 4,000 suites. The company's core offerings include the BONDI BAS (Building Automation System) for air-source heat pump cloud control and the BONDI Portal for tracking warranties, equipment, and maintenance. Turnkey services span system design, equipment selection, installation, financing, incentive procurement, and ongoing maintenance. The product portfolio includes various heat pump technologies (Innova, Daikin), thermal hot water batteries (Sunamp), mixing valves (Flowmix), and ESG reporting software. BONDI also offers specialized financing solutions including Business-Covenant Equipment Financing, CPACE, and Energy as a Service (EaaS) to help building owners avoid encumbering their properties.
Differentiator
Problem solved
Functional benefit
Brands
- BONDI Water: Water conservation partner for the built environment
- BONDI BAS
- BONDI Portal
Products and services
- Heat Pump Retrofits (Turnkey Service) End-to-end heat pump and energy efficiency retrofit service for multifamily and commercial buildings, covering system design, equipment supply, installation, construction management, and ongoing maintenance. Targets building owners, REITs, and property managers pursuing decarbonization, regulatory compliance, and cap-rate value increases.
- BONDI BAS (Building Automation System) Cloud-based air-source heat pump Building Automation System that lets building owners control multiple air-source heat pumps across multifamily and commercial buildings, using a bi-directional wireless network that does not rely on building wifi. Includes monitoring, override of tenant heating/cooling controls, set-point control, malfunction alerts, preventative maintenance tracking, and warranty/service call management.
- BONDI Cloud Portal Cloud portal companion to BONDI BAS enabling building owners to monitor and override tenant heating/cooling controls, adjust temperature set points, receive malfunction notifications, track equipment warranties, manage preventative maintenance, and log service calls.
- BONDI Portal (Equipment & Warranty Tracker) Online portal at bondiportal.com allowing building owners to track warranties, equipment, and service calls while staying on top of preventative maintenance.
- ESG Performance Reporting Software Reporting software that lets building owners track carbon reductions and changing regulations such as NYC Local Law 97, supporting ESG and compliance reporting for multifamily and commercial portfolios.
- CPACE (Commercial Property-Assessed Clean Energy) Financing Financing structure where building owners fund energy efficiency and heat pump retrofits through property taxes, with the financing obligation remaining transferable upon sale of the property.
- Energy as a Service (EaaS) Financing Non-debt, off-balance-sheet financing method providing no upfront capital for upgrades with immediate utility bill savings, structured so that the building owner's property is not encumbered.
- Business-Covenant Equipment Financing Equipment financing underwritten on the building owner's business ability to pay rather than on building asset value, allowing buildings to qualify for first mortgages and avoiding property encumbrance.
Quantifiable outcome
- Over 4,000 suites completed
- +5 more outcomes
Companies that use Bondi Energy Corp
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Bondi Energy Corp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature4 records
Bondi Energy Corp partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered strategic, core, preferred and supporting.
- INOVUESstrategicStrategic partnership announced December 2023 to drive adoption of heat pumps and window retrofits. Combines INOVUES' window retrofit technology with BONDI's heat pump and building automation expertise for high-ROI, low-carbon building upgrades.
- Con Edison Clean Heat ProgramcoreBONDI Energy is a registered ConEd Clean Heat Contractor and Finance Provider for the Con Edison Clean Heat Financing Program. This partnership enables them to offer financing and installation services to NYC building owners for heat pump retrofits under the program.
- DaikinpreferredEquipment partner providing cold-climate heat pumps. Daikin Aurora and other Daikin products are used in BONDI retrofit projects. Specifically designed for cold climate operation down to -13F/-25C.
- Innova (Innova Energie)preferredThrough-wall, all-in-one (AIO) heat pump products featured in BONDI's showroom. Included in both New York and Detroit's prescriptive rebate programs. Brand sold through gigawattcorp.ca/products-innova.
- SunampsupportingThermal hot water battery technology partner. Sunamp products featured in BONDI's Toronto showroom for water heating efficiency.
- FlowmixsupportingMixing valve technology partner. Flowmix products save gas and water and are featured in BONDI's technology showroom.
- Wyse MeterssupportingSeparate metering technology partner featured in BONDI's Toronto showroom for tenant utility management.
- AerosealsupportingAirtightness sealing technology partner. Aeroseal duct sealing technology is featured in BONDI's product offerings.
- Canada Mortgage and Housing Corporation (CMHC)strategicBONDI co-hosted webinar with CMHC discussing MLI Select points and 50-Year Amortization programs for building decarbonization financing strategies.
- Building Decarbonization AlliancestrategicBONDI President Belinda Gilbey moderated the November 2024 webinar 'Beyond Compliance: Driving Change with Building Performance Standards' hosted by the Alliance.
- Renew Energy PartnerssupportingLogo appears on BONDI financing page, suggesting a referral or co-financing relationship for energy efficiency projects.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Bondi Energy Corp competitors and assessment
Company assessmentDirect peers
- Elevate: Elevate delivers building electrification, heat pump, and weatherization programs for multifamily properties across the U.S., sharing the same mission and target customer profile as Bondi.
- Sealed: Sealed provides whole-home energy retrofits including heat pump installation with a project-financing model, sharing Bondi's turnkey plus financing approach but focused on U.S. single-family residential.
- Dandelion Energy: Dandelion installs ground-source heat pumps for residential customers, directly competing with Bondi's air-source heat pump electrification value proposition in the building decarbonization category.
- BlocPower: BlocPower finances and installs energy-efficiency and electrification retrofits for multifamily and affordable housing buildings across the U.S., competing head-to-head with Bondi in the same customer segment and use case.
Broad incumbents
- GridPoint: GridPoint provides building energy management and analytics software for commercial real estate, comparable to Bondi's BONDI Cloud Portal and ESG reporting modules serving commercial building portfolios.
- Pearl Certification: Pearl Certification is an established building performance certification and verification platform that complements ESG reporting and asset value documentation for retrofitted buildings.
- EnergySage: EnergySage operates a marketplace for residential solar, heat pumps, and energy-efficiency products, providing a customer-acquisition channel parallel to Bondi's direct enterprise sales motion.
- GoodLeap: GoodLeap is a major financier for residential solar, heat pumps, and home electrification, comparable to Bondi's CPACE/EaaS financing stack serving building decarbonization projects.
Emerging players
- SwitchDin: SwitchDin provides building energy management and DER orchestration software, aligning with Bondi's BAS and cloud-control automation work for distributed heat pump fleets.
- Atmos Energy Solutions: Atmos provides building electrification and energy retrofit services targeting commercial and multifamily properties, overlapping with Bondi's electrification focus and customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Bondi Energy Corp social profiles
Digital presenceBondi Energy Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bondi Energy Corp leadership team
Management profileNumber of profiles
Profiles3 records
Bondi Energy Corp subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bondi Energy Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bondi Energy Corp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bondi Energy Corp
What does Bondi Energy Corp do?
Bondi Energy Corp retrofits multifamily and commercial buildings with high-efficiency electric heat pumps, its proprietary BONDI BAS cloud-based building automation system, and project financing (CPACE, EaaS, Business-Covenant). The bundled turnkey service covers system design, equipment supply, installation, construction management, incentive procurement, and ongoing maintenance, targeting building owners and property managers who must comply with decarbonization mandates such as NYC Local Law 97.
Is Bondi Energy Corp a public or private company?
Bondi Energy Corp is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Bondi Energy Corp founded?
Bondi Energy Corp was founded in 2019. It employs 11 to 50 people.
Where is Bondi Energy Corp based?
Bondi Energy Corp is headquartered in Toronto, Canada, in the North America region.
How does Bondi Energy Corp make money?
Three revenue lines are on record. Heat Pump Retrofitting Services are the primary driver. The others are project Financing and additional Retrofit Services.
Who are Bondi Energy Corp's main competitors?
Direct peers on record are Elevate, Sealed, Dandelion Energy and BlocPower. Broad incumbents are GridPoint, Pearl Certification, EnergySage and GoodLeap. Emerging players are SwitchDin and Atmos Energy Solutions.
Does Bondi Energy Corp have an API?
No public API is recorded for Bondi Energy Corp.
What industry is Bondi Energy Corp in?
Bondi Energy Corp's product category is Building Energy Efficiency Retrofits. Its primary akta.pro industry code is EUADAKAK, Turnkey distribution buildouts (feeders, reclosers, capacitor banks, line extensions), with a secondary code of EUAEALAF, Switchgear, Breaker & Buswork Retrofit Services (AIS/GIS). Its NAICS code is 23822 and its SIC code is 3585.