OAKLAND, Calif., Jan. 30, 2017 /PRNewswire/ -- Renew Financial, a leading clean energy finance company, announced today that Gaurav Kohli has joined the company as Executive Vice President of Technology. This announcement comes on the heels of Renew Financial's $1 billion funded project milestone, signaling an expansion of the company's senior management team as it enters its next growth period.
"We are very excited to have Gaurav join our team," said Gannesh Bharadhwaj, President of Renew Financial. "The technology leadership and financial services expertise that Gaurav brings to Renew Financial will help accelerate our near and long-term growth, as well as aid in the delivery of the most transparent and consumer-friendly financing products available to homeowners."
Gaurav has more than 15 years of leadership experience architecting, developing and integrating enterprise software in Financial and Telecommunications industries. He was most recently Vice President of Merchant and Acquirer Processing at Visa where he oversaw a global architecture and development team aimed at delivering next-generation transaction platforms for eCommerce. Prior to his role at Visa/CyberSource, he held a number of leadership roles at FirstFranklin/Merrill Lynch and Mediagate. At Renew Financial, Gaurav will oversee all aspects of the technology organization including Strategy & Architecture, Development, Systems and Test Engineering, Security, Database Management & Desktop Support.
"I'm inspired by Renew Financial's mission and thrilled to have this opportunity," said Kohli. "It is a dynamic, innovative company that makes it easy and affordable for consumers to invest in home efficiency upgrades, saving them money on utility bills and allowing them to live more comfortably. I look forward to enabling the next phase of growth for Renew Financial."
Renew Financial, in addition to funding over $1 billion in projects across its Property Assessed Clean Energy (PACE) and EnergyLoan™ financing programs, has helped created more than 15,000 jobs across 15 states. Energy efficiency and renewable energy upgrades financed by Renew Financial have cut total greenhouse gas emissions by 2.3 million metrics tons and saved 877 million gallons of water.
About Renew Financial
Renew Financial is one of the nation's leading clean energy financing companies. Founded in 2008 by former White House appointee and U.S. Department of Energy official Cisco DeVries, who originated the concept of Property Assessed Clean Energy (PACE), Renew Financial now provides multiple financing products across the country. PACE enables property owners to finance the entire cost of energy and water efficiency and renewable energy upgrades to their homes and businesses, and then repay those costs on their property tax bill. Named by Scientific American as one of the "top 20 ideas that can change the world", PACE was identified as a national clean energy policy priority by President Obama in 2015, and received favorable regulatory guidance from the Federal Housing Administration (FHA) in July 2016. Renew Financial's other financing products include residential unsecured loans (ReHome), utility on-bill financing, and others. Renew Financial partners with Rainforest Trust to preserve endangered rainforests with a donation made for every completed project.
Renew Financial is a pending trademark of Renew Financial Group LLC. The Renew Financial PACE program is sponsored by the California Statewide Communities Development Authority or by Los Angeles County and is administered by Renew Financial Group LLC.
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SOURCE Renew Financial