This Research Note examines an early-stage UK startup, MapMortar which has developed a retrofit twin platform designed to help large commercial real estate portfolio owners and asset managers model and simulate portfolio decarbonization to plan, manage, and execute retrofitting at scale. Founded in 2022 as Mortar.io, the startup changed its name to MapMortar, headquartered in London, UK in April 2024. The startup offers 3D simulation technology, powered by Artificial Intelligence and physics-based modeling, which identifies the most cost-effective route to net zero goals for the buildings sector. They claim their live retrofit simulation twins help commercial real estate portfolios to put an 11% premium on their buildings. MapMortar Value Proposition Unlike traditional solutions that focus on single aspects of building management, their platform offers a portfolio-wide modeling solution. This capability is critical as the range of retrofits extends from simple upgrades, such as window replacements and insulation enhancements, to complex overhauls of mechanical and electrical […]