Ontario Teachers’ Pension Plan (OTPP) has announced the new partnership with Google's parent company, Alphabet, forming Sidewalk Infrastructure Partners (SIP.) SIP is a new company that will focus on innovative, next-generation infrastructure projects and the technologies that enable them. SIP has been formed as a new spin-out company of Sidewalk Labs, the urban innovation business of Alphabet.

SIP’s experienced investment team will draw on the expertise and strengths of its relationships and partners, including its anchor partners – Alphabet, Sidewalk Labs, and Ontario Teachers’ – who will bring to the table their capital, capabilities, and commitment to delivering next-generation infrastructure.

SIP will focus on five verticals including advanced mobility, energy, water and waste, digital infrastructure and social infrastructure. In all of these verticals, SIP will facilitate the application of technology to enable sustainable, distributed and intelligent urban infrastructure, creating jobs, improving mobility, and providing more environmentally friendly infrastructure solutions.