Gurugram-based climate financing startup, Two Point O Capital, has successfully raised USD 6.3 million in seed funding. The investment round was led by Omnivore, with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and several well-known angel investors. This funding will help the company scale up its platform, attract top talent, and drive the growth of clean energy projects across India.
Focus on Clean Energy Financing
Two Point O Capital’s tech-enabled platform focuses on financing clean energy projects, particularly in the commercial and industrial sectors. The company offers flexible financing options like leasing and capex financing for projects related to solar rooftops, energy efficiency, and wastewater treatment. By sourcing, financing, and monitoring these projects, the platform ensures the growth of distributed clean energy solutions.
Excitement from the Founders
The founding team of Two Point O Capital expressed their gratitude for the support received from investors. “We are excited to have immense backing from Omnivore, Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and our angels. This investment will fast-track our growth and help us build a world-class team,” the founders said.
Two Point O Capital was founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy. The company is based in Gurugram and is committed to accelerating India’s transition to clean energy by financing distributed projects in underserved sectors.
Investor Perspectives
Abhilash Sethi, Investment Director at Omnivore, believes that Two Point O Capital’s unique approach to climate financing will significantly boost India’s clean energy transition. “By unlocking capital for distributed energy assets, especially in rural India, the startup empowers businesses to adopt sustainable practices,” Sethi said. He highlighted the startup’s focus on helping sectors like agriculture and rural businesses.
Raveen Sastry, Partner at Multiply Ventures, added that Two Point O’s solutions could help bridge the USD 10 billion annual gap in clean energy financing in India. “We are proud to support such a talented team, working towards a cleaner and sustainable future for the country,” Sastry noted.
Moving Towards a Sustainable Future
With this seed funding, Two Point O Capital is positioned to make a significant impact on the climate financing landscape in India. The company’s focus on clean energy financing for solar rooftops, energy efficiency, and wastewater treatment projects will help drive the country’s sustainable energy transition. By partnering with financial and operational entities, Two Point O Capital aims to manage a high-quality portfolio of projects, making clean energy more accessible to businesses across India.
