Two Point O Capital Secures Funding for Clean Energy Transition in India

Two Point O Capital, a climate financing platform based in Gurugram, India, has successfully raised USD 6.3 million in a seed round led by Omnivore. Other investors participating in the round include Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and several prominent angel investors.

• This significant investment will be utilized to enhance Two Point O Capital's tech-enabled platform, which plays a crucial role in sourcing, financing, and monitoring distributed clean energy projects across various sectors.
• The startup also aims to leverage the funding to attract top talent and build a world-class team to further drive its mission of accelerating the energy transition in India.

Two Point O Capital's Vision for Clean Energy in India

Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy, Two Point O Capital provides flexible financing solutions for distributed clean energy projects targeting the commercial and industrial sectors in India.

• The startup's focus areas include solar rooftops, energy efficiency, and wastewater treatment, offering leasing and capex financing options to businesses.
• Two Point O Capital is committed to collaborating with operating and financial partners to manage a high-quality portfolio of clean energy projects in India.

Omnivore's Support for Clean Energy in India

Abhilash Sethi, Investment Director at Omnivore, expressed confidence in Two Point O Capital's innovative approach to climate financing, highlighting its potential to significantly accelerate India's clean energy transition. He particularly emphasized the startup's focus on underserved sectors like rural and agriculture, where access to clean energy is crucial.

• Omnivore believes that Two Point O Capital's efforts to unlock capital for distributed energy assets in rural India will empower businesses nationwide to embrace sustainability.
• The founding team's experience in relevant sectors further strengthens Omnivore's belief in the startup's success in India's clean energy landscape.

Multiply Ventures' Commitment to Clean Energy in India

Raveen Sastry, Partner at Multiply Ventures, recognized the significant gap in financing clean energy projects in India, estimating it at USD 10 billion annually. He emphasized that Two Point O Capital's solutions can bridge this gap and contribute to a cleaner, more sustainable future for India.

• Multiply Ventures is excited to support Two Point O Capital's talented team in their mission to drive the clean energy transition in India.

Two Point O Capital's Impact on the Clean Energy Landscape in India

Two Point O Capital's innovative approach to climate financing and its commitment to supporting distributed clean energy projects in India, particularly in rural and agriculture sectors, is expected to have a significant impact on the clean energy landscape. By providing access to financing for clean energy solutions, the startup empowers businesses to embrace sustainability and contribute to a cleaner and more sustainable future for India.

• Two Point O Capital's focus on solar rooftops, energy efficiency, and wastewater treatment addresses key areas for clean energy adoption in India, driving innovation and growth in these sectors.

Key Takeaways

Two Point O Capital, a climate financing startup in India, has secured USD 6.3 million in seed funding led by Omnivore to accelerate the clean energy transition in the country. The investment will be used to enhance the startup's tech-enabled platform, attract top talent, and support the growth of distributed clean energy projects across various sectors in India. The startup's focus on underserved sectors like rural and agriculture, coupled with its innovative financing solutions, is expected to have a significant impact on India's clean energy landscape.

• The startup's commitment to providing flexible financing options for solar rooftops, energy efficiency, and wastewater treatment solutions underscores its dedication to driving sustainable growth in India.
• The support from prominent investors like Omnivore and Multiply Ventures highlights the potential of Two Point O Capital's vision to address the funding gap in clean energy projects and contribute to a cleaner and more sustainable future for India.