Bengaluru-based clean energy financier Two Point O Capital has secured $10 million in a funding round led by Transition Venture Capital. The startup will use the fresh capital to enter the battery energy storage market while scaling its existing solar and water treatment projects for industrial clients.
Bengaluru-based climate-tech startup Two Point O Capital has raised $10 million in a new funding round led by Transition Venture Capital. Existing investor Omnivore also participated in the round, along with angel investors including Chiranjeev Singh Saluja and Sudhir M Reddy. This capital infusion arrives as the company looks to broaden its footprint in the clean energy financing space.
Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy, Two Point O Capital operates as a specialized financier for green infrastructure. It focuses on removing financial barriers that often prevent industrial companies from adopting sustainable technologies. By financing and monitoring projects directly, the company helps commercial entities implement solar energy, energy efficiency, and wastewater treatment systems without the burden of heavy upfront capital spending.
The company plans to use the newly raised funds to enter the battery energy storage sector, a growing area for industrial clients looking to manage power reliability and renewable energy usage. Simultaneously, the capital will support the expansion of its core business, which currently serves major industrial clients including data centers, pharmaceutical firms, and automotive manufacturers.
One of the defining features of the company’s business model is its use of proprietary artificial intelligence and machine learning tools. These systems are designed to assess project viability and monitor the ongoing performance of financed assets. This technical approach is aimed at reducing maintenance costs and lowering the risks associated with project execution, which is vital when managing infrastructure for large-scale operations.
As a private startup, Two Point O Capital is currently not listed on any stock exchange. For observers tracking the green energy sector, the company’s ability to successfully scale its lending model will be the primary monitorable. The business faces inherent risks, including the credit risks involved in underwriting projects and the operational challenges of executing infrastructure upgrades across diverse industrial sites. Furthermore, moving into battery energy storage introduces new technical and regulatory complexities that the firm will need to navigate as it grows its portfolio beyond solar and water treatment solutions.