Two Point O Capital, a pioneering climate financing platform, has successfully raised $6.3 million in a funding round led by Omnivore, with additional backing from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and other prominent angel investors. The startup, founded by Archit Mehrotra, Karan Bhutani, and Manya Ranjan, and joined recently by Shashidhar Reddy, leverages over 70 years of combined expertise in sectors like private equity, consulting, and clean energy. The funding aims to bolster the platform’s tech capabilities to underwrite, finance, and monitor projects in the distributed clean energy space, targeting underserved sectors such as rural enterprises and MSMEs.

Funding Success for Climate Financing Platform

Capital Infusion from Prominent Investors Two Point O Capital, a climate-focused financing platform, has raised $6.3 million (approximately Rs 52 crore) in a funding round spearheaded by Omnivore. Other notable participants included Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a consortium of distinguished angel investors. This significant financial injection highlights growing investor confidence in the platform’s unique approach to climate financing.

Experienced Founding Team Drives Vision

Leadership with Deep Industry Expertise Founded by industry veterans Archit Mehrotra, Karan Bhutani, and Manya Ranjan earlier this year, Two Point O Capital boasts a leadership team with over 70 years of collective experience across firms like KKR, McKinsey, Shell, BP, and ReNew. Recently joined by Shashidhar Reddy, the team’s extensive background in private equity, consulting, and energy sectors provides a robust foundation for the company’s mission to accelerate India’s clean energy transition.

Innovative Financing in Distributed Clean Energy

Leveraging Technology to Drive Clean Energy Projects Two Point O Capital’s business model centers around providing debt financing for distributed clean energy initiatives, including solar rooftops, energy efficiency projects, and wastewater treatment solutions. The company aims to catalyze investments by offering innovative financial products tailored to underserved sectors such as MSMEs and rural enterprises, fostering wider adoption of sustainable practices.

Strategic Use of Funds

Enhancing Platform Capabilities and Portfolio Management With the new funding, Two Point O Capital plans to enhance its tech-enabled platform, which streamlines the process of sourcing, underwriting, financing, and monitoring clean energy projects. The company’s strategy includes collaborating with various operational and financial partners to build and manage a high-quality portfolio throughout its lifecycle, ensuring robust financial performance and environmental impact.

Accelerating India’s Clean Energy Transition

Focusing on Underserved Markets Omnivore’s investment director Abhilash Sethi underscored the transformative potential of Two Point O Capital’s approach, highlighting its focus on rural and agricultural sectors often overlooked by traditional financiers. By facilitating access to innovative financing solutions, Two Point O aims to play a pivotal role in propelling India’s clean energy agenda, particularly in underserved regions and industries.