Two Point O Capital has raised $10 million in a Series A round led by Transition Venture Capital. The company builds clean energy infrastructure for commercial and industrial businesses. Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also joined the round.
Use of funds
The startup will use most of the capital to finance clean energy asset deployment for customers. It also plans to expand into battery energy storage systems. Part of the funding will support technology development and hiring.
Founding and clients
Two Point O was founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy. It partners with original equipment manufacturers and engineering, procurement, and construction firms across India. Its customers include Premier Energies, Godrej, JK Tyre, Wipro, and Phoenix Mills.
Platform and growth
The company provides financing, turnkey solutions, and equipment leasing for rooftop solar, battery storage, and wastewater treatment. It uses an AI and machine learning platform for solutioning, underwriting, and asset monitoring. Its assets under management have grown 1.5 times each quarter over the past three quarters.
Two Point O plans to enter the SME segment. It also aims to expand across India. The startup is targeting assets under management of $100 million over the next couple of years.