Two Point O Bags $10 Mn To Bridge The Financing Gap In Clean Energy

India’s move towards clean energy is attracting a surge of capital, yet smaller installations in factories, commercial buildings and industrial facilities still encounter a financing gap. Even when the technology is commercially viable and can help businesses save on operating costs, these smaller projects often struggle to secure financing.

To address this gap, Two Point O Capital, a startup founded in 2024, has raised $10 Mn (roughly ₹95 Cr) in its Series A round led by Transition Venture Capital (TVC). The investment will be used to fund clean energy projects for the company's commercial and industrial (C&I) customers, expand its technology stack, and increase its workforce.

Co-founder and CEO Karan Bhutani explained that while significant funds have been directed towards utility-scale projects, there remains a significant financing gap for distributed or decentralized energy projects that could benefit industries and businesses. Two Point O positions itself as a comprehensive clean energy enablement platform for C&I customers, offering financing, turnkey solutions, and equipment leasing for rooftop solar, battery energy storage systems (BESS), energy efficiency upgrades, and wastewater treatment projects.

The startup's multi-asset model allows it to deepen relationships with existing clients and generate repeat business, although scaling across asset classes will necessitate robust underwriting, consistent asset performance, and efficient oversight of partners. The startup's success in expanding into new sectors such as data centers, automotive, pharmaceuticals, manufacturing, and healthcare will also present additional challenges in terms of technology risks, regulatory compliance, and credit assessment.