Two Point O Capital, a climate financing platform for businesses (including MSMEs and rural enterprises), has raised $6.3 million in a seed funding round led by Omnivore. The round also saw participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels.
The newly raised fund will be used to strengthen its tech-enabled platform to source, underwrite, finance and monitor distributed projects in clean energy segments such as solar rooftops, energy efficiency equipment, and wastewater treatment.
The company also plans to work with various operating and financial partners to build a high-quality portfolio and manage it through its lifecycle on this platform.
Abhilash Sethi, Investment Director of Omnivore, commented, “Two Point O’s innovative approach to climate financing has the potential to significantly accelerate India’s clean energy transition, with special focus on the underserved sectors such as rural and agriculture. By unlocking capital for distributed energy assets in rural India, the startup empowers businesses nationwide to embrace sustainability. The founding team brings incredible experience from the relevant sectors, and we are excited to partner with them.”
Raveen Sastry of Multiply, said, “We are excited to support this talented team as they work to solve one of India’s biggest challenges—bridging the $10 billion annual gap in financing for clean energy projects. Their innovative solutions can unlock huge opportunities in the distributed cleantech sector, and we look forward to partnering with them to create a cleaner, more sustainable future for India.”
The founders of Two Point O, said, “We are excited to have this immense support from Omnivore, Multiply, RTP Global, GrowX, Spectrum Impact and our angels. We’re grateful for their belief in our vision and our commitment towards catalysing the energy transition. This investment will accelerate our growth trajectory and help attract top talent across various functions to build a best-in-class team.”
Two Point O Capital was founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy. Two Point O Capital offers flexible financing solutions for distributed clean energy projects in the commercial and industrial sectors.
Two Point O addresses a substantial gap in debt financing within the distributed clean energy sector by catalysing investments through innovative financial solutions. While traditional financing meets the capital needs of utility-scale clean energy projects, a vast and growing unmet demand exists—exceeding USD 10 billion annually—for efficient and flexible capital to finance distributed-level projects.
