Two Point O Capital, an India-based climate financing and clean energy deployment platform, has raised $10 million in a funding round led by Transition Venture Capital (TVC). Existing investor Omnivore also participated, alongside angel investors Chiranjeev Singh Saluja and Sudhir M Reddy. The fresh capital will help the startup expand its clean energy financing business, enter battery energy storage and strengthen its technology platform.
Founded in 2024, Two Point O focuses on helping commercial and industrial (C&I) businesses adopt clean energy and resource-efficiency solutions without bearing the entire upfront investment. The company combines financing, project execution and technology-enabled asset monitoring. Its expansion comes as businesses face growing pressure to manage electricity costs, improve energy security and use water more efficiently.
Key Takeaways
- Two Point O Capital has raised $10 million in a round led by Transition Venture Capital.
- Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also participated.
- The startup plans to expand into battery energy storage systems (BESS).
- Funding will also support rooftop solar, energy efficiency and wastewater treatment businesses.
- The company is targeting energy- and water-intensive sectors, including data centres, manufacturing, pharmaceuticals and healthcare.
- Two Point O says its assets under management have grown 1.5 times sequentially in each of the last three quarters.
Two Point O Raises $10 Million to Expand Clean Energy Financing
The $10 million round gives Two Point O additional capital to finance the deployment of clean energy infrastructure for commercial and industrial customers. The company also plans to invest in its technology stack and increase hiring.
Transition Venture Capital led the investment, while Omnivore participated as an existing backer. Angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also joined the round.
The company has not disclosed its valuation following the funding.
The latest investment follows an earlier fundraising exercise in 2024, when Two Point O raised more than $6 million through a combination of equity and debt, according to Inc42.
The new funding is expected to support the company’s expansion across India and help it serve businesses that want to adopt clean energy systems but face capital constraints.
What Does Two Point O Capital Do?
Two Point O operates at the intersection of climate technology, financing and industrial infrastructure. Its platform helps businesses identify, finance, deploy and monitor clean energy and resource-efficiency projects.
Its offerings cover four major areas:
| Business segment | What it provides |
|---|---|
| Rooftop solar | Solar installations for commercial and industrial facilities |
| Battery energy storage | Systems to store electricity and manage energy demand |
| Energy efficiency | Improvements to heating, cooling and compressed-air systems |
| Wastewater treatment | Infrastructure to improve industrial water treatment and reuse |
The company provides financing through different structures, including loans, leasing and service-based arrangements. It also works with equipment manufacturers and engineering, procurement and construction (EPC) partners to execute projects.
This model is intended to reduce the amount of capital businesses need to invest before adopting clean energy infrastructure.
Two Point O also has a wholly owned non-banking financial company (NBFC) subsidiary that handles loan disbursements. Its operating business manages other project and service requirements.
Why Battery Energy Storage Is a Major Expansion Area
One of the most important priorities following the funding round is the company’s planned entry into battery energy storage systems.
Battery storage allows businesses to store electricity and use it when required. Depending on the project design, it can help manage peak demand, improve power reliability and make better use of renewable electricity.
For commercial and industrial facilities, electricity is a major operating expense. Factories, data centres and other energy-intensive businesses need reliable power throughout the day, while electricity prices and demand patterns can vary.
Battery storage can help businesses manage these requirements, particularly when combined with rooftop solar or other renewable energy installations.
Two Point O’s expansion into BESS would broaden its offering beyond solar and energy efficiency. It could also allow the company to sell multiple infrastructure solutions to existing customers rather than relying on a single product category.
However, the commercial viability of battery projects depends on installation costs, electricity tariffs, utilisation rates, financing terms and the expected life of the equipment.
AI and Technology at the Centre of Its Business Model
Two Point O uses artificial intelligence and machine learning to support project assessment, financing decisions and asset monitoring.
The company says its proprietary technology platform evaluates technical specifications, project performance and customer credit profiles. This helps it prepare techno-commercial proposals within approximately 24 to 48 hours.
The startup also uses connected monitoring systems to track deployed assets. Internet of Things (IoT) data can help identify maintenance requirements, monitor performance and support operational optimisation.
This technology-led approach is important because clean energy projects involve several parties, including customers, equipment manufacturers, lenders and EPC contractors.
By combining financing and monitoring, Two Point O aims to manage projects throughout their operating life rather than focusing only on the initial installation.
The company relies on external manufacturers and execution partners for installation and maintenance, while overseeing projects through technology and contractual arrangements.
Two Point O’s Customer Base and Expansion Plans
Two Point O says it has onboarded approximately 25–30 large customers. Its reported customer list includes businesses such as Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills.
The company says its assets under management (AUM) have increased 1.5 times sequentially in each of the last three quarters.
It is now looking to expand beyond large corporate customers and enter the small and medium enterprise (SME) segment.
Its plans include:
- Expanding its customer base across India.
- Increasing deployments in battery energy storage.
- Growing rooftop solar, energy-efficiency and wastewater-treatment projects.
- Targeting data centres, automotive companies, pharmaceutical businesses, manufacturers and healthcare providers.
- Building AUM of approximately $75 million to $100 million over the next couple of years, according to company statements reported by Inc42.
The SME opportunity could broaden the startup’s addressable market, although serving smaller businesses may require different financing structures and more detailed credit assessment.
Why Investors Are Backing Distributed Clean Energy Infrastructure
India’s clean energy transition has attracted substantial investment in large renewable energy projects. However, smaller installations at factories, commercial buildings and industrial facilities can face a different financing challenge.
Businesses may want to install solar panels, energy storage or water-treatment systems but may not have the capital or technical expertise to manage the projects.
This creates an opportunity for companies that combine financing with project delivery and monitoring.
Transition Venture Capital sees Two Point O’s model as a way to address the capital and execution barriers faced by commercial and industrial customers. The investment also complements the fund’s broader clean energy portfolio, according to comments reported by Business Standard.
Omnivore has also backed the startup, reflecting investor interest in solutions that connect climate technology with industrial productivity and resource efficiency.
The Bigger Picture
Two Point O’s funding highlights an important part of India’s energy transition: clean energy adoption by businesses that operate outside large utility-scale renewable projects. Factories, hospitals, offices and data centres need reliable electricity and water, creating demand for infrastructure that can reduce operating costs and improve resource management.
The financing model is central to this opportunity. Instead of asking businesses to fund every installation themselves, platforms such as Two Point O aim to combine capital, equipment and execution into a single offering. Their long-term success will depend on project economics, repayment performance, equipment reliability and the ability to scale without compromising underwriting standards.
Looking Ahead
The immediate priorities for Two Point O will be deploying the new capital, entering battery energy storage and expanding its existing customer relationships. Its proposed move into the SME segment could provide another growth channel, but it will require the company to manage smaller ticket sizes and potentially different credit risks.
The startup’s next challenge will be converting its reported AUM growth and customer pipeline into sustainable business performance. As it expands across multiple infrastructure categories, its ability to maintain project quality, financing discipline and reliable asset monitoring will be important to its long-term position in India’s distributed clean energy market.
Frequently Asked Questions
1. How much funding has Two Point O raised?
Two Point O Capital has raised $10 million in a funding round led by Transition Venture Capital.
2. Who invested in Two Point O’s latest funding round?
The round was led by Transition Venture Capital, with participation from existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy.
3. What does Two Point O Capital do?
Two Point O provides financing, project execution and technology-enabled monitoring for clean energy and resource-efficiency infrastructure used by commercial and industrial businesses.
4. What will Two Point O use the funding for?
The startup plans to finance more clean energy asset deployments, enter battery energy storage, strengthen its technology platform and expand hiring.
5. Who founded Two Point O?
The company was founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy.
6. Which companies are Two Point O’s customers?
The startup has identified Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills among its customers.
7. What are Two Point O’s growth targets?
The company plans to expand across India, enter the SME segment and build assets under management of approximately $75 million to $100 million over the next couple of years.
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