SustVest, a sustainable investment platform focusing on renewable energy, has raised $1.7 million in a pre-Series A round combining equity and debt.
The funding round was led by Inflection Point Ventures and Antler, with participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.
The newly raised capital will support critical growth initiatives, including acquiring solar projects, scaling marketing efforts with the launch of its regulated platform, bolstering operations, and addressing legal expenses.
Founded by Hardik Bhatia and Devansh Shah, SustVest specializes in enabling sustainable investments that generate both fixed-income opportunities and environmental impact.
The platform claims to have surpassed ₹43 crore in Assets Under Management (AUM), with 9.3 MW of solar installations.
SustVest has distributed over ₹5.7 crore in energy income to investors while helping save over 94 lakh kilograms of carbon emissions.
Through its model, the platform provides zero-cost solar solutions to commercial and industrial (C&I) consumers, offering tariffs up to 50% lower than traditional sources.
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SustVest’s portfolio includes prominent names such as the Lodha Group, Hitachi, Mahle Group, Subros Ltd, and government entities like the CISF, NSG, and CRPF.
“The investment opportunities once reserved for the ultra-wealthy are now accessible to all through SustVest, democratizing renewable energy investments. We’re building a gateway for EPCs to access finance for the OPEX model, bridging critical gaps in the ecosystem,” said Hardik Bhatia, Co-Founder and CEO of SustVest.
According to the platform, India’s rooftop solar market holds an estimated opportunity of $405.63 billion, with 7.6 million MSMEs eligible for solar integration.
Additionally, the alternative investment market in India is projected to reach $11.8 billion, driven by a growing segment of high-income individuals.
