Two Point O Capital Funding: Raises $10 Million in Series A
- Two Point O Capital raised $10 million in Series A funding, led by Transition Venture Capital, with Omnivore and angel investors also participating.
- The company had previously raised over $6 million through equity and debt in 2024.
- Its customer base includes Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills.
- The company plans to expand into battery energy storage while scaling its solar, energy-efficiency and wastewater treatment businesses.
Clean energy financing startup Two Point O Capital has raised $10 million in a Series A funding round led by Transition Venture Capital (TVC).
Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also participated in the round. The company has not disclosed its valuation.
The fresh capital will primarily be used to finance clean energy and utility assets for commercial and industrial (C&I) customers. Two Point O also plans to strengthen its technology platform, expand its team and enter the battery energy storage segment.
The latest round comes after the company raised more than $6 million through a combination of equity and debt in 2024.
About Two Point O Capital
Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy, Two Point O Capital provides financing and project execution services for clean energy and utility infrastructure used by businesses.
The company works across rooftop solar, energy efficiency and wastewater treatment, and plans to add battery energy storage systems (BESS) to its offering.
Its model combines financing, equipment leasing, project execution and asset monitoring. Two Point O works with original equipment manufacturers (OEMs) and engineering, procurement and construction (EPC) partners for equipment supply and project deployment.
The company operates a wholly owned NBFC subsidiary for lending activities, while a separate operating entity handles leasing and service-based financing arrangements.
Its customers include Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills.
The company is targeting industries with significant energy and water requirements, including data centres, automotive, pharmaceuticals, manufacturing and healthcare. It also plans to explore the small and medium enterprise (SME) segment.
Two Point O estimates the annual opportunity in the market it is targeting at $100 billion to $150 billion. This is a company estimate rather than an independently verified market-size figure.
Funding to Expand Into Battery Storage
The latest funding will support Two Point O’s entry into battery energy storage while expanding its existing solar, energy efficiency and wastewater treatment businesses.
The company plans to increase its presence in energy- and water-intensive industries and expand its customer base among C&I businesses. It also intends to strengthen its technology capabilities and increase its workforce.
Its next phase will focus on deploying more solar, energy efficiency, wastewater treatment and storage projects across C&I customers, while expanding into sectors such as data centres, automotive, pharmaceuticals, manufacturing and healthcare.
FAQs
How much funding did Two Point O Capital raise?
Two Point O Capital raised $10 million in Series A funding.
What will the funding be used for?
The company plans to finance clean energy assets, enter battery storage and strengthen its technology and team.
What does Two Point O Capital do?
It finances and helps deploy clean energy and utility infrastructure for businesses.
