Two Point O Capital, a climate financing platform for businesses (including MSMEs and rural enterprises), announced today that it has raised $6.3 million in Seed funding. Omnivore led the round with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels.
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 $10 billion annually—for efficient and flexible capital to finance distributed-level projects.
With this funding, Two Point O will 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 plans to work with various operating and financial partners to build a high-quality portfolio and manage it through its lifecycle on this platform. This partnership-driven approach is needed to create a meaningful impact in this space.
The startup was founded earlier this year by Archit Mehrotra, Karan Bhutani, and Manya Ranjan, with Shashidhar Reddy joining recently. The founding team, educated at prestigious institutions (IIT, MIT, DCE, INSEAD, IIM), brings over 70 years of combined experience from leading firms such as KKR, McKinsey, Shell, BP, Honeywell, ReNew, Sterlite Power, and GIC. Their expertise spans investments, asset development, strategy, finance, and operations, focusing on clean energy technologies, project financing, and credit underwriting.
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.”
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About Two Point O Capital
Two Point O Capital is a climate financing platform for distributed clean energy projects in the Commercial and Industrial segments. We provide flexible financing solutions such as leasing, capex financing and other financing solutions for projects in the energy transition sectors, primarily in solar rooftops, energy efficiency and wastewater treatment.
About Omnivore
Omnivore is an impact venture capital firm that supports visionary entrepreneurs driving agrifood innovation, climate action, and rural transformation. Omnivore pioneered agritech investing in India and over the past decade, the firm has backed over 40 startups transforming agrifood systems and rural communities.
About Multiply Ventures
Multiply Ventures is a thesis-driven, early-stage VC fund focused on Investing in Consumer tech and Fintech opportunities in India. The team brings deep operational skills as a key value-add beyond the capital. The framework is to invest and support ambitious entrepreneurs embarking on launching products and services that serve the large Indian consumption basket very early in their journey. We understand it’s not an easy journey and we like to be true partners to the companies we invest in. We like to be the 1st Institutional Investor in great founding teams & actively support them in achieving product market fit. We think it’s about the execution, not the idea. Our key contribution is aligning our expertise to a founder’s needs. We work alongside the founders and help them to scale from 0 to 1. Our key focus is to identify teams in their formative months, understand their core inspiration for solving a problem, absorb the key insights behind their ideas, and build conviction in these teams and ideas very early, drawing on our deep global operating experience in product, sales, and marketing.
