Two Point O Capital, a climate financing platform, has successfully raised $6.3 million in seed funding, primarily led by the venture capital firm Omnivore. This funding aims to enhance the company’s tech-enabled platform, which focuses on financing distributed clean energy projects, including solar rooftops and wastewater treatment systems, specifically catering to micro, small, and medium enterprises (MSMEs) and rural businesses.
Founded earlier this year by Archit Mehrotra, Karan Bhutani, and Manya Ranjan, with Shashidhar Reddy recently joining the team, Two Point O Capital boasts a founding group with over 70 years of combined experience from prestigious firms like KKR, McKinsey, Shell, and BP. The company seeks to revolutionize climate financing by offering innovative debt solutions that catalyze investments in the clean energy sector.
With this new funding, Two Point O plans to strengthen its platform to effectively source, underwrite, finance, and monitor distributed clean energy projects. The firm aims to collaborate with various operational and financial partners to create a robust portfolio that can be managed throughout its lifecycle.
Abhilash Sethi, an investment director at Omnivore, highlighted the potential impact of Two Point O’s approach, noting its promise to accelerate India’s transition to clean energy, particularly in underserved sectors like rural and agricultural areas. The funding round also saw participation from Multiply Ventures, RTP Global, GrowX, Spectrum, and several notable angel investors.
With an increasing focus on sustainability and the urgent need for climate solutions, Two Point O Capital is poised to play a pivotal role in driving clean energy initiatives across India.
