Two Point O Capital raises $10 million to expand clean energy financing

Bengaluru: Two Point O Capital, which finances and helps install clean energy and water treatment systems for businesses, has raised $10 million in a funding round led by Transition Venture Capital.Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also participated, the company said.The startup will use the funds to expand into battery energy storage and grow its existing solar energy, energy efficiency and wastewater treatment businesses. It also plans to reach more customers in sectors with high energy and water requirements, including data centres, automotive, pharmaceuticals, manufacturing and healthcare.Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy, Two Point O combines financing with project execution and monitoring. It works with equipment manufacturers and project contractors to help businesses adopt these systems with lower upfront spending.“Two Point O removes the capex barrier, accelerating the adoption of clean energy solutions,” said Yashodhara Bakliwal, vice president, investment, at Transition Venture Capital.The company said its customers include Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills.“India’s tremendous growth in commercial and industrial segments will continue to increase demand for energy and water, placing greater pressure on businesses to manage and optimise energy costs and resources,” said Karan Bhutani, CEO and co-founder of Two Point O Capital.The company said it uses artificial intelligence and machine learning to assess projects, evaluate financing risks and monitor asset performance. The technology also helps identify maintenance needs and keep operating costs low.You use AI every day. Now get your AI Quotient. Take the AIQ test.