Two Point O Capital (TW.O), a startup that finances and deploys clean energy assets for commercial and industrial (C&I) businesses, 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.
The startup plans to use the funding to move into new asset classes, starting with battery energy storage systems (BESS), and to grow its existing solar, energy efficiency and wastewater treatment businesses.
It also plans to expand into sectors that use large amounts of energy and water, including data centres, automotive, pharma, manufacturing and healthcare.
Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy, Two Point O offers financing, turnkey solutions and equipment leasing across four asset classes: rooftop solar, battery energy storage systems (BESS), energy efficiency upgrades for heating, cooling and air compressors, and wastewater treatment.
The startup said its offerings allow customers to adopt clean energy and water infrastructure without incurring upfront capital costs.
It runs a wholly owned NBFC subsidiary that handles loan disbursals, while a separate operating entity serves lease and service-based requirements.
Two Point O does not install or maintain the equipment itself. It works with original equipment manufacturers (OEMs) and engineering, procurement and construction (EPC) firms across India, and oversees them through technology and contracts. Bhutani described this as a “light-touch” model that lets the company scale.
The startup said it uses a proprietary AI and machine learning platform for solutioning, underwriting and asset monitoring.
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