Climate financing platform Two Point O Capital raises $6.3 million

Two Point O Capital, a climate financing startup focused on clean energy projects, has raised $6.3 million in its seed funding round led by Omnivore.

The round also saw participation from multiple investors, including Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of notable angel investors. 

Bridging the financing gap for distributed clean energy

Two Point O Capital was established to tackle a crucial need for flexible and efficient capital in the distributed clean energy sector. While traditional financing has supported large-scale utility projects, there remains an unmet demand of over $10 billion annually for financing distributed projects. 

Two Point O Capital’s platform is designed to address this gap by offering innovative financial solutions for projects such as solar rooftops, energy efficiency equipment, and wastewater treatment.

Purpose of fundraising

Two Point O Capital plans to use the raised capital to enhance its tech-enabled platform, which helps source, underwrite, finance, and monitor clean energy projects.

The startup aims to collaborate with various operating and financial partners to build a high-quality portfolio and manage it through its lifecycle on this platform. It also plans to use the capital to recruit top talent across various functions to further strengthen their team.

“This investment will accelerate our growth trajectory and help attract top talent across various functions to build a best-in-class team," the founders said. 

Who are the founders?

Founded in 2024 by a team of seasoned professionals—Archit Mehrotra, Karan Bhutani, Man

Two Point O Capital, a climate financing startup focused on clean energy projects, has raised $6.3 million in its seed funding round led by Omnivore.

The round also saw participation from multiple investors, including Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of notable angel investors. 

Bridging the financing gap for distributed clean energy

Two Point O Capital was established to tackle a crucial need for flexible and efficient capital in the distributed clean energy sector. While traditional financing has supported large-scale utility projects, there remains an unmet demand of over $10 billion annually for financing distributed projects. 

Two Point O Capital’s platform is designed to address this gap by offering innovative financial solutions for projects such as solar rooftops, energy efficiency equipment, and wastewater treatment.

Purpose of fundraising

Two Point O Capital plans to use the raised capital to enhance its tech-enabled platform, which helps source, underwrite, finance, and monitor clean energy projects.

The startup aims to collaborate with various operating and financial partners to build a high-quality portfolio and manage it through its lifecycle on this platform. It also plans to use the capital to recruit top talent across various functions to further strengthen their team.

“This investment will accelerate our growth trajectory and help attract top talent across various functions to build a best-in-class team," the founders said. 

Who are the founders?

Founded in 2024 by a team of seasoned professionals—Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy—the Two Point O Capital team brings a combined experience of over 70 years in clean energy technologies, project financing, and credit underwriting.

The founding members hail from prestigious institutions like IIT, MIT, INSEAD, and IIM, and have held leadership positions at renowned firms such as McKinsey, Shell, BP, and ReNew.

Investors comment

Abhilash Sethi, Investment Director of Omnivore, said: “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.”