Sustainable investment platform SustVest raises $1.7 million in a funding round

Sustainable investment platform SustVest has raised $1.7 million in a pre-Series A funding round in a mix of equity and debt Led by Inflection Point Ventures and Antler, along with participation from WEH ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others. 

The startup plans to use the raised capital to drive key business growth initiatives, including acquiring solar projects, scaling marketing with the regulated platform launch, strengthening operations, and covering legal expenses.

What does SustVest do?

Founded in 2020 by Hardik Bhatia (CEO) and Devansh Shah (CTO), SustVest specializes in sustainable investments in renewable energy. 

The startup offers investors fixed-income opportunities with environmental impact while enabling C&I consumers to access zero-cost solar projects at up to 50% lower tariffs. Their portfolio includes renowned clients such as Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, CRPF, and others.

Serving investors across the globe

Notably, SustVest serves investors across the globe with seamless KYC processes via its regulated platform. Its projects span key locations, including Maharashtra, Himachal Pradesh, and more.

The startup claims to have achieved over Rs 43 crore in Assets Under Management (AUM) with 9.3 MW of solar installations, distributing over Rsw 5.7 crore in energy income and saving over 94 lakh kgs of carbon emissions.

"The investment opportunities once reserved for the ultra-wealthy are now accessible to all through SustVest, democratizing renewable energy investments. We’re building a gateway for EPCs to access finance for the OPEX model, bridging critical gaps in the ecosystem," said Hardik Bhatia, Co-Founder and CEO of Sustvest.

According to SustVest, India’s rooftop solar market presents a $405.63 billion opportunity, with 7.6 million MSMEs fit for solar integration. The alternative investment market in India is expected to reach $11.8 billion, driven by 99 million individuals earning over Rs 15 lakh annually.

Ankur Mittal, Co-Founder of Inflection Point Ventures, said, "Many smaller investors find it difficult to invest in renewable energy due to high entry barriers. SustVest solves this by offering fractional ownership in renewable energy projects for investing. By doing so, SustVest is making sustainable investments more accessible to a broader audience and democratizing renewable energy projects. In turn, helping investors earn passive income and promote the growth of clean energy initiatives."