Climate financing platform Two Point O Capital for MSMEs and rural enterprises on Thursday said it has raised $6.3 million in its seed funding round led by Omnivore with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels.
Founded earlier this year, Two Point O Capital provide financing solutions such as leasing, capex financing and other financing solutions for projects in the energy transition sectors, primarily in solar rooftops, energy efficiency and wastewater treatment.
“While traditional financing meets the capital needs of utility-scale clean energy projects, a vast and growing unmet demand exists—exceeding $10 billion annually—for efficient and flexible capital to finance distributed-level projects,” the company said.
“This investment will accelerate our growth trajectory and help attract top talent across various functions to build a best-in-class team,” said Two Point O Capital founders including Archit Mehrotra, Karan Bhutani, and Manya Ranjan.
The latest capital infusion will be used by Two Point O Capital to strengthen its tech-enabled platform to source, underwrite, finance and monitor distributed projects in clean energy segments.
The company said it plans to work with various operating and financial partners to build a high-quality portfolio and manage it through its lifecycle on this platform.
Speaking on the investment, Abhilash Sethi, Investment Director of Omnivore said, “Two Point O’s 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.”