Two Point O Capital raises $10m for clean energy deployment
Transition VC led the round as the Indian infrastructure company expands its energy and water projects for commercial customers.
The financing
Two Point O Capital raised $10 million in financing led by Transition VC, with existing backer Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy participating. The company pairs funding with the installation and management of clean infrastructure for businesses.
The company counts Premier Energies, Godrej, JK Tyre and Wipro among its customers. It said assets under management had grown 1.5 times each quarter over the preceding three quarters, as its platform combined project underwriting with monitoring and maintenance.
Use of funds
Expand battery energy storage solutions
Grow solar, energy efficiency and wastewater treatment deployment