Two Point O Capital raises $10 million for clean energy financing push

Bengaluru-based Two Point O Capital has raised $10 million in a funding round led by Transition Venture Capital to expand clean energy and water treatment financing for Indian businesses.

Existing investor Omnivore participated, alongside angel investors Chiranjeev Singh Saluja and Sudhir M Reddy, the company announced on November 1. The round lands roughly two years after Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy founded the firm in 2024.

The takeaway: a two-year-old startup just secured $10 million to remove the biggest obstacle in commercial clean energy adoption — the upfront price tag.

Where will the money go?

Two Point O will spend the fresh capital in two directions. First, it plans to expand into battery energy storage. Second, it will grow its existing businesses in solar energy, energy efficiency and wastewater treatment.

The company also wants to reach more customers in sectors with heavy energy and water demands, including:

• Data centres
• Automotive
• Pharmaceuticals
• Manufacturing
• Healthcare

That sector list matters. India's data centre buildout and factory expansion are pushing commercial power demand higher, and each of these industries faces rising costs for both energy and water.

How does the model work?

Two Point O combines financing with project execution and monitoring. It works with equipment manufacturers and project contractors so businesses can adopt clean energy and water treatment systems with lower upfront spending — essentially paying over time instead of shelling out capital costs on day one.

The pitch resonated with the lead investor. "Two Point O removes the capex barrier, accelerating the adoption of clean energy solutions," said Yashodhara Bakliwal, vice president, investment, at Transition Venture Capital.

The company's customer roster already includes Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills.

In plain terms: the firm isn't selling panels or filters — it's selling affordable access to them.

What role does AI play?

Two Point O said it uses artificial intelligence and machine learning to assess projects, evaluate financing risks and monitor asset performance. The technology also flags maintenance needs and keeps operating costs low, according to the company.

That stack matters for a lender-executor hybrid. Assessing project risk and tracking whether an installed solar array or treatment plant actually performs becomes the difference between a profitable financing book and a pile of stranded assets.

Why is demand rising?

CEO and co-founder Karan Bhutani frames the opportunity in macro terms. "India's tremendous growth in commercial and industrial segments will continue to increase demand for energy and water, placing greater pressure on businesses to manage and optimise energy costs and resources," Bhutani said.

The bet is straightforward: as commercial energy and water costs climb, financing that removes the capital-expenditure hurdle turns clean infrastructure from a discretionary upgrade into a routine purchase — and Two Point O now has $10 million more to scale that playbook.

By Grace Kim