Two Point O Capital Raises $10 Million Led by Transition Venture Capital

Two Point O Capital has raised $10 million to expand its AI-powered clean energy platform for commercial and industrial (C&I) customers, in a round led by Transition Venture Capital (TVC).

Existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy also joined the round. The company, known as TW.O, plans to spend the money entering battery energy storage (BESS) and deepening its existing solar, energy efficiency and wastewater treatment businesses.

Who is behind TW.O?

Four founders launched the company in 2024: Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy. Their combined experience exceeds 75 years at firms including KKR, McKinsey, Shell, BP, Honeywell, ReNew, Sterlite Power and GIC.

TW.O works with original equipment manufacturers and engineering, procurement and construction firms across India. Its client list includes Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills.

The company helps businesses adopt sustainable infrastructure through flexible financing, project ownership, transparent measurement and guaranteed results. A proprietary AI and machine learning platform handles solutioning, underwriting and asset monitoring. That stack enables predictive maintenance, risk mitigation and performance optimisation while keeping operating costs low.

Growth is already visible. The firm said its assets under management have grown 1.5 times each quarter over the past three quarters.

How large is the opportunity?

TW.O puts the addressable market at $100 billion to $150 billion annually. C&I customers need customised capital and asset solutions to meet clean energy and utility needs, according to the company. These solutions lower operating costs, open access to new markets such as the European Union, and improve operational resilience.

"India's tremendous growth in C&I segments will continue to increase demand for energy and water, placing greater pressure on businesses to manage and optimise energy costs and resources," said Karan Bhutani, chief executive officer and co-founder of TW.O.

He pointed to geopolitics as an added driver. "The recent West Asia crisis has further underscored the importance of energy independence and resilience, making the transition to clean energy and efficient water utilisation an imperative rather than a choice," Bhutani said.

The company also plans to expand into energy and water-intensive sectors such as data centres, automotive, pharma, manufacturing and healthcare.

Bhutani said TW.O combines innovative capital, turnkey execution and technology expertise to help customers cut costs, improve resilience and become competitive. "This funding will accelerate our vision to become India's first and largest multi-asset and multi-solution platform enabling adoption of clean energy by C&I customers," he said.

What do the investors say?

Yashodhara Bakliwal, vice president of investment at TVC, said TW.O removes the capex barrier and speeds up clean energy adoption. She added that the industry often underestimates the complexity of integration across a fragmented ecosystem with multiple stakeholders.

"By taking end-to-end ownership of execution, TW.O enables customers to focus on their core business rather than managing the build," said Bakliwal. "It also complements our existing portfolio: Our hardware companies can deploy faster through TW.O's platform and reach customers who would otherwise be constrained by capex."

Abhilash Sethi, partner at Omnivore, framed the macro backdrop. India crossed 50 per cent of installed electricity capacity from non-fossil sources in June 2025, five years ahead of its 2030 target. Yet clean energy asset deployment in the C&I segment still lags, he said.

Sethi argued that scaling the energy transition will require factories, hospitals, data centres and manufacturing facilities to adopt solutions delivering cleaner energy and more efficient water use every day.

"This is precisely the need TW.O is built to address, and we are excited to continue partnering with them," said Sethi.

With $10 million in hand, TW.O must now prove it can compound that 1.5-times quarterly asset growth while entering the capital-hungry battery storage business.