Abhishek Gaur
24 Sept 2024
Led by Omnivore, the funding will help the climate finance startup enhance its tech platform and support MSMEs and rural enterprises in adopting sustainable energy solutions.
Two Point O Capital, a climate finance platform, has secured $6.3 million in seed funding led by Omnivore. The startup focuses on providing financing solutions to MSMEs and rural enterprises in India, with an emphasis on distributed clean energy projects. By offering leasing, capex financing, and other options, Two Point O supports energy transition sectors such as solar rooftops, energy efficiency, and wastewater treatment. The funding will help enhance its tech-enabled platform for sourcing, underwriting, financing, and monitoring these projects.
Founded in 2024, Two Point O Capital aims to address the debt financing gap in India’s distributed clean energy sector. Abhilash Sethi of Omnivore emphasized how the startup empowers rural businesses to embrace sustainability. Raveen Sastry of Multiply expressed support for their mission.
The funding will enable Two Point O to expand its team and strengthen operations. With growing interest in climate tech, the platform’s role in financing clean energy projects could significantly impact the ecosystem for new startups in India. By providing increased investment, better access to financing, enhanced platform capabilities, and opportunities for collaboration, Two Point O can contribute to the growth of startups and the clean energy industry in India.
Source: INC42
