Business · Companies · 3 hrs ago
Two Point O raises $10 million for clean energy financing
India-based Two Point O Capital raised $10 million in a Series A funding round led by Transition Venture Capital, with existing backer Omnivore and angel investors also participating.
The startup aims to address a financing gap for smaller clean energy projects at factories, commercial buildings and industrial sites, where funding has lagged behind large utility-scale projects.
It offers financing, equipment leasing and project solutions for rooftop solar, batteries, energy efficiency and wastewater treatment.
The company says it has onboarded around 25 to 30 large customers and increased its assets under management 1.5 times in each of the last three quarters.
It plans to use much of the funding to finance clean energy equipment deployments, improve its technology and hire staff.
Two Point O aims to expand across India and reach $100 million in assets under management over the next couple of years, including by entering the small and medium-sized business segment.
Two Point O Capital has raised $10 million in a Series A round led by Transition Venture Capital.
The startup plans to use much of the funding to finance clean energy assets for commercial and industrial customers.
It will also invest in its technology and hiring, and aims to expand across India and enter the small and medium-sized enterprise segment.
Founded in 2024, Two Point O offers financing, turnkey solutions and equipment leasing for clean energy projects.
The company says it has onboarded around 25 to 30 large customers and grown its assets under management 1.5 times sequentially in each of the last three quarters.
- Who
- Two Point O Capital raised the funding. The Series A was led by Transition Venture Capital, with participation from Omnivore and angel investors.
- What
- The startup raised $10 million to finance clean energy deployments, strengthen its technology and increase hiring.
- When
- The article was published on November 2, 2026. The funding announcement came two years after the startup raised more than $6 million in 2024.
- Where
- India.
- Why
- The funding is intended to support clean energy projects for commercial and industrial customers, a segment the company says lacks sufficient financing.
This story does not have two clearly opposing sides.
Two Point O raised more than $6 million through a mix of equity and debt.
Inc42 reported that Two Point O had raised $10 million in a Series A round led by Transition Venture Capital.
- Series A funding
- $10 million
- Lead investor
- Transition Venture Capital
- Previous funding
- More than $6 million in 2024
- Customers onboarded
- Around 25–30 large customers
- AUM growth
- 1.5 times sequentially in each of the last three quarters
What people are saying
There was a lot of capital that was getting pumped into utility-scale, grid-scale projects. But there wasn’t enough capital inflows into the distributed or decentralised energy projects, to put it simply, for industries and buildings.