---
title: "Two Point O Raises $10 Mn Series A Led by Transition VC"
description: "The Mumbai startup pays for solar, storage and efficiency projects at commercial and industrial sites and uses its own AI tools to underwrite and monitor..."
url: "https://bharat.digital/originals/two-point-o-10-mn-series-a-transition-vc-clean-energy-financing/index.md"
canonical: "https://bharat.digital/originals/two-point-o-10-mn-series-a-transition-vc-clean-energy-financing/"
published: "2026-11-02T04:55:00+04:00"
updated: "2026-11-02T04:55:00+04:00"
section: "Originals"
type: "startup"
author: "bharat.digital desk"
image: "https://bharat.digital/img/originals/two-point-o-10-mn-series-a-transition-vc-clean-energy-financing-auto-4ea10449-og.jpg"
language: "en-IN"
site: "bharat.digital"
---

# Two Point O raises $10 Mn led by Transition VC to finance clean energy for factories and buildings

*The Mumbai startup pays for solar, storage and efficiency projects at commercial and industrial sites and uses its own AI tools to underwrite and monitor them. The new money goes into deploying more assets and moving into battery storage and smaller businesses.*

By bharat.digital desk. Startup, Startups & Fintech. Published 2026-11-02T04:55:00+04:00. 2 min read.

![Two Point O raises $10 Mn led by Transition VC to finance clean energy for factories and buildings](https://bharat.digital/img/originals/two-point-o-10-mn-series-a-transition-vc-clean-energy-financing-auto-4ea10449-hero.webp)

## At a glance

- Company: Two Point O Capital
- What it does: Financing and deployment platform for clean energy projects at commercial and industrial sites
- Based in: Mumbai
- Latest: Raised $10 Mn Series A led by Transition Venture Capital
- Date: 2026-11-02
- Founders: Archit Mehrotra, Karan Bhutani, Manya Ranjan, Shashidhar Reddy

Two Point O Capital, a Mumbai based platform that finances and builds clean energy projects for commercial and industrial customers, has raised $10 Mn (about Rs 95 Cr) in a Series A round led by Transition Venture Capital. Existing investor Omnivore joined the round, along with angel investors Chiranjeev Singh Saluja and Sudhir M Reddy, according to Inc42, YourStory and The Economic Times. The valuation was not disclosed.

The problem it is going after is a financing gap. Big utility scale solar parks attract plenty of capital, but smaller installations on factory roofs, commercial buildings and industrial sites often struggle to get funded even when the technology already pays for itself. "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," cofounder and CEO Karan Bhutani told Inc42. Two Point O pays for the equipment, handles the project end to end through OEM and EPC partners, and the customer avoids the upfront cost.

Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan and Shashidhar Reddy, the company says it uses a proprietary AI and machine learning platform to design solutions, underwrite projects and monitor assets once they are running. YourStory reported that its customers include Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills. The startup told Inc42 it has onboarded around 25 to 30 large customers and grown its assets under management about 1.5 times quarter on quarter for the last three quarters.

Most of the new money will go into financing more clean energy assets, with the rest going into its technology stack and hiring. The company plans to add battery energy storage to its current mix of solar, energy efficiency and wastewater treatment projects, and to target sectors with heavy energy and water needs such as data centres, automotive, pharma, manufacturing and healthcare. It also wants to enter the SME segment and reach $100 Mn in assets under management over the next couple of years, Inc42 reported. The round follows the more than $6 Mn in equity and debt the startup raised in 2024.

## Sources

1. [Inc42: Two Point O bags $10 Mn to bridge the financing gap in clean energy](https://inc42.com/buzz/two-point-o-bags-10-mn-to-bridge-the-financing-gap-in-clean-energy/)
2. [YourStory: Two Point O raises $10M led by Transition Venture Capital](https://yourstory.com/2026/11/two-point-o-raises-10-million-led-by-transition-venture-capital)
3. [The Economic Times: Climate platform Two Point O raises $10 million led by Transition Venture Capital](https://economictimes.indiatimes.com/tech/funding/climate-platform-two-point-o-raises-10-million-led-by-transition-venture-capital/articleshow/135429610.cms)

Written by the bharat.digital desk from the sources above. Figures are as reported by those sources.