Two Point O Capital Secures $10 Million for Clean Energy Solutions
Two Point O Capital, an AI-driven clean energy deployment platform for commercial and industrial businesses, has successfully raised $10 million in a funding round spearheaded by Transition Venture Capital. The investment round also saw participation from existing investor Omnivore, as well as angel investors Chiranjeev Singh Saluja and Sudhir M Reddy.
Expansion into Battery Storage and Solar Energy
The funds raised will be allocated towards expanding the company’s capabilities in battery energy storage systems (BESS) while simultaneously bolstering its ventures in solar energy, energy efficiency, and wastewater treatment, as outlined in a press release from the company.
About Two Point O Capital
Established in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy, Two Point O Capital delivers sustainable infrastructure solutions to businesses through flexible financing, ownership of projects, transparent measurements, and assured outcomes.
Collaboration with Industry Leaders
The firm collaborates with original equipment manufacturers (OEMs) and engineering, procurement, and construction (EPC) firms throughout India. Its extensive customer base includes notable companies such as Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro, and Phoenix Mills.
Asset Management Growth
Two Point O Capital reported that its assets under management (AUM) have experienced growth of 1.5 times every quarter over the last three quarters. Leveraging a proprietary artificial intelligence and machine learning platform, the company excels in solutioning, underwriting, and monitoring assets. This advanced technology allows for predictive maintenance, risk mitigation, and performance optimisation.
Opportunities in the C&I Sector
The company highlights that the commercial and industrial segment presents an annual market opportunity between $100 billion and $150 billion for tailored capital and asset solutions that cater to clean energy and utility requirements. These solutions are crucial for companies aiming to reduce operational costs, enhance operational resilience, and gain access to markets like the European Union.
Diving Deeper into Energy and Water-Intensive Sectors
Furthermore, Two Point O Capital aims to intensify its focus on sectors that are heavily reliant on energy and water, including data centres, automotive, pharmaceuticals, manufacturing, and healthcare. The goal is to assist factories, hospitals, data centres, and manufacturing facilities in adopting cleaner energy practices and more efficient water management strategies.