Highlights
SustVest Secures $1.7 Million Pre-Series A Funding
Sustainable investment platform SustVest has successfully raised $1.7 million in its pre-Series A funding round. This investment, comprising both equity and debt, was primarily led by Inflection Point Ventures and Antler. Other contributors included WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, among others.
Utilisation of Funds
The funds will be allocated towards several essential business growth initiatives, such as:
- Acquiring solar projects
- Scaling marketing efforts in alignment with the regulated platform launch
- Enhancing operational capabilities
- Covering legal expenses
About SustVest
Founded by Hardik Bhatia and Devansh Shah, SustVest focuses on sustainable investments in the renewable energy sector. The platform has reportedly achieved over Rs 43 crore in Assets Under Management (AUM) and has installed 9.3 MW of solar capacity. It has also distributed over Rs 5.7 crore in energy income, contributing to a reduction of more than 94 lakh kg of carbon emissions.
Investment Opportunities
The startup positions itself as a provider of fixed-income investment opportunities with a strong environmental impact. It also enables Commercial & Industrial (C&I) consumers to access zero-cost solar projects at tariffs reduced by up to 50%. Notable clients include:
- Lodha Group
- Hitachi
- Mahle Group
- Subros Ltd
- CISF
- NSG
- CRPF