Key Takeaways
- • Mumbai-based climate financing platform Two Point O Capital raised $10 million in a round led by Transition Venture Capital, according to the company.
- • Existing investor Omnivore participated in the round alongside individual investors Chiranjeev Singh Saluja and Sudhir M Reddy.
- • The company did not disclose the valuation of the round.
- • Two Point O plans to enter battery energy storage while expanding its solar, energy efficiency, and wastewater treatment offerings.
- • The firm is targeting commercial and industrial customers in data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water are significant operating costs.
Summary
Mumbai-based climate financing platform Two Point O Capital has raised $10 million in a funding round led by Transition Venture Capital, as it seeks to expand the deployment of clean energy infrastructure for commercial and industrial customers, according to The Economic Times. The company said the round also included participation from existing investor Omnivore, along with individual investors Chiranjeev Singh Saluja and Sudhir M Reddy. Two Point O did not disclose the valuation of the round.
The company plans to enter battery energy storage, a new line for the firm, while expanding its existing offerings in solar power, energy efficiency, and wastewater treatment. It will focus on customers in sectors such as data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water consumption represent significant operating costs.
The funding was also reported by YourStory, which carried the same headline on the round led by Transition Venture Capital. The source material available for this story is limited, and it does not include details on the use of proceeds, deployment targets, or the company's financial performance.
The company plans to enter battery energy storage, a new line for the firm, while expanding its existing offerings in solar power, energy efficiency, and wastewater treatment. It will focus on customers in sectors such as data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water consumption represent significant operating costs.
The funding was also reported by YourStory, which carried the same headline on the round led by Transition Venture Capital. The source material available for this story is limited, and it does not include details on the use of proceeds, deployment targets, or the company's financial performance.
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