Two Point O Capital raises $10 million to finance factory clean energy

Two Point O Capital, a Bengaluru-based company that finances clean-energy and water projects for businesses, has raised $10 million in a round led by Transition Venture Capital, according to reports on 1 November 2026. Its existing investor Omnivore and two angel investors, Chiranjeev Singh Saluja and Sudhir M Reddy, also took part. The company said it will use the money to enter battery energy storage and to grow its solar, energy-efficiency and wastewater-treatment work.

Many Indian factories, malls and offices want to cut their power bills and emissions, but rooftop solar plants, batteries and water-recycling systems need a large upfront investment. Two Point O's business is to close that financing gap: it arranges the money for such projects so that customers do not have to fund them entirely from their own balance sheets.

That makes Two Point O as much a finance company as an energy company, which is why its plans are measured in assets under management, the total value of projects it funds and owns. Each new project needs capital, so the equity raised now also helps it borrow more from lenders. The new round is larger than all the money it raised in 2024, when it took in more than $6 million through a mix of equity and debt.

Battery storage is the most notable new step. Solar panels produce power only during the day, while many factories run around the clock. Batteries store daytime solar power for use in the evening and can cut the expensive peak-hour electricity charges that industrial users pay. The company's move into small and medium enterprises also matters: such firms are often the least able to fund clean-energy projects themselves and the most exposed to rising power bills.

The company describes the market it is targeting as worth $100 billion to $150 billion a year, a figure that is its own estimate.

Two Point O Capital funding at a glance Item | Detail Amount raised | $10 million Lead investor | Transition Venture Capital Other investors | Omnivore, Chiranjeev Singh Saluja, Sudhir M Reddy New areas | Battery storage, SME customers Target | $75-100 million assets under management

Short-term: The company will start battery-storage projects and widen its work with existing industrial customers, using the new equity to raise project debt.

Long-term: If the model scales, more Indian companies, including smaller ones, could switch to solar power, storage and water recycling without large upfront spending, lowering their costs and emissions.

Who is affected: Commercial and industrial power users, small manufacturers, clean-energy equipment makers and installers, and lenders that fund green infrastructure.

For entrepreneurs, the round shows that investors are backing businesses that combine finance with clean-energy services, an area where demand from companies is steady because it is tied to their electricity bills.

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