Two Point O Capital (TW.O) | $10M (~₹95 Cr)

Two Point O Capital, which trades as TW.O, has raised $10M (about ₹95 Cr) in a round led by Transition Venture Capital, with existing investor Omnivore and two angels taking part. The company finances and installs clean energy and water-treatment systems for commercial and industrial businesses.

The round

TW.O announced the $10M round on 2 November 2026. Transition Venture Capital led; Omnivore, which led the company's seed round, participated again, along with angel investors Chiranjeev Singh Saluja and Sudhir M Reddy. Reports reviewed do not give a stage label; one outlet calls it a Series A, which other coverage does not confirm, so this article leaves the stage unstated. No valuation has been reported, and the reports do not say whether the amount is entirely equity.

The company says it will use the capital to enter battery energy storage systems (BESS), deepen its work in solar, energy efficiency and wastewater treatment, and finance clean energy assets.

The 2024 seed also drew Multiply Ventures, RTP Global, growX and Spectrum Impact, according to press coverage at the time.

What Two Point O Capital does

TW.O offers loans, leasing and service-based financing for rooftop solar, battery storage, energy efficiency and wastewater treatment. It uses an AI and ML platform for project solutioning, underwriting and asset monitoring, and works with equipment makers (OEMs) and engineering contractors (EPCs) for installation and maintenance. Karan Bhutani is CEO and co-founder; the company's announcement lists Archit Mehrotra, Manya Ranjan and Shashidhar Reddy S as co-founders, and says it was founded in 2024. Headquarters are reported inconsistently across sources, so no city is stated here.

The company says its assets under management have grown 1.5x sequentially in each of the past three quarters, and that clients include Premier Energies, Godrej, JK Tyre, Morepen Pharma, Wipro and Phoenix Mills. These are company claims and have not been independently verified. It targets energy- and water-intensive sectors such as data centres, automotive, pharma, manufacturing and healthcare, and plans to reach SMEs. It aims to build AUM to $75 to 100 million over the next couple of years.

"This funding will accelerate our vision to become India’s first and largest multi-asset and multi-solution platform" — Karan Bhutani, CEO and co-founder, Two Point O Capital

The investors

Transition Venture Capital led the round. Its Vice President, Investment, Yashodhara Bakliwal, said: "Two Point O removes the capex barrier, accelerating the adoption of clean energy solutions." Omnivore, an agri and climate-focused venture fund, led TW.O's seed and also led the 2023 seed round in the biomaterials startup altM.

Why it matters

Many industrial buyers can save on energy costs with solar or storage but face upfront capital costs. TW.O's model is to remove that barrier through financing, which is why the company frames its pitch around capex rather than hardware. Whether access to finance, rather than technology, sets the pace of industrial solar and battery adoption in India is the open question the company is betting on. Related deals appear under ClimateTech funding news and Two Point O Capital funding news.