Sustainable Investment Platform SustVest Raises $1.7M to Drive Solar Growth
Gurugram
23-December-2024
Sustainable Investment Platform SustVest Raised $1.7 Million in Pre-Series A Round in mix of equity and debt Led by Inflection Point Ventures and Antler along with participation from WEH ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.
SustVest specializes in sustainable investments in renewable energy. The platform has achieved over Rs. 43 crore in Assets Under Management (AUM) with 9.3 MW of solar installations, distributing over Rs 5.7 crore in energy income and saving over 94 lakh kgs of carbon emissions.
Co-founders Hardik Bhatia (CEO) and Devansh Shah (CTO) bring deep industry expertise. Hardik, a B.E. in Computer Science from BITS Pilani, had a family background in the solar business and extensive fintech experience. Devansh, also a BITS Pilani graduate in Finance and Computer Science, is a tech innovator.
“The investment opportunities once reserved for the ultra-wealthy are now accessible to all through SustVest, democratizing renewable energy investments. We’re building a gateway for EPCs to access finance for the OPEX model, bridging critical gaps in the ecosystem,” said Hardik Bhatia, Co-Founder and CEO, Sustvest.
“IPV has been exceptional in understanding our vision and supporting us on this journey with their expertise, enabling us to scale our impact and bring clean energy closer to everyone.”
Speaking about the investment, Ankur Mittal, Co-Founder, Inflection Point Ventures, said, “Many smaller investors find it difficult to invest in renewable energy due to high entry barriers. SustVest solves this by offering fractional ownership in renewable energy projects for investing.
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“By doing so, SustVest is making sustainable investments more accessible to a broader audience and democratizing the renewable energy projects. In turn, helping investors earn passive income and promote the growth of clean energy initiatives.”
SustVest offers investors fixed-income opportunities with environmental impact while enabling C&I consumers to access zero-cost solar projects at up to 50% lower tariffs. Their portfolio includes renowned clients such as Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, CRPF, and others.
SustVest serves investors across the globe with seamless KYC processes via its regulated platform. Its projects span key locations, including Maharashtra, Himachal Pradesh, and more. - TWL Bureau
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