- India’s First Regulated Platform for Sustainable Investments Plans to Scale Solar Projects and Expand Accessibility
- Funding Round Led by IPV and Antler to Accelerate SustVest’s Mission of Democratizing Renewable Energy Investments
- SustVest Offers Investors Fixed-Income Opportunities with 12-14% XIRR and Monthly Payouts
- SustVest Raises $1.7 Million to Drive Clean Energy Adoption for MSMEs and Corporates Across India
- IPV and Antler Back SustVest to Expand the $405B Rooftop Solar Market Opportunity in India
Gurugram, 23rd December 2024: SustVest, India’s pioneering sustainable investment platform, has successfully raised $1.7 million in a Pre-Series A funding round comprising equity and debt. The round was led by Inflection Point Ventures (IPV) and Antler, with participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.
The funds will be strategically allocated to acquiring solar projects, enhancing marketing efforts with the launch of a regulated platform, streamlining operations, and covering legal expenses.
Driving Sustainable Investments
SustVest specializes in renewable energy investments, offering an innovative approach to democratize access to solar energy projects. The platform has achieved remarkable milestones, including:
- Over ₹43 crore in Assets Under Management (AUM).
- Deployment of 9.3 MW of solar installations.
- Distribution of more than ₹5.7 crore in energy income.
- Reduction of 94 lakh kilograms of carbon emissions.
Industry Expertise at the Helm
Founded by Hardik Bhatia (CEO) and Devansh Shah (CTO), SustVest is driven by a vision to make sustainable investments accessible to all. Both are BITS Pilani alumni, with Hardik bringing a rich legacy in the solar industry and fintech, while Devansh contributes his technical acumen and innovative mindset.
Hardik Bhatia, Co-Founder and CEO, stated:
“The investment opportunities once reserved for the ultra-wealthy are now accessible to everyone through SustVest. By democratizing renewable energy investments, we’re bridging critical gaps in the ecosystem and enabling clean energy adoption on a broader scale. IPV has been instrumental in understanding our vision and empowering us to create significant impact.”
Endorsed by Industry Leaders
Ankur Mittal, Co-Founder of Inflection Point Ventures, commented:
“High entry barriers often deter smaller investors from participating in renewable energy. SustVest eliminates these barriers by enabling fractional ownership of renewable energy projects. This approach democratizes clean energy investments, allowing investors to earn passive income while fostering sustainable development.”
Transforming the Renewable Energy Landscape
SustVest offers fixed-income investment opportunities with a positive environmental impact. The platform also facilitates zero-cost solar projects for Commercial and Industrial (C&I) consumers, reducing electricity costs by up to 50%. Its clientele includes industry leaders such as Lodha Group, Hitachi, Mahle Group, Subros Ltd, and government entities like CISF, NSG, and CRPF.
Projects are distributed across key regions, including Maharashtra and Himachal Pradesh, with investors from around the globe benefiting from a seamless KYC process via SustVest’s regulated platform.
A Market Poised for Growth
India’s rooftop solar market presents a $405.63 billion opportunity, with 7.6 million MSMEs suitable for solar integration. Meanwhile, the alternative investment market is projected to reach $11.8 billion, driven by 99 million individuals earning over ₹15 lakh annually.
As SustVest scales its impact, it continues to build a gateway for Engineering, Procurement, and Construction (EPC) companies to access financing for OPEX models, paving the way for a sustainable future powered by renewable energy.
