Sustainable investment platform SustVest has successfully raised $1.7 million in a Pre-Series A funding round. The round included a mix of equity and debt financing, led by Inflection Point Ventures and Antler, with additional participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others. The funds will be used to support key growth initiatives such as acquiring new solar projects, launching a regulated platform to expand marketing efforts, enhancing operations, and covering legal expenses.
SustVest focuses on sustainable investments in renewable energy, managing over ₹43 crore in Assets Under Management (AUM) with 9.3 MW of solar installations. The platform has distributed more than ₹5.7 crore in energy income to investors and helped reduce over 94 lakh kilograms of carbon emissions. The company was co-founded by Hardik Bhatia (CEO) and Devansh Shah (CTO), both graduates of BITS Pilani. Hardik brings fintech expertise and a strong background in the solar business, while Devansh is a skilled tech innovator with a dual specialization in Finance and Computer Science.
Mr. Ankur Mittal, Co-Founder, Inflection Point Ventures, commented, “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. 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.”
Hardik Bhatia, Co-Founder and CEO of Sustvest, also stated,” 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. 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.”
SustVest provides investors with fixed-income opportunities that deliver both financial returns and environmental benefits. At the same time, it enables commercial and industrial (C&I) consumers to access zero-cost solar installations with tariffs up to 50% lower than conventional rates. The platform’s client portfolio features prominent names like Lodha Group, Hitachi, Mahle Group, Subros Ltd, and government organizations including CISF, NSG, and CRPF. SustVest caters to a global investor base with a streamlined KYC process through its regulated platform. The company’s solar projects are spread across key regions such as Maharashtra, Himachal Pradesh, and more.
India’s rooftop solar market offers a massive opportunity worth $405.63 billion, with 7.6 million MSMEs suitable for solar integration. The country’s alternative investment market is also on a growth trajectory, projected to reach $11.8 billion, fueled by 99 million high-income individuals earning over ₹15 lakh annually.
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