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Haryana-based sustainable investment platform SustVest has raised $1.7 million in a mix of equity and debt as part of its pre-Series A funding round.
The round was led by Inflection Point Ventures and Antler, with participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.
“The funds will be used to drive SustVest’s growth initiatives, including acquiring solar projects, enhancing marketing efforts for its regulated platform, improving operational efficiency, and managing legal expenses,” the company stated.
SustVest focuses on renewable energy investments and has achieved ₹43 crore in Assets Under Management (AUM) through 9.3 MW of solar installations.
The platform has distributed ₹5.7 crore in energy income to investors and reports a reduction of over 94 lakh kilograms in carbon emissions.
Speaking about the investment, Ankur Mittal, Co-Founder of 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. By doing so, SustVest is making sustainable investments more accessible to a broader audience and democratizing renewable energy projects. In turn, helping investors earn passive income and promote the growth of clean energy initiatives.”
SustVest’s regulated platform provides investors worldwide with seamless KYC processes. Its projects span key locations, including Maharashtra, Himachal Pradesh, and more.
Commenting on the fundraise, Hardik Bhatia, Co-Founder and CEO of Sustvest, said, “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,” Bhatia added.