SustVest Raises $1.7 Million in Pre-Series A Round Led by IPV and Antler
- ByStartupStory | December 23, 2024
SustVest, India’s first regulated platform for sustainable investments, has successfully raised $1.7 million in a pre-Series A funding round. The round was led by Inflection Point Ventures (IPV) and Antler, with participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others, according to a press note issued by the company.
The fresh capital will be utilized to fuel key growth initiatives, including acquiring solar projects, scaling marketing efforts with the launch of its regulated platform, strengthening operations, and covering legal expenses.
“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,” said Ankur Mittal, Co-Founder of Inflection Point Ventures.
Founded in 2020 by Hardik Bhatia and Devansh Shah, SustVest specializes in sustainable investments in renewable energy. The platform has achieved impressive milestones, managing assets worth over ₹43 crore, with 9.3 MW of solar installations. The company has distributed more than ₹5.7 crore in energy income and saved over 94 lakh kilograms of carbon emissions.
SustVest provides an innovative solution for sustainable investing by enabling fractional ownership in renewable energy projects. This approach lowers entry barriers for smaller investors, making sustainable investments more inclusive. The platform also supports zero-cost solar adoption for commercial and industrial clients, while offering attractive returns for investors.
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