SustVest, a sustainable investment platform has raised $1.7 million in a pre-Series A round led by Inflection Point Ventures and Antler, the company said today, December 23 in a press release.
In the new funding round, WEH companies, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others also participated.
These funds will help the implementation of important business development programs, including acquiring solar projects, increasing marketing through the introduction of a regulated platform, strengthening operations, and paying legal expenses.
“Many small investors find it difficult to invest in renewable energy due to high barriers to entry. SustVest solves this by offering partial ownership in renewable energy projects for investment. In doing so, SustVest makes sustainable investments accessible to a wider audience and democratizes energy projects renewables as well, helping investors generate income and encouraging the growth of clean energy projects,” it said Ankur Mittal. Co-Founder, Inflection Point Ventures.
SustVest focuses on sustainable investments in renewable energy. The platform seeks to achieve over Rs 43 crore in assets under management (AUM) with 9.3 MW of solar installations, distribute over Rs 5.7 crore in energy revenue and save over 94 lakh kgs of carbon emissions.
Founded in 2020 by Hardik Bhatia and Devansh Shah, SustVest is India’s first regulated platform for sustainable investment. It provides investments in renewable energy with attractive returns while supporting the adoption of cost-effective solar for commercial and industrial customers.
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