Clean energy deployment platform for commercial and industrial businesses, Two Point O Capital, has raised $10 million (~₹949 million) in a funding round led by Transition Venture Capital.

The transaction also saw participation from existing investor Omnivore and angel investors Chiranjeev Singh Saluja and Sudhir M Reddy.

The company plans to use the funding to expand into new asset classes, including battery energy storage, and increase its presence in solar, energy efficiency, and wastewater treatment segments.

It also plans to expand its business across sectors with significant energy and water requirements, including data centers, automotive, pharmaceuticals, manufacturing, and healthcare.

Two Point O provides financing, project ownership, measurement, and project execution services for commercial and industrial customers adopting clean energy infrastructure.

The company said it helps commercial and industrial businesses that require customized capital and asset solutions to lower operating costs, improve operational resilience, and access markets such as the European Union.

According to the company, the annual opportunity for such solutions is estimated at more than $100 billion to $150 billion.

Karan Bhutani, Chief Executive Officer and Co-Founder of Two Point O Capital, said rising energy and water demand from India’s commercial and industrial sectors is increasing pressure on businesses to manage costs and resources.

Two Point O Capital helped a solar module manufacturer in Andhra Pradesh, which is expected to save ₹2.21 billion (~$23.28 million) over 20 years through a 9.75 MW rooftop solar power purchase agreement.

The total corporate solar funding in the first nine months (9M) of 2026 stood at $25.1 billion, up 45% YoY from $17.3 billion, according to 9M and Q3 2026 solar funding and M&A report. The number of deals increased 35% YoY, with 172 deals in 9M 2026 compared to 127 deals during the same period last year.

In Q3 2026, solar corporate funding totaled $8.2 billion across 77 deals, compared to $6.5 billion across 49 deals in Q3 2025.