Inflection Point Ventures and Antler, leading the pre-Series A round of financing for the sustainable investment platform SustVest, contributed $1.7 million. Other investors included WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.

The money raised will go toward important business expansion projects like buying solar projects, expanding marketing in conjunction with the launch of the regulated platform, fortifying operations, and paying legal fees.

SustVest, which was founded by Hardik Bhatia and Devansh Shah, focuses on environmentally friendly investments in renewable energy. With 9.3 MW of solar installations, the platform says it has achieved over Rs. 43 crores in Assets Under Management (AUM), distributed over Rs. 5.7 crore in energy income, and saved over 94 lakh kg of carbon emissions.

The startup says it can provide C&I consumers with access to free solar projects at tariffs that are up to 50% lower, while also providing investors with fixed-income opportunities that have an environmental impact. The portfolio includes renowned clients such as Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, CRPF, and others.

According to Ankur Mittal, co-founder of Inflection Point Ventures, "high entry barriers make it difficult for many smaller investors to invest in renewable energy." SustVest offers investors fractional ownership in renewable energy projects as a solution to this problem. In doing so, SustVest is democratizing renewable energy projects and increasing the accessibility of sustainable investments to a wider audience.

Consequently, assisting investors in generating passive income and encouraging the expansion of clean energy projects.