SustVest, a Gurugram-based investment platform focusing on renewable energy projects, secured $250,000 in a funding round spearheaded by WEH Ventures. Complementing its prior funding of $160,000 and a grant of Rs 30 lakhs from the Ministry of Electronics and IT's TIDE 2.0 scale-up program, the company has received further backing through this recent round. SustVest also experienced acceleration support from Gruhas, DLF Family Office, and Anthill Ventures.

The recently acquired funds are designated for the expansion of SustVest’s user base, as outlined in the company's official statement. Established in 2022 by Hardik Bhatia and Devansh Shah, SustVest differentiates itself by enabling users to obtain fractional ownership in renewable energy projects, particularly solar initiatives, with a minimum investment of Rs 25,000. This stands in contrast to platforms requiring notably higher investments, reaching up to Rs 1 crore, for commercial solar projects.

SustVest has demonstrated significant success by selling solar projects worth Rs 20 crore and generating Rs 1 crore in energy income for its expanding user base. With over 45,000 registered investors, the platform has gained the confidence of enterprises like Subros, Macrotech Developers (Lodha Group), and Mahle Anand Filter Systems, who have entrusted their solar projects to the platform. Looking ahead, SustVest has set an ambitious goal of achieving Rs 100 crores in Asset Under Management (AUM) within the next six to twelve months. As the lead investor in this funding round, WEH Ventures is a sector-agnostic early-stage venture fund that has previously supported various pioneering companies, including Smallcase, Jar, Masterchow, AppsForBharat, and Pratilipi. The partnership with WEH Ventures is anticipated to further bolster SustVest’s growth trajectory as it continues to make strides in the renewable energy investment sector.