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SustVest Secures $1.7 Million in Pre-Series A Round

SustVest

SustVest has raised $1.7 million in a Pre-Series A funding round. The funding was a mix of equity and debt, led by Inflection Point Ventures and Antler, with participation from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.

The funds will support key growth initiatives, including acquiring solar projects, scaling marketing efforts with a regulated platform launch, strengthening operations, and covering legal costs.

With over ₹43 crore in Assets Under Management (AUM) and 9.3 MW of solar installations, SustVest has distributed ₹5.7 crore in energy income and saved more than 94 lakh kilograms of carbon emissions.

SustVest’s mission is to make renewable energy investments accessible to smaller investors through fractional ownership. “SustVest is democratizing renewable energy projects, allowing a broader audience to invest, earn passive income, and promote clean energy,” said Ankur Mittal, Co-Founder of Inflection Point Ventures.

The platform offers fixed-income opportunities with environmental impact while providing zero-cost solar projects to C&I consumers at tariffs up to 50% lower. Its notable portfolio includes clients like Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, and CRPF.

Co-founders Hardik Bhatia (CEO) and Devansh Shah (CTO), both graduates of BITS Pilani, bring industry expertise to SustVest. Hardik has a background in the solar business and fintech, while Devansh is a tech innovator with experience in finance and computer science.

Hardik Bhatia emphasized SustVest’s role in bridging financial gaps for EPCs, stating, “We’re making investment opportunities in renewable energy accessible to all, driving clean energy adoption and scaling our impact with support from IPV and other partners.”

India’s rooftop solar market represents a $405.63 billion opportunity, with 7.6 million MSMEs ready for solar integration. The alternative investment market, fueled by 99 million individuals earning over ₹15 lakh annually, is projected to reach $11.8 billion.

SustVest continues to expand its reach globally with seamless KYC processes and projects in states like Maharashtra and Himachal Pradesh, making sustainable energy investments simpler and more impactful for all.

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