SustVest has raised $1.7 million in a mix of equity and debt during its Pre-Series A funding round. The funding round, was led by Inflection Point Ventures and Antler, with contributions from WEH Ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others.
The funds will be utilised for acquiring solar projects, scaling marketing efforts with the regulated platform’s launch, enhancing operations, and addressing legal expenses.
Suvest is a regulated platform for sustainable investments in renewable energy, and offers fixed-income investment opportunities in renewable energy, providing commercial and industrial consumers with zero-cost solar projects. The company currently manages assets worth Rs 430 million, with 9.3 MW of installed solar capacity, distributing Rs 57 million in energy income and offsetting 9.4 million kilograms of carbon emissions.
