In a significant stride towards sustainable investment, WEH Ventures has spearheaded a $250,000 funding round for the Gurugram-based investment platform SustVest. This infusion comes on the heels of a previous funding round of $160,000 and a grant of Rs 30 lakhs from the Ministry of Electronics and IT, awarded under its TIDE 2.0 scale-up program. SustVest, accelerated by Gruhas, DLF Family office, and Anthill Ventures, is now poised to expand its user base with the newly acquired capital.
Empowering Investors in Renewable Energy
Founded in 2022 by Hardik Bhatia and Devansh Shah, SustVest has carved a niche in the investment landscape by enabling users to acquire fractional ownership in renewable energy projects, particularly in the solar sector. What sets SustVest apart is its accessible entry point, requiring a minimum ticket size of Rs 25,000. This contrasts sharply with other platforms demanding up to Rs 1 crore for participation in commercial solar projects.
Impressive Track Record and Trust of Enterprises
SustVest proudly announces that it has already facilitated the sale of Rs 20 crore worth of solar projects, generating an impressive Rs 1 crore in energy income for its growing user base. With a registered investor count exceeding 45,000, the platform has earned the trust of enterprises like Subros, Macrotech Developers (Lodha Group), and Mahle Anand Filter Systems, all of whom have leveraged SustVest for their solar initiatives.
Strategic Deployment of Funds
The newly secured funds will play a pivotal role in SustVest’s strategic plans, primarily focusing on expanding its user base. The company aims to make sustainable investments accessible to a broader audience, fostering a community of environmentally conscious investors.
WEH Ventures’ Endorsement of Sustainable Entrepreneurship
WEH Ventures, known for being a sector-agnostic early-stage venture fund, has a track record of supporting and backing category-leading companies. Notable investments include smallcase, Jar, Masterchow, AppsForBharat, and Pratilipi. With its support for SustVest, WEH Ventures further underscores its commitment to fostering sustainable entrepreneurship and facilitating innovative solutions in the evolving landscape of green investments.
Ambitious Goals for the Future
SustVest is not content with its current achievements. The company sets its sights on reaching Rs 100 crores in Assets Under Management (AUM) within six to twelve months. This ambitious goal aligns with the broader mission of promoting sustainable practices and positively impacting the renewable energy landscape.
As SustVest continues to make waves in the sustainable investment realm, the partnership with WEH Ventures propels the company into a new phase of growth and influence. Together, they aim to drive meaningful change by providing investors with accessible and impactful opportunities in the burgeoning field of renewable energy.
