SustVest operates an investment platform that lets retail and institutional users buy fractional stakes in renewable energy projects, primarily solar, with a minimum investment of Rs 25,000. The company reports it has sold solar projects valued at Rs 20 crore and generated Rs 1 crore in energy revenue to date. SustVest says it has a user base of over 45,000 registered investors and works with corporates such as Mahle Anand Filter Systems, Macrotech Developers (Lodha Group), and Subros. The platform was co-founded in 2022 by Hardik Bhatia and Devansh Shah and is based in Gurugram. Prior funding includes Rs 160,000 in earlier raises and a Rs 30 lakh grant from the Ministry of Electronics and IT under the TIDE 2.0 scale-up initiative. The company plans to use new proceeds to grow its user base and aims to reach an AUM of Rs 100 crore within six to twelve months.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2023