Introduction
Gurgaon-based A fund of USD 160,000 was recently obtained by angel investors for SustVest, a sustainable investment platform that enables retail investors to engage in fractional ownership of renewable energy assets like solar or electric vehicles. Sandeep Shetty, an experienced early-stage investor, Balaji Vaidyanathan, and Paurush Sonkar, the founder and CEO of Stallions Capital, spearheaded the fundraising. According to the company’s press release, the investment will be used for product development, marketing, and brand enhancement in the marketplace, enabling the brand to offer the most sustainable platform in the Indian area.
In contrast to other firms where the minimum ticket size is as high as 1 cr for commercial solar projects, Sustvest is an investing platform that allows investors to participate in fractional ownership of clean energy assets like solar or electric vehicles (EVs) with a ticket size as little as ₹5000. The project’s revenue has the potential to yield an annual return to investors of up to 15%. These solar/EV assets will be digitally owned by investors. They are leased to customers who make monthly rental payments, with the proceeds going to the project’s investors in proportion.
Company Highlights
| Company Name | Sustvest |
| Headquarter | Gurugram, Haryana, India |
| Industry | Investment Platform |
| Founded | 2020 |
| Founder | Devansh Manishkumar Shah, Hardik Bhatia and Konda Venkata Prasanth Sai |
| Website | info@sustvest.com |
Sustvest – About
Through the fintech green investing portal SustVest, anyone may invest in partial ownership of renewable energy assets like solar or electric vehicles. It provides credit ratings so that investors may make well-informed decisions and earn passive income through a variety of asset investment alternatives.
A sustainable investing platform called SustVest enables consumers to purchase partial ownership stakes in renewable energy facilities. According to it’s business concept, consumers may co-own an EV charging station or rooftop solar installation by contributing a minimum of ₹5,000. Schools, companies, residential buildings, and other institutions are powered by the investments.
Industry
The necessity for sustainable development and economic growth to coexist cooperatively to ensure the long-term well-being of the earth and its inhabitants gave rise to SustVest. They want to forge meaningful connections based on their core beliefs to offer inspiring yet practical answers to the world’s current issues, such as climate change.
Founder and Team
Devansh Manishkumar Shah, Konda Venkata Prasanth Sai, and Hardik Bhatia started it. It was created in Gurugram, Haryana, India, in 2020. It is officially known as Solargridx Ventures Private Limited. Bits Pilani and the Pilani Innovation & Entrepreneurship Development Society (Pieds) are sponsors of SustVest.
Startup Story
In a financing round headed by WEH Ventures, SustVest, an investment platform focused on renewable energy initiatives, successfully raised $250,000. The Gurugram-based firm has received extra assistance through this current round of finance, building on 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. Additionally, it has profited from Anthill Ventures, DLF Family Office, and Gruhas’ acceleration.
The recently obtained capital is intended to increase SustVest’s user base, the firm announced in a news statement. SustVest, which was founded in 2020 by Hardik Bhatia and Devansh Shah, stands out for enabling consumers to purchase fractional ownership in renewable energy projects, including solar efforts, for as little as Rs 25,000. This distinguishes it from platforms where investments for commercial solar projects can go up to Rs 1 crore, which is much greater.
With the sale of solar projects valued at Rs 20 crore and the generation of Rs 1 crore in energy revenue for its expanding user base, it boasts significant success. With more than 45,000 registered investors, the site has earned the confidence of businesses, like Mahle Anand Filter Systems, Microtech Developers (Lodha Group), and Subros, who have trusted it with their solar projects.
Mission and Vision
The world we see is one where green energy is surrounded by boundless and infinite economic prospects, a treasure that will play a larger part in the better future of our economy. a culture that values environmental consideration in business and is actively engaged in climate action plans.
An organization that embraces innovation prepares initiatives, innovates, and is socially and ecologically conscious while providing financial rewards to all participants.
The goal is to create lasting partnerships founded in our core beliefs to offer practical yet exciting sustainable solutions to the world’s current issues, such as climate change. Additionally, it make it accessible and inexpensive, leading to growth that is a profitable investment from an ecological and economic standpoint.
They place a high importance on honesty and openness, providing customers with the knowledge and direction they need to make wise and well-informed financial decisions.
Name, Tagline, and Logo
According to the logo, SustVest was founded to address the need for sustainable development and economic growth to work together for the benefit of all living things on Earth and its inhabitants.
Business Model
With a minimum ticket value of Rs 25,000, customers can acquire fractional ownership in renewable energy projects like solar using SustVest’s business concept. Energy from investments powers schools, factories, housing complexes, and more. Monthly bills for clean power produced by their asset are paid by users. The asset’s monthly revenue is gathered and added to the user’s “green vault.”
In 2022, Hardik Bhatia and Devansh Shah co-founded the company. The business is a member of the 2013-registered Pilani Innovation & Entrepreneurship Development Society (PIEDS), an independent non-profit organization.
Revenue Model
Monthly bills for the clean power produced by their asset are paid by users. The asset’s monthly revenue is gathered and added to the user’s green vault. SustVest has made ₹1 crore in energy revenue for its user base and sold solar projects valued at ₹20 crore. Over 45,000 investors have enrolled with the firm. According to some, SustVest offers inexpensive investment alternatives, a strong potential for monthly earnings, and a track record of generating returns on investments of an average of 12%. (ROI). Some claim that the business offers clear information on tax requirements related to earned return on investment and is honest about transactions.
Products and Services
One of the greatest investment platforms is SustVest, which offers high-value returns on investments in renewable energy and green energy assets.
Funding and Investors
In a round-headed by WEH Ventures, investment platform SustVest has received a total of $250,000. The Ministry of Electronics and IT awarded the Gurugram-based startup a grant of Rs 30 lakhs as part of its TIDE 2.0 scale-up initiative after it had already raised $160,000. Anthill Ventures, DLF Family Office, and Gruhas have all expedited SustVest. The money will be used to increase the number of users, SustVest stated in a news statement.
SustVest, which was co-founded in 2020 by Hardik Bhatia and Devansh Shah, differs from other platforms that demand up to Rs 1 crore for commercial solar projects by allowing consumers to acquire fractional ownership in renewable energy projects like solar with a minimum ticket size of Rs 25,000.
Angel investors like Balaji Vaidyanathan and two others provide funding for SustVest. Asav Partners and one additional VC investor and angel network provide funding for SustVest.
The main investors are –
- Paurush Sonkar: Previously, Y-combinator financed businesses and Techstars coached them. An esteemed mentor for start-ups, adept at raising capital, and an investor in modern businesses Former Head of Digital Marketing at Franklin Templeton, Aditya Birla, L&T Financial, etc.
- The Director and Head of Marketing for Central and Eastern Europe, the Middle East, and Africa is Balaji Vaidyanathan.
- Sandeep Shetty is an experienced early-stage investor, a seasoned businessman, and the owner of several Maharashtra hotels.
According to SustVest, it has sold solar projects valued at Rs 20 crore and brought in Rs 1 crore in energy revenue for its growing customer base. Additionally, it states that over 45,000 registered investors make up its base. Businesses like Mahle Anand Filter Systems, Macrotech Developers (Lodha Group), Subros, and Subros have trusted its platform with their solar projects. Within the next six to twelve months, the business wants to reach an Asset Under Management (AUM) of Rs 100 crores. A sector-neutral early-stage startup fund, WEH Ventures has sponsored several industry-leading businesses, including Jar, Masterchow, AppsForBharat, Pratilipi, smallcase, and Masterchow.
Employees
It employs two to ten people.
Challenges Faced
- Limited project availability: It might be difficult to find investors high-quality, workable projects.
- Lack of knowledge: A lot of prospective investors still need to be made aware of the advantages and dangers of making investments in renewable energy.
- Regulatory obstacles: Complex investment procedures and project approvals can be caused by changing rules and bureaucratic processes.
Acquisitions
It has not yet made any purchases.
Growth
In addition to earning Rs 1 crore in energy revenue for its growing customer base, SustVest has already sold solar projects valued at Rs 20 crore. SustVest now has a base of more than 45,000 registered investors due to the high demand from investors, with projects being subscribed to in a matter of minutes. The SustVest platform, with its user-friendly design, offers its users all transparency about projects and returns. Well-known businesses like Mahle Anand Filter Systems, Macrotech Developers (Lodha group), and Subros have trusted the SustVest platform with their solar projects.
Shah remarked, “We are happy to announce our recent financing of $250,000 in capital, spearheaded by WEH Ventures,” in response to the news. This investment represents a critical turning point in our quest to redefine the relationship between sustainability and finance. The passionate backing of WEH Ventures confirms our goal of establishing a forward-thinking entryway for ethical wealth creation. The money received will be used wisely to grow our user base and advance us closer to our audacious target of managing 100 crore assets (AUM).
Partners
PIEDS and Startad are their partners.
Competitors
Macro Business Solutions Pvt Ltd, Climate Connect, and Lawspective Llp are a few potential rivals of SustVest.
Awards and Achievements
The sustainable investment platform SustVest has won several prizes and awards.
Conquest Accelerator: SustVest was ranked among the top 10 companies out of almost 3,000 in 2020.
LaunchAD’s Spring Incubation Initiative: The Global Green Growth Institute and the UAE Ministry of Climate Change & Environment supported this initiative, in which SustVest took first place in 2020.
Future Plan
SustVest’s future is full of opportunities, as it promises to illuminate not just houses but also a future driven by financial inclusion, sustainability, and group influence. One renewable investment at a time, they are carrying the torch for a better tomorrow as they make their way through these ambitious objectives.
Conclusion
SustVest has made quick progress in accumulating the first wave of assets and is effectively addressing the challenge of securing funding for solar projects. As they expand their scaled renewable asset play, we are thrilled to support them. The disruptive approach of SustVest is consistent with our mission to propel meaningful change. WEH Ventures is pleased to assist SustVest in transforming the investment landscape, promoting industry collaborations, and hastening the transition to a more environmentally friendly and sustainable future as we go ahead.
FAQs
What does Sustvest do?
Sustvest is driving the creation of a new class of investments that will provide both financial and environmental rewards by accelerating investments in renewable energy.
When was Sustvest founded?
In 2020, it was established.
Who is the founder of Sustvest Corporation?
The founders are Konda Venkata Prasanth Sai, Hardik Bhatia, and Devansh Manishkumar Shah.
Who is the CEO of Sustvest Corporation?
CEO Hardik Bhatia is in charge.
Who are the main competitors of Sustvest?
Macro Business Solutions Pvt Ltd, Climate Connect, and Lawspective Llp are a few potential rivals of SustVest.
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