+
Sustainable investment firm SustVest raises $160,000
POWER & RENEWABLE ENERGY

Sustainable investment firm SustVest raises $160,000

SustVest, a sustainable investment firm based in Gurgaon, has acquired $160,000 in angel funding to expand its footprint in India's clean energy industry.

Early-stage investors Paurush Sonkar of Stallions Capital, Balaji Vaidyanathan, and Sandeep Shetty led the funding round.

The income generated by SustVest's projects will yield a 15% annual return to the investors. The solar/EV (electric vehicle) assets will be digitally owned by investors and leased to consumers.

Sustvest, which was founded in 2018, is a sustainable investment platform that allows individuals or businesses to invest in renewable energy assets such as rooftop solar or EV charging points for as little as INR 5,000 ($64.46). The company hopes to provide a sustainable platform to renewables industry players in India with the newest round of funding.

According to SustVest, the company has a $3 million pipeline of sustainable energy projects. The company offers pre-vetted arrangements that bring together numerous possible investors to fund a leased project for power customers who pay monthly payments to use the generated electricity.


SustVest, a sustainable investment firm based in Gurgaon, has acquired $160,000 in angel funding to expand its footprint in India's clean energy industry.Early-stage investors Paurush Sonkar of Stallions Capital, Balaji Vaidyanathan, and Sandeep Shetty led the funding round.The income generated by SustVest's projects will yield a 15% annual return to the investors. The solar/EV (electric vehicle) assets will be digitally owned by investors and leased to consumers.Sustvest, which was founded in 2018, is a sustainable investment platform that allows individuals or businesses to invest in renewable energy assets such as rooftop solar or EV charging points for as little as INR 5,000 ($64.46). The company hopes to provide a sustainable platform to renewables industry players in India with the newest round of funding.According to SustVest, the company has a $3 million pipeline of sustainable energy projects. The company offers pre-vetted arrangements that bring together numerous possible investors to fund a leased project for power customers who pay monthly payments to use the generated electricity.

Next Story
Technology

Minda, Qualcomm Join Forces for Smart Auto Cockpit Tech

Minda Corporation Limited, the flagship of the Spark Minda Group, has announced a strategic partnership with Qualcomm Technologies, Inc. to develop intelligent and connected cockpit solutions for the Indian automotive market. The upcoming smart interface will be powered by Qualcomm’s Snapdragon Cockpit Platform.Commenting on the collaboration, Suresh D, Group CTO of Minda Corporation, said, “This partnership with Qualcomm Technologies marks a major milestone in advancing Minda’s digital cockpit capabilities. By utilising Qualcomm’s cutting-edge automotive platforms, we can now offer se..

Next Story
Infrastructure Transport

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Next Story
Infrastructure Urban

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?