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.