| Funding Details | |
|---|---|
| Company Name | Ecozen |
| Founding Year | 2010 |
| Founders | Devendra Gupta,Prateek Singhal,Vivek Pandey |
| Funding Round | Debt Funding |
| Funding Amount | ₹125 Crore |
Ecozen has initiated the process of securing ₹125 crore in debt funding. This capital will assist the company in scaling its operations. Ecozen provides solar-based solutions—such as solar pumps and solar-powered cold storage—to farmers in the agricultural sector.
The company plans to utilize these funds primarily to enhance manufacturing capacity, expand into rural and international markets, invest in Research & Development (R&D), and develop its solar cold storage network.
Founded in Pune in 2010 by Devendra Gupta, Prateek Singhal, and Vivek Pandit, the company works directly with farmers. Its mission is to reduce farmers' dependence on diesel and grid electricity. While currently operating in India, Ecozen aims to expand into international markets.
Previous Funding Rounds
- 2023: Secured $25 million (approx. ₹205 crore) with participation from Nuveen Global Fund, Dare Ventures, Hivos-Triodos Fund, and Aavishkaar Capital (alongside existing investors).
- 2022: Secured approximately $6.5 million from Nuveen Global Fund (debt/working capital support).
- 2021: Secured approximately $10 million through debt financing involving CDC Group (now British International Investment), Caspian, Northern Arc, and other financial institutions.
To date, Ecozen has raised over $100 million (exceeding ₹800 crore) in combined debt and equity funding, reflecting strong investor confidence in the company.
The company is currently focusing heavily on expansion. Driven by the rising demand for solar solutions, it is witnessing robust sales performance.
