Pune: Ecozen has raised over $23 million in debt funding from a consortium of investors, including responsAbility Investments AG, Northern Arc Capital Limited, and Maanaveeya Development & Finance Private Limited. The capital will be utilized to scale Ecozen’s flagship solutions, expand operations, and reinforce its position as a pioneer in sustainable technologies.
Ecozen has achieved CAGR of over 83% in revenue over the last three years, reflecting its rapid and sustained success. To date, the company has manufactured over 300,000 Ecotron solar pump controllers, with 100,000 units produced in just nine months in 2024. These efforts have resulted in the mitigation of over 2 million metric tons of greenhouse gas emissions, including 660,000 metric tons in 2024 alone.
Additionally, Ecozen’s Omni Controller has allowed existing customers to harness solar energy for a wider range of applications while positioning the company for new market opportunities. Ecozen is set to introduce innovative products in 2025, designed to meet the evolving demands of businesses and communities.
Devendra Gupta, CEO and Co-Founder of Ecozen, said: "This funding validates the trust our partners place in our ability to drive impactful innovation. The capital will help us scale our operations, reach new markets, and empower customers with sustainable solutions. We are grateful for the support of responsAbility, Northern Arc, Maanaveeya, and our existing partners who share our vision of creating lasting positive change."
Neha Baid, Team Head, Sustainable Food Debt, APAC, responsAbility Investments AG, emphasized: "Ecozen’s innovative solutions align with our mission to support ventures focused on climate mitigation and resilience. We are proud to be part of their journey to empower rural and industrial stakeholders through advanced technology."
Ashish Mehrotra, MD & CEO of Northern Arc Capital, added: "Our partnership with Ecozen underscores our commitment to addressing climate change. Through our $125 million climate fund, we aim to support businesses like Ecozen in driving sustainable growth and creating a greener future."
Dr. Gouri Sankar, Managing Director of Maanaveeya Development & Finance Private Limited, highlighted: "Ecozen exemplifies how innovative technology can address real-world challenges. We are excited to support their continued growth and impact in sustainability."
With a robust in-house R&D team, Ecozen is refining proprietary components in powertrain and battery technology. The company, which has already served over 40,000 customers, aims to increase its market share in India while exploring export opportunities in Europe and SAARC countries.
