Ecozen, a clean energy technology company has raised over $23 million in debt funding, with investors including responsAbility Investments, Northern Arc Capital, and Maanaveeya Development & Finance. The funds will be used to scale Ecozen’s flagship solutions – Ecotron, Ecofrost, advanced motor control systems and to expand its operations within India and internationally.
Ecozen reported a compound annual revenue growth rate exceeding 83 per cent over the past three years. The company has manufactured over 300,000 Ecotron solar pump controllers, with 100,000 units produced between March and December 2024. Its Omni controller allows existing customers to utilise solar energy across multiple applications. Ecozen has claimed to mitigate over 2 million metric tonnes of greenhouse gas emissions to date, including 660,000 metric tonnes in 2024.
In April 2024, Ecozen secured $30 million in a funding round supported by existing equity investors like Nuveen and new debt financing from the InCred Credit Fund and the U.S. International Development Finance Corporation, allocating the funds for scaling the production of solar-powered systems for agricultural irrigation and cold chain solutions.
