Ecofy has raised Rs 3.8 billion in fresh equity funding. The investment round included participation from two global development finance institutions: British International Investment (BII), the United Kingdom’s development finance institution and impact investor, and the Finnfund Digital Access Impact Fund I (DAIF), the Finnish development finance institution.
Both organisations have joined the company as new investors. The funding round also saw continued support from existing investors Eversource Capital and FMO. The newly raised capital will support the company’s expansion in key green financing segments such as rooftop solar, electric vehicles and small and medium enterprise lending.
In March 2025, Ecofy Finance secured a long-term loan of $12.5 million from Denmark’s Investment Fund for developing countries. The funding will be used to expand Ecofy’s loan portfolio for electric vehicles and rooftop solar systems, with a portion allocated to assisting individuals and small and medium-sized enterprises that lack financial resources to adopt green solutions.
