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Ecozen Secures Rs23 Million in Debt Funding to Advance Clean Energy Technology
Jan 17, 2025
Pune-based clean energy company Ecozen has raised over Rs23 million in debt funding from responsAbility Investments, Northern Arc Capital, and Maanaveeya Development & Finance. The funds will scale its flagship solutions like Ecotron, Ecofrost, and advanced motor controls, along with expanding operations in India and globally.
Ecozen has achieved an 83% revenue CAGR in three years and produced over 300,000 Ecotron solar pump controllers, reducing over 2 million MT of greenhouse gases. This follows earlier funding rounds, including Rs30 million in 2024 and $25 million in 2023, to support its clean energy innovations.