Ecozen Raises $23 Mn to Accelerate Climate-Smart Solutions Expansion
20 Jan 2025
2 Min Read
CW Team
Ecozen, a leader in climate-smart technology solutions, has secured over $23 million in debt funding from responsAbility Investments AG, Northern Arc Capital Limited, Maanaveeya Development & Finance Private Limited, and other investors. The capital will help the company expand its existing operations and strengthen its position in the sustainable technology sector.
Over the past three years, Ecozen has experienced an impressive compound annual growth rate (CAGR) of more than 83% in revenue. The company has produced over 300,000 Ecotron solar pump controllers to date, including 100,000 units between March and December 2024. These technologies have been instrumental in reducing over 2 million metric tons of greenhouse gas emissions, with 660,000 metric tons of GHG reductions in 2024 alone.
Ecozen鈥檚 Omni controller is helping to drive solar energy adoption across multiple sectors, positioning the company for further market growth. In 2025, Ecozen plans to broaden its product range with new innovations that address the changing needs of businesses and communities while maintaining a firm commitment to sustainability.
Devendra Gupta, CEO and Co-Founder of Ecozen, said, "This funding demonstrates the confidence our partners have in Ecozen鈥檚 ability to drive significant change through innovation. We鈥檙e excited about our rapid growth trajectory, fueled by the rising demand for sustainable solutions. This capital will allow us to scale up our operations and expand our impact both in India and internationally."
Neha Baid, Team Head, Sustainable Food Debt, APAC, at responsAbility Investments AG, commented, "Ecozen鈥檚 innovative solutions align perfectly with our commitment to backing impactful ventures focused on climate mitigation, reducing food loss and waste, and promoting climate resilience."
Ashish Mehrotra, MD & CEO of Northern Arc Capital, stated, "We are thrilled to support Ecozen as they work towards creating a lasting sustainable impact through innovative technologies. With the launch of our $125 million climate fund, we aim to empower enterprises like Ecozen to thrive and grow."
Dr. Gouri Sankar, Managing Director of Maanaveeya Development & Finance Private Limited, added, "Ecozen exemplifies how cutting-edge technology can address real-world challenges. We are eager to see them expand their impact in the years ahead."
Ecozen, a leader in climate-smart technology solutions, has secured over $23 million in debt funding from responsAbility Investments AG, Northern Arc Capital Limited, Maanaveeya Development & Finance Private Limited, and other investors. The capital will help the company expand its existing operations and strengthen its position in the sustainable technology sector.
Over the past three years, Ecozen has experienced an impressive compound annual growth rate (CAGR) of more than 83% in revenue. The company has produced over 300,000 Ecotron solar pump controllers to date, including 100,000 units between March and December 2024. These technologies have been instrumental in reducing over 2 million metric tons of greenhouse gas emissions, with 660,000 metric tons of GHG reductions in 2024 alone.
Ecozen鈥檚 Omni controller is helping to drive solar energy adoption across multiple sectors, positioning the company for further market growth. In 2025, Ecozen plans to broaden its product range with new innovations that address the changing needs of businesses and communities while maintaining a firm commitment to sustainability.
Devendra Gupta, CEO and Co-Founder of Ecozen, said, This funding demonstrates the confidence our partners have in Ecozen鈥檚 ability to drive significant change through innovation. We鈥檙e excited about our rapid growth trajectory, fueled by the rising demand for sustainable solutions. This capital will allow us to scale up our operations and expand our impact both in India and internationally.
Neha Baid, Team Head, Sustainable Food Debt, APAC, at responsAbility Investments AG, commented, Ecozen鈥檚 innovative solutions align perfectly with our commitment to backing impactful ventures focused on climate mitigation, reducing food loss and waste, and promoting climate resilience.
Ashish Mehrotra, MD & CEO of Northern Arc Capital, stated, We are thrilled to support Ecozen as they work towards creating a lasting sustainable impact through innovative technologies. With the launch of our $125 million climate fund, we aim to empower enterprises like Ecozen to thrive and grow.
Dr. Gouri Sankar, Managing Director of Maanaveeya Development & Finance Private Limited, added, Ecozen exemplifies how cutting-edge technology can address real-world challenges. We are eager to see them expand their impact in the years ahead.
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