Climate Tech Startup Ecozen Raises $23 Mn Debt Funding

Climate-focused deep tech startup Ecozen has raised over $23 million in debt funding from a group of prominent investors, including responsAbility Investments AG, Northern Arc Capital Limited, Maanaveeya Development & Finance Private Limited and others. 

The startup plans to use the funds to grow its current business and strengthen its focus on sustainable technologies.

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Devendra Gupta, CEO and Co-Founder of Ecozen, said, "This funding reaffirms the confidence our partners have in Ecozen's ability to drive impactful change through innovation. We are excited to be on a rapid growth path, driven by the increasing need for sustainable, climate-smart solutions. This funding will help us reach more people, expand our operations and strengthen our impact in India and beyond."

Neha Baid, Team Head of Sustainable Food Debt at responsAbility Investments AG, remarked, "Ecozen's innovative solutions resonate deeply with our commitment to support sustainable and impactful ventures focused on climate mitigation and food loss reduction. We are proud to contribute to their journey of empowering rural and industrial stakeholders with advanced climate-smart technologies."

Ashish Mehrotra, MD and CEO of Northern Arc Capital, added, "This partnership underscores our unwavering commitment to addressing climate change and fostering climate-first businesses. We aim to empower enterprises like Ecozen to grow and prosper, contributing meaningfully to a greener, more resilient future for all."

Ecozen plans to expand its product range in 2025, launching new technologies to meet the changing needs of communities and businesses. With the continued success of its solar-powered irrigation and cold storage systems, Ecozen is set to explore new market opportunities and continue its mission to promote climate-smart solutions worldwide.

About Ecozon

Pune-based Ecozen was founded in 2010 by Devendra Gupta, Prateek Singhal and Vivek Pandey, it provides climate-smart tech solutions and key technologies like motor controls, IoT and solar-powered energy storage. Its main products are Ecotron and Ecofrost.

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The company says it has made over 300,000 Ecotron solar pump controllers, with 100,000 units produced in the last year. These solutions have helped reduce more than 2 million metric tons of greenhouse gases (GHG), including 660,000 metric tons in 2024 alone.

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