Ecozen, a provider of climate-smart technology solutions, announced it has secured over $23 million in debt funding from investors including Zurich-based responsAbility Investments AG, Northern Arc Capital, and Maanaveeya Development & Finance. The funds will be directed towards expanding Ecozen’s flagship offerings such as Ecotron, Ecofrost, and advanced motor control systems. Known for its solar pump controllers, solar-powered cold storage systems, and e-bike controllers, the company is positioned to meet the growing demand for sustainable technologies.
With a revenue growth CAGR exceeding 83% over the past three years, Ecozen has manufactured over 300,000 solar pump controllers, including 100,000 units last year alone. CEO and Co-Founder Devendra Gupta remarked, “This funding underscores our partners’ belief in Ecozen’s mission to deliver impactful, sustainable solutions through innovation.”
The company, a Pune-based clean energy solutions provider, specializes in innovative solar-powered technologies, particularly in the areas of cold storage and renewable energy solutions. The company’s flagship products, including solar-powered cold storage units, help farmers and businesses reduce energy costs and minimize post-harvest losses, contributing to sustainable agriculture.
Ecozen has also ventured into advanced solutions for retail, mobility, and electric vehicle efficiency, utilizing its expertise in motor controllers and battery analytics. With a production facility of 1 lakh square feet, the company is actively expanding its product range and market presence in both domestic and international markets. Operating in over 13 countries and across multiple Indian states, Ecozen is poised for further growth, driven by its commitment to clean energy and sustainable innovation.
