Debt financing
Climate tech startup Ecozen raises Rs.95-Cr from Momentum Capedge
Pune-based Ecozen has raised INR 95 crore in debt funding from Momentum Capedge Limited. The debt round involves the issuance of 950 Series E non-convertible debentures (NCDs) at a face value of INR 10 lakh each, with an interest rate of 11.5% per annum and a 27-month tenure. The total funding includes a green shoe option of up to INR 25 crore.Founded in 2010 by Devendra Gupta, Ecozen is a climate-focused deep-tech startup that provides solutions built on motor controls, IoT, and energy storage, leveraging solar power. Its products include Ecotron (solar pump controller), Ecofrost (solar cold storage), solar AC, and solar panels. For FY25, Ecozen's operating scale was INR 889 crore, and its profits were INR 95 crore. Ecozen competes with Powerflex, Inficold, and Khetworks.The company plans to use the debt proceeds for immediate capital requirements to aid business growth.
Between Dec-13 and Nov-25, Ecozen Solutions had attracted about USD 108.02 M from Northern Arc Capital, responsAbility, Dare Ventures, DFC, InCred Alternatives, Caspian Advisors,Dare Ventures, TIAA, Triodos, HDFC Bank, Omnivore Partners, Sathguru Catalyser IFA Fund, Villgro, others.
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