Debt financing
Solar solutions provider Ecozen to raise Rs.125-Cr
Pune-based Ecozen Solutions is to raise INR 125 crore in debt financing, led by Rajiv Poddar with an investment of INR 31 crore, with participation from Indel Money, InCred Finance, Kredere Wealth Partner, Sovereign Pharma, Manba Finance, and several individual investors.Founded by Devendra Gupta, Ecozen provides climate-smart deep-tech solutions, including solar pump controllers, solar cold storage, solar AC and solar panels.The company plans to use the new funds to support growth and working capital requirements.
Between Dec 2013 and Nov 2025, Ecozen Solutions had attracted about $119-M from Villgro, Omnivore Partners, Caspian Advisors, HDFC Bank, Dare Ventures, Triodos, UC Inclusive Credit, DFC, InCred Alternatives, Northern Arc Capital and othersFor FY25, Ecozen Solutions had reported about INR 2,284 crore in Operating Income and about INR 343 crore in PAT.
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