Ecofy funding, investors and company details

Ecofy is an emerging Financial Services - Fintech - Lending startup from Mumbai, working in the space of Green-focused non-banking financial company (NBFC). Founded by Govind Sankaranarayanan, Rajashree Nambiar.

Company: Ecofy Finance Private Limited
Sector: Financial Services - Fintech - Lending
Location: Mumbai
Founders: Govind Sankaranarayanan, Rajashree Nambiar
Total funding raised: ₹720.49 Cr

Company overview

Ecofy is a green-focused non-banking financial company (NBFC) in India that provides financing solutions to individuals and businesses aiming to reduce their carbon footprint. It offers loans for eco-friendly assets like electric vehicles (two and three-wheelers), rooftop solar panels, and energy-efficient SME projects. Ecofy emphasizes quick, transparent, and paperless loan processes to support sustainable living and green business growth. With a nationwide presence, strategic partnerships, and backing from climate-focused investors, Ecofy is dedicated to accelerating India’s transition to a low-carbon, net-zero economy by funding environmentally responsible choices.

Funding rounds

Latest round: $ 15.00 Mn (₹143.16 Cr.), 2026-05-07. Investors: Mirova
Past round (Series B): ₹380.50 Cr. ($ 41.25 Mn), 2026-03-16. Investors: Eversource Capital, Finnfund, Dutch development bank FMO
Past round: $ 12.50 Mn (₹106.83 Cr.), 2025-03-25. Investors: Investment Fund for Developing Countries (IFU)
Past round: ₹90.00 Cr. ($ 10.83 Mn), 2024-01-24. Investors: Dutch development bank FMO