Ecozen funding, investors and company details

Ecozen is an emerging Solar startup from Mumbai, working in the space of Provides Rooftop solar panels, air conditioners, cold storage units, and solar water pumps. Founded by Devendra Gupta, Prateek Singhal, Vivek Pandey.

Company: Ecozen Solutions Private Limited
Sector: Solar
Location: Mumbai
Founders: Devendra Gupta, Prateek Singhal, Vivek Pandey
Total funding raised: ₹973.11 Cr

Company overview

Ecozen was established in 2010 and offers small and marginal farmers solar-powered solutions. Rooftop solar panels, air conditioners, cold storage units, and solar water pumps are among its product offerings. The company claims to have produced over 3 lakh Ecotron solar pump controllers as of January 2025, with 1 lakh of those produced between March and December 2024 alone.

Funding rounds

Latest round (Debt): ₹125.00 Cr. ($ 13.05 Mn), 2026-07-18. Investors: Rajiv Poddar, Indel Money, Kredere Wealth Partner, Incred Financial Services, Manba Finance, Sovereign Pharma
Past round: ₹111.60 Cr. ($ 12.87 Mn), 2025-11-12. Investors: UTI International Wealth Creator, Spark Alternative Investment fund
Past round: $ 23.00 Mn (₹199.09 Cr.), 2025-01-15. Investors: responsAbility Investments AG, Northern Arc, Maanaveeya Development & Finance Private Limited
Past round (Debt & Equity): $ 30.00 Mn (₹250.35 Cr.), 2024-04-20. Investors: Nuveen, InCred Capital, The United States International Development Finance Corporation (DFC)
Past round (Debt & Equity): $ 25.00 Mn (₹204.35 Cr.), 2023-01-24. Investors: Hivos-Triodos Fonds, India EXIM Bank, Caspian Impact Investments, Dare Ventures
Past round (Series C): $ 10.00 Mn (₹82.72 Cr.), 2022-12-28. Investors: Dare Ventures, Caspian Impact Investments