Ecozen secures $23 million in funding to drive scale in sustainable technologies, with support from responsAbility, Northern Arc, and Maanaveeya.

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Ecozen, a climate-smart technology solutions provider, has raised over $23 million in debt funding from responsAbility Investments AG, Northern Arc Capital Ltd, Maanaveeya Development & Finance Pvt Ltd, and others.

A media statement said this funding will help Ecozen drive scale in its current businesses while furthering its position as a leader in sustainable technologies.

Ecozen has recorded a CAGR of over 83 per cent in revenue growth over the past three years. The company has manufactured over 3,00,000 Ecotron solar pump controllers to date, with 1,00,000 units produced between March and December 2024. The statement said these innovations have contributed to the abatement of more than 2 million tonnes of greenhouse gases, including a 6,60,000 tonnes in 2024 alone. In addition, Ecozen’s Omni controller is enabling existing customers to utilize solar energy across a broader range of applications, it said.

Quoting Devendra Gupta, CEO and Co-Founder of Ecozen, the statement said: “This funding reaffirms the confidence our partners have in Ecozen’s ability to drive impactful change through innovation. We are excited to be on a rapid growth path, driven by the increasing need for sustainable, climate-smart solutions. This funding will help us reach more people, expand our operations, and strengthen our impact in India and beyond. Our focus has always been on empowering our customers and providing them with the tools they need to thrive in a changing world. I’m truly grateful for the trust and support from our investors—responsAbility, Northern Arc, Maanaveeya and others, including our existing partners, who share our vision and are helping us create lasting positive change.”

Sustainable impact

Neha Baid, Team Head, Sustainable Food Debt, APAC, responsAbility Investments AG, said “Ecozen’s innovative solutions resonate deeply with our commitment to support sustainable and impactful ventures that are focused on climate mitigation, food loss and waste reduction and fostering overall climate resilience. We are proud to contribute to their journey of empowering rural and industrial stakeholders with advanced climate-smart technologies.”

Ashish Mehrotra, MD and CEO, Northern Arc Capital, said Northern Arc is delighted to support Ecozen in their journey of creating a sustainable impact through innovative technologies. “This partnership underscores our unwavering commitment to addressing climate change and fostering climate-first businesses. With the launch of our $125 million climate fund dedicated to supporting businesses that control and mitigate climate change, we aim to empower enterprises like Ecozen to grow and prosper,” Mehrotra added.

Gouri Sankar, MD of Maanaveeya Development & Finance Pvt Ltd, said Maanaveeya has supported businesses that drive social change and economic empowerment over the past four decades. Ecozen exemplifies the potential of innovative technology to solve real-world problems.