Ecofy has raised ₹380.5 crore in fresh equity funding to accelerate its expansion in India’s sustainable lending ecosystem, reinforcing its position in the rapidly growing green finance segment.
Strong Backing from Global Investors
The funding round witnessed participation from leading international development finance institutions, including British International Investment and Finnfund through its Digital Access Impact Fund I.
Existing investor Eversource Capital also participated, underlining continued confidence in Ecofy’s business model and growth trajectory.
Focus on Expanding Green Lending Portfolio
The company plans to deploy the capital across key high-growth segments, including:
- Rooftop solar financing
- Electric vehicle (EV) loans
- Lending to small and medium enterprises (SMEs)
This expansion is aligned with increasing demand for sustainable financing solutions and aims to deepen Ecofy’s footprint across priority green sectors.
Strengthening Financial Position
Post fundraise, Ecofy’s capital adequacy ratio is expected to rise to approximately 50%, significantly enhancing its balance sheet strength. This improved capital base will enable the company to scale operations efficiently and pursue new growth opportunities with greater flexibility.
Growth and Market Presence
Within three years of operations, Ecofy has built a retail-focused green finance platform serving over 1.2 lakh customers. Its portfolio spans:
- Solar energy solutions
- Electric mobility financing
- Other sustainable asset classes
The company’s growth reflects a strategic focus on expanding access to clean financing solutions while contributing to India’s broader sustainability goals.
Summary
Ecofy has raised ₹380 crore from global and existing investors to expand its green finance operations in India. The funds will support growth across solar, EV, and SME financing segments, while strengthening its balance sheet and positioning it for continued expansion in the sustainable lending space.
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