Ecofy Finance, a non-banking financial company specializing in climate change solutions, is set to raise Rs 380 crore (approximately $43 million) in its Series B equity round. The funding round is led by British International Investment, with other investors including Finnfund Digital Access Impact Fund, FMO, and Green Growth Equity Fund. After this fundraising, Ecofy’s valuation is estimated to be around Rs 800 crore or $89 million.
Ecofy aims to support sustainable growth by investing in projects and businesses in developing markets. The fresh capital will be utilized for working capital needs. The company provides financing for various climate initiatives such as electric vehicles, rooftop solar systems, energy-efficient equipment, and waste recycling.
In the past, Ecofy has secured funding from various sources, including equity funding and long-term loans. The company has seen significant revenue growth, reaching Rs 93.3 crore in FY25. However, losses also increased during the same period. Ecofy’s focus on sustainable financing aligns with the growing demand for environmentally friendly solutions in the market.
Source: Entrackr : Latest Posts