Ecozen Raises ₹125 Crore Through NCDs to Strengthen Growth and Working Capital

Ecozen Funding News: Pune-based climate-tech startup Ecozen is set to raise ₹125 crore (around $13.2 million) in debt financing to strengthen its growth plans and meet working capital requirements. The funding round is led by Rajiv Poddar, with participation from Indel Money, InCred Finance, Kredere Wealth Partner, Sovereign Pharma, Manba Finance, and several other investors. The latest fundraising comes just six months after Ecozen raised ₹95 crore in debt financing from Momentum Capedge Limited in January 2026, highlighting continued investor confidence in India's fast-growing climate-tech sector.

Ecozen ₹125 Crore Debt Funding: Key Highlights

Particular	Details
Company	Ecozen
Funding Type	Debt Financing (Non-Convertible Debentures)
Amount	₹125 crore (Approx. $13.2 million)
Instrument	Up to 1,250 Non-Convertible Debentures (NCDs)
Face Value per NCD	₹10 lakh
Lead Investor	Rajiv Poddar
Previous Debt Round	₹95 crore (January 2026)
Purpose	Growth initiatives and working capital
Headquarters	Pune, Maharashtra

Rajiv Poddar Leads Ecozen's ₹125 Crore Debt Round

According to regulatory filings, Ecozen plans to issue up to 1,250 secured Non-Convertible Debentures (NCDs) with a face value of ₹10 lakh each, raising an aggregate of ₹125 crore across three series.

The debt round is being backed by a diversified group of institutional and individual investors.

Investor	Investment
Rajiv Poddar	₹31 crore
Indel Money	₹21 crore
Kredere Wealth Partner Ltd	₹16 crore
Sovereign Pharma Pvt Ltd	₹15 crore
InCred Finance	₹10 crore
Manba Finance Ltd	₹10 crore
Other Investors	₹22 crore

The remaining investment will come from Kaushik Deva, Rama Pyarelal Tiwari, Faarah Yohan Sachdev, Rajul Narendra Mehta, and Rama Iyer and Sunita Family Private Trust.

Funds to Support Business Expansion and Working Capital

Ecozen said the proceeds from the latest debt financing will primarily be used to strengthen working capital, support business expansion, and accelerate the deployment of its climate-smart technology solutions.

The company has been rapidly expanding its presence across India's agriculture, renewable energy, and cold-chain sectors, making additional capital essential to meet growing customer demand.

Use of Funds	Objective
Working Capital	Support day-to-day operations
Business Expansion	Scale climate-tech solutions
Growth Capital	Expand market presence
Product Deployment	Increase adoption of solar-powered technologies

What Does Ecozen Do?

Founded by Devendra Gupta, Ecozen develops climate-smart deep-tech solutions powered by solar energy, IoT, motor control systems, and energy storage technologies.

Its products are designed to improve agricultural productivity while reducing dependence on conventional energy sources.

Ecozen's Major Products

Product	Purpose
Ecotron	Solar pump controller
Ecofrost	Solar-powered cold storage solution
Solar Air Conditioners	Energy-efficient cooling
Solar Panels	Renewable energy generation
IoT-Based Energy Solutions	Smart energy management

The company serves farmers, agribusinesses, food supply chains, and commercial enterprises by providing sustainable energy solutions.

Strong Financial Growth Boosts Investor Confidence

Ecozen has emerged as one of India's fastest-growing climate-tech startups.

For FY25, the company reported exceptional financial performance.

Financial Metric	FY25	FY24	Growth
Operating Revenue	₹1,150 crore	₹458.5 crore	2.5x
Net Profit	₹95 crore	Around ₹20 crore	4.7x

The company is yet to announce its FY26 financial results, but the continued inflow of debt capital indicates strong lender confidence in its business model and future growth trajectory.

Ecozen's Funding Journey

Ecozen has consistently attracted both equity and debt investors to support its expansion.

Funding Milestone	Details
Total Capital Raised	Over $100 million
Latest Debt Round	₹125 crore
Previous Debt Round	₹95 crore (January 2026)
Major Investors	Nuveen, Omnivore, Dare Ventures

The company has built a strong investor base comprising venture capital firms, impact investors, and financial institutions focused on sustainability and clean energy.

Competitive Landscape

Ecozen operates in India's rapidly expanding climate-tech and clean energy ecosystem, competing with several companies focused on sustainable agriculture and renewable energy solutions.

Company	Segment
Ecozen	Climate-Tech & Solar Solutions
Powerflex	Renewable Energy
Inficold	Cold Chain Technology
Khetworks	AgriTech

Growing government support for renewable energy, sustainable farming, and climate-resilient infrastructure is expected to create significant long-term opportunities for companies operating in this sector.

Outlook

Ecozen's proposed ₹125 crore debt financing marks another important milestone in its growth journey as it continues to expand its climate-smart technology platform across India. Backed by strong revenue growth, rising profitability, and support from leading investors such as Nuveen, Omnivore, Dare Ventures, and now Rajiv Poddar-led lenders, the company is well positioned to capitalize on increasing demand for clean energy, solar-powered agriculture, and sustainable cold-chain solutions. Investors and industry observers will closely watch Ecozen's FY26 financial performance, product expansion, and future fundraising initiatives as India's climate-tech ecosystem continues to mature.

1. How much funding is Ecozen raising?

Ecozen is set to raise ₹125 crore (approximately $13.2 million) through debt financing.

2. Who is leading Ecozen's latest funding round?

The debt round is being led by Rajiv Poddar, with participation from Indel Money, InCred Finance, Kredere Wealth Partner, Sovereign Pharma, Manba Finance, and other investors.

3. How will Ecozen use the funds?

The company plans to use the proceeds for working capital, business expansion, and scaling its climate-tech solutions.

4. What products does Ecozen offer?

Ecozen develops Ecotron solar pump controllers, Ecofrost solar cold storage systems, solar air conditioners, solar panels, and IoT-enabled energy solutions.

5. How did Ecozen perform in FY25?

Ecozen reported ₹1,150 crore in operating revenue, up 2.5x year-on-year, while net profit surged 4.7x to ₹95 crore, reflecting strong business momentum.