Ecozen raises $30M via debt and equity to cater to growing demand for innovative products and expand market presence
Amount Raised
$30 Million
Round Type
Venture
PuneEnergySolarInvestors
Description
Ecozen, a company that develops climate-smart technology solutions, has raised $30 million in a mix of debt and equity. The funding will be used to cater to the growing demand for Ecozen's innovative products and to further its commitment to climate-smart technology. Ecozen also plans to leverage its tech stack of advanced motors and controls, thermal energy storage, AI, and IoT to enter new segments undergoing a transition to cleaner energy sources. Additionally, the company is set to expand its offerings and market presence into Africa and South-East Asia.
Quick answer
Ecozen raised $30 Million in a funding round, dated April 19, 2024. Investors: US International Development Finance Corporation, In Cred Credit Fund and Nuveen. Ecozen is based in Pune, Maharashtra, India.
- How much did Ecozen raise?
- Ecozen raised $30 Million in a funding round on April 19, 2024.
- Who invested in Ecozen?
- US International Development Finance Corporation, In Cred Credit Fund and Nuveen are named as investors in this round.
- What does Ecozen do?
- Ecozen develops climate-smart deeptech solutions and core technology stacks to deliver a sustainable future, including motor controls, IoT, and energy storage.
- Where is Ecozen based and how big is it?
- Ecozen is based in Pune, Maharashtra, India. Fundz records about 570 employees.
- Who are the decision-makers at Ecozen?
- Fundz holds 1 contact at Ecozen, including the Co Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Solar around the same time
Companies in the same sectors as Ecozen that raised within 45 days of this round, from Fundz verified event records.
- Recurrent Energy raised $500M on June 3, 2024.
- One Energy Enterprises raised $35M (Series A) on May 28, 2024.
- Yellow raised $5M (Seed) on May 9, 2024.
- Aura Power raised $13M (Grant) on May 1, 2024.
- ION Energy Company Limited raised $3M (Series A) on April 29, 2024.
- Pine Gate Renewables raised $650M on April 29, 2024.
Who to call at Ecozen, and when
A new round usually means Ecozen is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ecozen raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ecozen, from your own LinkedIn network
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Related People
Ecozen raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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