Amount Raised
$25 Million
Round Type
Funding Round
PuneEnergySolarInvestors
Description
Ecozen, a maker of solar-powered cold-storage rooms among other products, on Tuesday said it has closed a Series C funding round of $25 million led by Nuveen and Dare Ventures in equity and debt.The Pune-headquartered company had kicked off the planned funding round with a first tranche of about $6.5 million last June.Other investors who participated in the round include the Indian government’s Exim Bank, agri-finance startup Samunnati, impact fund Caspian, Dutch fund Hivos-Triodos, impact lender Maanaveeya Development and Finance, small and medium business lender Oxyzo, and non banking finance company Northern Arc group.Early investors Omnivore and Innovation in Food & Agriculture Fund (IFA Fund) scored partial exits with the new funding round, per a statement. The two had invested $6 million in Ecozen’s Series A round in December 2019.Ecozen was founded in 2010 by three IIT Kharagpur alumni: Devendra Gupta, Prateek Singhal and Vivek Pandey. It develops climate-smart deeptech solutions for motor controls, IoT, and energy storage. With its cold-chain solution Ecofrost and irrigation solution Ecotron, Ecozen claims to have improved the incomes of over 120,000 farmers.The startup also claims to have helped generate over 1 billion units of clean energy (kWh), prevented over 20,000 tonnes of food loss, and reduced over 1 million tonnes of GHG emissions
Quick answer
Ecozen raised $25 Million in a Funding Round round, dated January 24, 2023. Investors: Ecotron, Innovation In Food & Agriculture Fund, Omnivore, Northern Arc Group, Oxyzo, Maanaveeya Development And Finance, Impact Lender and Dutch Fund Hivos Triodos. Ecozen is based in Pune, Maharashtra, India.
- How much did Ecozen raise?
- Ecozen raised $25 Million in a Funding Round round on January 24, 2023.
- Who invested in Ecozen?
- Ecotron, Innovation In Food & Agriculture Fund, Omnivore, Northern Arc Group, Oxyzo, Maanaveeya Development And Finance, Impact Lender and Dutch Fund Hivos Triodos 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.
- Inbalance grid raised $1.4M (Seed) on March 5, 2023.
- NovoHydrogen raised an undisclosed amount (Seed) on February 7, 2023.
- RE Royalties Ltd raised $100K (Seed) on February 3, 2023.
- Energy X raised $20M (Funding Round) on February 1, 2023.
- Samara raised $4.8M (Seed) on December 26, 2022.
- Ascent Solar Technologies raised $50M on December 20, 2022.
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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Fundz sees it the moment Ecozen raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
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