What is Ecofy?
Ecofy operates as a specialized financial services provider dedicated to facilitating the adoption of sustainable technologies. The company offers a comprehensive suite of green loans tailored for individuals and small businesses, covering critical areas such as electric vehicle (EV) financing for two and three-wheelers, as well as solar energy infrastructure for residential and commercial properties. By integrating domain expertise with accessible credit, Ecofy addresses the financial barriers that often impede the transition to sustainable living. Its market position is defined by a dual focus on environmental impact and financial inclusion, positioning it as a critical enabler for the green energy transition in its target markets.
How much funding has Ecofy raised?
Ecofy has raised a total of $65.3M across 3 funding rounds:
Debt
$10.8M
Debt
$12.5M
Series B
$42M
Debt (2024): $10.8M with participation from FMO - Dutch Entrepreneurial Development Bank
Debt (2025): $12.5M led by IFU's
Series B (2026): $42M supported by Finnfund, British International Investment, FMO - Dutch Entrepreneurial Development Bank, and Eversource Capital
Key Investors in Ecofy
Finnfund
Finnfund is a development financier and impact investor that aims to build a sustainable future by investing in companies that address global development challenges.
British International Investment
British International Investment is the development finance institution of the UK government, focused on fostering sustainable economic growth in emerging markets.
FMO - Dutch Entrepreneurial Development Bank
FMO is a Dutch entrepreneurial development bank that provides long-term loans and equity investments to stimulate sustainable private-sector development in emerging markets.
What's next for Ecofy?
With the successful closure of this major enterprise-level funding, Ecofy is poised to scale its operations significantly. The strategic roadmap likely involves expanding its product portfolio to include more diverse green asset classes and enhancing its digital lending infrastructure to improve customer acquisition efficiency. As the demand for sustainable financing continues to rise, Ecofy is expected to leverage its strong backing from impact-focused institutional investors to deepen its market penetration. The focus will remain on maintaining high-quality loan books while scaling the volume of green assets financed, ultimately driving long-term value for both its stakeholders and the environment.
See full Ecofy company page
