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Ecofy, a leading non-banking financial company focused on green finance, has raised INR 380.5 crore in equity to support its expansion in sustainable lending across rooftop solar, electric vehicles, and SME financing. The funding round included new participation from British International Investment (BII) and Finnfund Digital Access Impact Fund I (DAIF), alongside continued backing from existing investor Eversource Capital. With this capital infusion, Ecofy's capital adequacy ratio is expected to rise to around 50 per cent. In three years, the company has served over 1,20,000 customers in India.
Ecofy, a non-banking financial company, announced this week that it has secured INR 380.5 crore in equity funding to expand its green finance business across India. The investment round attracted new participation from two prominent global development finance institutions: British International Investment (BII), the UK's development finance and impact investment organization, and Finnfund Digital Access Impact Fund I (DAIF), managed by Finnfund, Finland's development finance and impact investment institution. Advertisement
Existing investor Eversource Capital, a major sustainable infrastructure investor, also reaffirmed its commitment during this round. Ecofy stated that the investment demonstrates growing international confidence in its retail-focused, differentiated green finance model.
The funds raised will support Ecofy's expansion in rooftop solar installations, electric vehicles financing, and lending to small and medium-sized enterprises. The company highlighted that this growth will be backed by a stronger balance sheet, experienced leadership, robust governance, and a high-performance, purpose-driven operating culture. With this infusion, Ecofy's capital adequacy ratio is projected to reach approximately 50 per cent, strengthening its financial resilience.
Founded with a focus on green finance, Ecofy has, over the past three years, developed India's leading retail-oriented green finance platform. The company now serves over 1,20,000 customers, offering financing for rooftop solar projects, electric vehicles, and other sustainable assets, reflecting its strong market presence and commitment to promoting environmentally responsible finance.
Source PTI
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