+
Ecozen aims to raise $75 mn to drive growth and expand market reach
ECONOMY & POLICY

Ecozen aims to raise $75 mn to drive growth and expand market reach

Ecozen, a solar solutions provider, is planning to raise approximately $75 million to support its expansion across domestic and international markets, according to a company official.

Headquartered in Pune, Ecozen specializes in providing cold storage solutions powered by clean energy. CEO Devendra Gupta shared that the company is exploring a private investment of around $75 million to drive growth, develop partnerships, and offer customer financing.

The funds will be allocated toward expanding Ecozen's production facility, broadening its product offerings, and strengthening its market presence both within India and abroad. Gupta also noted that Ecozen’s current production facility spans 100,000 square feet and that the company aims to diversify into new product categories across multiple sectors.

In the retail sector, Ecozen has introduced advanced freezer solutions, while in the mobility space, the company is utilizing its expertise in motor controllers and battery analytics tools to improve electric vehicle efficiency and support fleet management. Additionally, Gupta indicated that Ecozen is investigating retrofitting options to increase the adaptability of its solutions.

Currently, Ecozen operates in over 13 countries with plans to further expand internationally. Within India, the company has a presence in around 13 states, including Maharashtra, Odisha, Karnataka, and Rajasthan.

Ecozen, a solar solutions provider, is planning to raise approximately $75 million to support its expansion across domestic and international markets, according to a company official. Headquartered in Pune, Ecozen specializes in providing cold storage solutions powered by clean energy. CEO Devendra Gupta shared that the company is exploring a private investment of around $75 million to drive growth, develop partnerships, and offer customer financing. The funds will be allocated toward expanding Ecozen's production facility, broadening its product offerings, and strengthening its market presence both within India and abroad. Gupta also noted that Ecozen’s current production facility spans 100,000 square feet and that the company aims to diversify into new product categories across multiple sectors. In the retail sector, Ecozen has introduced advanced freezer solutions, while in the mobility space, the company is utilizing its expertise in motor controllers and battery analytics tools to improve electric vehicle efficiency and support fleet management. Additionally, Gupta indicated that Ecozen is investigating retrofitting options to increase the adaptability of its solutions. Currently, Ecozen operates in over 13 countries with plans to further expand internationally. Within India, the company has a presence in around 13 states, including Maharashtra, Odisha, Karnataka, and Rajasthan.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?