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

13 Nov 2024 CW Team

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.

Equipment

07 May 2026

Gainwell Group Launches InfraServe Global

Gainwell Group, one of India's leading capital goods conglomerates with eight decades of nation-building credentials, announced the formal launch of InfraServe Global (ISG). ISG now stands as a distinct and fully dedicated entity — purpose-built to serve the rapidly expanding demands of the infrastructure and construction industries both in India and abroad. The company manufactures, services and distributes products like asphalt and concrete batching plants, road maintenance equipment including micro surfacing machines and crack sealers, crushing and screening equipment, hydraulic attachmen..

Wadhwa, Arisinfra Tie Up for Panvel Township

The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a subsidiary of Arisinfra Solutions Limited, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra.The alliance will focus on providing solutions to monetise inventory worth approximately Rs 6.5 billion, with plans to release additional inventory valued at Rs 4–4.5 billion.Structured as an eight-month engagement, the partnership combines Wadhwa Group’s real estate expertise with ARIS’ Developer-as-a-Service (DaaS) platform to create a p..

Maharashtra Plans ₹600 Crore Skill Centres For Construction Workers

CREDAI Pune hosted its annual Construction Safety Awards in Pune, where Maharashtra Labour Minister Akash Pandurang Fundkar announced plans to invest nearly ₹600 crore in modern skill development centres for construction workers across the state.The event, held at Sheraton Grand Pune, was attended by more than 300 CREDAI members and representatives from the construction sector. The proposed centres are planned for locations including Mumbai and Nagpur and will focus on advanced technologies, modern equipment and workforce training aligned with evolving industry requirements.Fundkar called fo..