Ecofy

Mumbai, India Founded: 2022 • Age: 4 yrs
Financial solutions for the electric vehicle, solar, and SME sectors
Annual revenue - Latest available
Total funding $52.8M 4 rounds
Employees 116 Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 6 Brand Intelligence

About Ecofy

Ecofy is a company based in Mumbai (India) founded in 2022 by Rajashree Nambiar and Govind Sankaranarayanan. Ecofy has raised $52.82 million across 4 funding rounds from investors including FMO, IFU and British International Investment. The company has 116 employees as of March 28, 2024. Ecofy has completed 1 acquisition, including Autovert. Ecofy operates in a competitive market with competitors including Two Point O Capital, Saurja, Lytyfy, Amplify Energy Innovations and Digiup, among others.

  • Headquarter Mumbai, India
  • Employees 116 as on 28 Mar, 2024
  • Founders Rajashree Nambiar, Govind Sankaranarayanan
  • Sectors
    Financial Services
    Energy & Utilities
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Ecofy Finance Private Limited
  • Date of Incorporation 17 Mar, 2022
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $52.82 M (USD)

    in 4 rounds

  • Latest Funding Round
    Not available
  • Investors
    FMO

    & 4 more

  • Employee Count
    116

    as on Mar 28, 2024

  • Investments & Acquisitions
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People of Ecofy

Headcount 50-200
Employee Profiles 2
Employee Profiles
People
Indrani Gogoi
Product Manager

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Teams

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Funding Insights of Ecofy

Ecofy has successfully raised a total of $52.82M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Ecofy

Ecofy has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include FMO, IFU and British International Investment.

All
Venture Fund
Investor Description Founded Year Domain Location
Private equity investment firm
Locked Locked Locked
Development financing is provided for entrepreneurial ventures in emerging markets.
Locked Locked Locked
-
Locked Locked Locked
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Investor details for Ecofy

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Investments & Acquisitions by Ecofy

Ecofy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Autovert.

Investments
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Investment portfolio details for Ecofy

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Online platform for electric vehicles financing
Locked Locked 2016 Locked
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Complete acquisition details for Ecofy

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Financial Statements - Ecofy

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Detailed financials for Ecofy

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Ecofy Comparisons

Ecofy Primary company
Description
Financial solutions for the electric vehicle, solar, and SME...
Location
Mumbai, India
Founded Year
2022
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
116
As of 2024
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Peer comparison for Ecofy

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Competitors of Ecofy

Ecofy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Two Point O Capital, Saurja, Lytyfy, Amplify Energy Innovations and Digiup, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Financing solutions for energy transition and sustainable growth are provided.
Locked Locked Locked
Operational infrastructure solutions for solar energy projects are provided.
Locked Locked Locked
Facilitates a peer-to-peer social crowdfunding platform for community-driven funding.
Locked Locked Locked
Operates a solar energy marketplace connecting customers, financers, and manufacturers.
Locked Locked Locked
Offers digital, technology, and finance solutions to tackle sustainability challenges effectively.
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Detailed competitors of Ecofy

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Latest news on Ecofy

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Complete news archive for Ecofy

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Frequently Asked Questions about Ecofy

Ecofy was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Ecofy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Rajashree Nambiar is the current CEO of Ecofy. They have also founded this company.

Ecofy is a funded company, having raised a total of $52.82M across 4 funding rounds to date.

As of Mar 28, 2024, the latest employee count at Ecofy is 116.

Financial solutions for the electric vehicle, solar, and SME sectors. It offers funding for the full life-cycle of electric two- and three-wheelers. It provides financial products for rooftop solar installations. It offers solutions for purchasing electric scooters and bikes, featuring flexible EMIs, customizable loan tenures, digital application processes, and value-added services such as annual maintenance contracts and asset buyback options.

Ecofy's top competitors include Two Point O Capital, Lytyfy and Saurja.

Ecofy has made 1 acquisition, including Autovert.

Ecofy has 5 investors. Key investors include FMO, IFU, British International Investment, Finnfund, and EverSource Capital.

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