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
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Sectors
Financial ServicesEnergy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Ecofy Finance Private Limited
- Date of Incorporation 17 Mar, 2022
- Jurisdiction Mumbai, Maharashtra, India
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People of Ecofy
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(12 Jan 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2026 | Amount | Series B - Ecofy | Valuation |
investors |
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| Mar, 2026 | Amount | Series B - Ecofy | Valuation | British International Investment , Finnfund | |
| Mar, 2025 | Amount | Debt – Conventional - Ecofy | Valuation |
investors |
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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
Investments & Acquisitions by Ecofy
Ecofy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Autovert.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online platform for electric vehicles financing
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2016 |
Financial Statements - Ecofy
Ecofy Comparisons
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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financing solutions for energy transition and sustainable growth are provided.
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| domain | founded_year | HQ Location |
Operational infrastructure solutions for solar energy projects are provided.
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| domain | founded_year | HQ Location |
Facilitates a peer-to-peer social crowdfunding platform for community-driven funding.
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| domain | founded_year | HQ Location |
Operates a solar energy marketplace connecting customers, financers, and manufacturers.
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| domain | founded_year | HQ Location |
Offers digital, technology, and finance solutions to tackle sustainability challenges effectively.
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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. The company's 1st funding round was a Debt – Conventional of $12.5M, raised on Jan 12, 2024.
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.