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
Real Estate

GCCs to create 4.25-4.5 lakh jobs in 2024, 1 million by 2030: NLB

GCC 4.0 is expected to create 4.25–4.5 lakh new jobs this year, with 35 per cent of GCCs eyeing 50-100 per cent workforce expansion, says, ‘India’s Talent Takeoff-The GCC 4.0 story’ report by NLB Services, a leading global technology and digital talent solutions provider. The report is an in-depth analysis of hiring trends in the GCC segment for CY2025 and the outlook till CY2030. The report states that fuelled by its vast skilled workforce and supportive policies, India has emerged as the top GCC destination, and GCCs are expected to generate 1 million jobs in the next six years...

Next Story
Infrastructure Urban

BorgWarner to Supply Transfer Cases for SAIC Maxus Exports

BorgWarner is supporting SAIC Maxus by supplying its locally developed and manufactured transfer cases. BorgWarner will provide SAIC Maxus with two types of transfer cases: an on-demand transfer case with mechanical locking and a high-torque part-time transfer case. Mass production is expected to begin in Q3 2026. “BorgWarner’s relationship with SAIC Maxus spans more than a decade. Our transfer case technology not only supports SAIC Maxus in strengthening its position in the Chinese market but also empowers its expansion into overseas markets,” said Isabelle McKenzie, Vice President of ..

Next Story
Real Estate

Residential Supply Near Employment Hubs in NCR Soars

Magicbricks, India’s leading real estate platform, has revealed significant growth in residential demand and supply across key areas in the National Capital Region (NCR), particularly in locations near IT parks, industrial zones, and commercial hubs. These strategically located regions, benefiting from superior connectivity and infrastructure development, are attracting homebuyers and investors alike. According to the latest insights, Techzone 4, Greater Noida has recorded a remarkable 449 per cent Year-on-year (YoY) increase in supply, while Sector 89, New Gurugram has reported a 300% YoY ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?