Ecofy Raises Rs 380 Crore To Scale Green Lending Across India

Why This News Matters

India’s transition to clean energy is accelerating, but financing continues to be one of the biggest barriers for consumers and small businesses.

Access to affordable credit is critical for adoption of electric vehicles, rooftop solar systems, and energy efficient equipment.

Platforms like Ecofy are stepping in to bridge this gap, making green assets more accessible at scale.

What Ecofy Does

Founded by Rajashree Nambiar and Govind Sankaranarayanan, Ecofy provides loans to individuals and SMEs for electric two and three wheelers, rooftop solar installations, and energy efficient solutions.

The company also supports supply chain financing, creating a broader ecosystem around green adoption.

How The Model Works

Ecofy operates as a technology led lending platform with a strong focus on retail customers.

It partners with banks, financial institutions, and original equipment manufacturers to enable seamless financing at the point of purchase.

This integrated approach allows customers to access loans, leasing options, and structured financing products with ease.

Traction And Growth

Ecofy has served more than 1.2 lakh customers and built assets under management exceeding Rs 1400 crore.

Its network includes partnerships with over 23 banks and financial institutions and more than 100 OEMs.

The company has also collaborated with electric vehicle manufacturers to offer tailored financing options.

What Comes Next

The newly raised capital will be used to strengthen Ecofy’s balance sheet, expand its distribution network, and deepen partnerships across sectors like electric mobility and rooftop solar.

As demand for sustainable solutions grows, Ecofy is positioning itself as a key enabler of India’s green economy.