Ecofy, a climate-focused non-banking finance company (NBFC), has raised ₹380.5 crore in fresh equity funding to strengthen its retail green finance business in India.
The investment round included global development finance institutions such as British International Investment and Finnfund’s Digital Access Impact Fund, along with continued backing from Eversource Capital. The company plans to use the funds to expand loans for rooftop solar systems, electric vehicles and sustainable small-business solutions.
said the capital infusion will improve its capital adequacy ratio to about 50 per cent, supporting faster growth. The firm currently serves more than 1.2 lakh customers across various green asset segments nationwide.