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Ecozen Secures $30M to Scale Climate-Smart Agritech Solutions
Pune-based agritech firm Ecozen has raised $30 million in a combination of equity and debt round led by US-based global investment manager Nuveen. InCred Credit Fund and U.S. International Development Finance Corporation also provided debt support.
Founded in 2010, Ecozen specializes in climate-smart deep-tech solutions for agriculture, notably through its solar-powered systems, Ecotron and Ecofrost. These innovations have revolutionized India's irrigation and cold chain industries, benefiting over 180,000 farmers.
With the new funding, Ecozen plans to scale its operations, deepen market penetration domestically and internationally, and expand its offerings into cleaner energy segments.