EcoZen raises $23 mn from Northern Arc Capital, responsAbility, others

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EcoZen raises $23 mn from Northern Arc Capital, responsAbility, others - Business Standard

Quick Summary:

Climate-smart technology solutions provider Ecozen on Wednesday said it has raised over USD 23 million in debt funding from a bunch of investors including Zurich-based responsAbility Investments AG, Northern Arc Capital and Maanaveeya Development & Finance, among others.

This investment will be utilised for scaling the company's flagship solutions, including Ecotron, Ecofrost, and advanced motor control systems, Ecozen said.

Ecozen's product portfolio includes solar pump controllers and solar cold storage rooms as well as e-bike controllers for a range of industries and needs.