Ecozen

Overview

Ecozen is a climate-smart technology company based in Pune, India, focusing on sustainable solutions for agriculture and other industries. Founded in 2010 by IIT Kharagpur alumni Devendra Gupta, Prateek Singhal, and Vivek Pandey, the company has raised significant capital to support its innovative solutions, with a recent $23 million funding round completed in January 2025. Ecozen specializes in solar-powered solutions such as irrigation systems and cold storage units, targeting increased productivity and reduced post-harvest losses.

Recent Developments

January 2025: Ecozen secured over $23 million in debt funding from prominent investors including responsAbility Investments AG, Northern Arc Capital, and Maanaveeya Development & Finance. This investment is aimed at scaling up Ecozen's flagship products such as Ecotron and Ecofrost, enhancing their market presence globally.
2024: The company reported significant progress in emissions reduction, abating over 2 million metric tons of greenhouse gases, with a remarkable reduction of 660,000 metric tons in that year alone.
2023: Ecozen expanded its offerings to include advanced motor control systems across different industries, significantly increasing its market base.
2022: The company completed a Series C funding round, led by Nuveen and participated by India Exim Bank, amongst others, focusing on scaling its innovative technology stacks.

Attribute	Information
Founding Date	2010
Headquarters	Pune, India
Founders	Devendra Gupta, Prateek Singhal, Vivek Pandey
Revenue	Rs 464.45 crore (2024)
Profits	Rs 20.19 crore (2024)
Key Investors	responsAbility Investments AG, Northern Arc Capital, Maanaveeya Development & Finance
Industry	Climate-Smart Technology
Number of Employees	Not publicly disclosed

Early History

Ecozen was founded in 2010 by alumni from IIT Kharagpur with a vision to revolutionize the agricultural sector through sustainable solutions. The company's initial focus was on developing solar-powered irrigation systems, which rapidly gained traction among small and marginal farmers in India. Over the years, Ecozen expanded its product offerings to include solar cold storage units and other climate-smart technologies, addressing critical issues like post-harvest losses and energy efficiency in agriculture.

Company Profile and Achievements

Ecozen has pioneered numerous sustainable solutions, becoming a key player in the climate-smart technology industry. Notable achievements and product developments include:

Ecotron: A solar-powered pump controller that enhances irrigation efficiency, reducing reliance on conventional power sources.
Ecofrost: A portable solar-powered cold storage solution, mitigating post-harvest losses for perishable goods.
E-Bike Controllers: Expanding into the electric vehicle sector, these controllers cater to the growing demand for sustainable transport solutions.
Achieving a compound annual growth rate (CAGR) of over 83% in revenue over the past three years.

Current Operations and Market Position

Currently, Ecozen continues to focus on expanding its market reach within India and exploring export opportunities in Europe and SAARC nations. The company's robust research and development team works on refining proprietary powertrain and battery technologies, positioning Ecozen for further growth in the climate-smart technology field. The firm's commitment to sustainable innovation and scalability has poised it well in addressing the pressing needs of industries and communities for cleaner, more efficient technology solutions.

Conclusion

Ecozen stands as a beacon of innovation in the field of climate-smart technology, providing impactful solutions that cater to the evolving needs of modern agriculture and sustainability challenges. With a strong foundation, impressive growth trajectory, and robust product offerings, Ecozen is poised for expansion beyond domestic borders, contributing to global efforts toward reducing carbon footprints and maximizing agricultural efficiency. The company's strategic focus on sustainable innovation and market penetration suggests a promising outlook for its role in the climate-smart technology landscape.