Funding · Climate, Energy & Sustainability

Ecozen raises ₹95 crore debt from Momentum Capedge

By Startup Enthusiast · 7 January 2026

What they do

Ecozen makes climate-smart deep-tech products like solar pump controllers and cold storage

It raised ₹95 crore debt from Momentum Capedge Limited, its third debt round in 12 months

The company's FY25 operating revenue jumped 2.5X to ₹1,150 crore, with profit up 4.7X to ₹95 crore

Ecozen is raising ₹95 crore in debt from Momentum Capedge Limited.
The debt is structured as 950 Series E NCDs (non-convertible debentures, a type of loan instrument) at a face value of ₹10 lakh each.
The NCDs carry an interest rate of 11.5% per annum and have a tenure of 27 months.
A green shoe option (an over-allotment option) of up to ₹25 crore is included.
This is the third debt injection for Ecozen in the past 12 months.
Previous debt rounds include $12.5 million from UTI International and Spark Capital, and $23 million from responsAbility Investments AG and Northern Arc Capital Limited.
The board passed a special resolution to issue the NCDs.
Proceeds will be used for immediate capital requirements to aid business growth.

Ecozen has raised over $76 million in total (debt and equity) to date.
Its FY25 operating revenue grew 2.5X to ₹1,150 crore from ₹458.5 crore in FY24.
Its FY25 profit grew 4.7X to ₹95 crore.
The company is tapping debt markets repeatedly, indicating strong cash flow to service debt.

Ecozen provides climate-smart deep-tech solutions for agriculture and cold chain.
Its products use motor controls, IoT (Internet of Things), energy storage, and solar power.
Key products include Ecotron (solar pump controller), Ecofrost (solar cold storage), solar AC, and solar panels.
The company serves farmers and agri-businesses, helping reduce post-harvest losses and energy costs.
It operates in India and has expanded to international markets.

Debt proceeds will be used for immediate capital requirements to aid business growth.

Momentum Capedge Limited (lead) — Debt provider; no further details available.

Product: Solar-powered systems including water pumps, cold storage, air conditioners and rooftop panels.
Customers: Small and marginal farmers, with broader climate-tech customers as the business scales.
How it makes money: Sells solar-powered hardware and related climate-tech products, supported by debt-financed working capital and scale-up.
What sets it apart: Combines solar power with core technology stacks such as motor controls, IoT and energy storage.
Operations: Manufactures and deploys solar pump controllers and other climate-smart systems from Pune.