NBFC firm Ecofy on Monday said it has raised Rs 380.5 crore equity capital to expand its green finance business in the country.
The funding round saw participation from two leading global DFIs — British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund Digital Access Impact Fund I (DAIF) managed by Finnfund, the Finnish development finance institution and impact investor who joined as new investors, Ecofy said in a statement.
The investment reflects growing global investor confidence in Ecofy’s differentiated, retail-led model, it said, adding that the round also saw continued commitment from existing investors Eversource Capital, a leading sustainable infrastructure investor.
The growth capital will assist Ecofy’s expansion across rooftop solar, electric vehicles, and SME financing, underpinned by a strengthened balance sheet, experienced leadership, robust governance frameworks, and a high-performance, purpose-driven …NBFC firm Ecofy on Monday said it has raised Rs 380.5 crore equity capital to expand its green finance business in the country.
The funding round saw participation from two leading global DFIs — British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund Digital Access Impact Fund I (DAIF) managed by Finnfund, the Finnish development finance institution and impact investor who joined as new investors, Ecofy said in a statement.
The investment reflects growing global investor confidence in Ecofy’s differentiated, retail-led model, it said, adding that the round also saw continued commitment from existing investors Eversource Capital, a leading sustainable infrastructure investor.
The growth capital will assist Ecofy’s expansion across rooftop solar, electric vehicles, and SME financing, underpinned by a strengthened balance sheet, experienced leadership, robust governance frameworks, and a high-performance, purpose-driven … Latest News [ SOBAN NEWS: International and National ]
