CleanTech
Ecozen To Raise $12.6 Mn Debt To Scale Solar-Powered Offerings
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SUMMARY
Ecozen’s board approved the issuance of 616 and 500 NCDs to UTI International and Spark Capital, respectively, at a face value of INR 10 Lakh each
In its filings with the RoC, the startup said that the fresh proceeds will be utilised for immediate capital requirements for aiding the growth of the business
Founded in 2010, Ecozen sells solar-powered water pumps, cold storage solutions, air conditioners and solar rooftop panels
Pune-based deeptech startup Ecozen is raising INR 111.6 Cr (nearly $12.6 Mn) in debt…
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