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Ecofy raises $42M to expand solar, EV, and energy efficiency financing in India.
Ecofy, an India-based green finance firm backed by U.S. utility Eversource, has raised $42 million in fresh equity from British International Investment, FMO, and Finnfund, among others.
The funds will expand its rooftop solar, electric vehicle, and small business energy efficiency financing.
The company, which serves over 120,000 customers, has assets under management exceeding Rs 1,400 crore and a capital adequacy ratio of about 50%.
It operates a fully retail loan platform with partnerships across 100+ OEMs and 23 financial institutions.
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Ecofy recauda $42M para expandir la financiación de energía solar, EV y eficiencia energética en la India.