Ecofy Raises Rs 380.5 Crore to Expand Retail Green Finance Business

Ecofy, an Indian NBFC focused on green finance, has raised Rs 380.5 crore in equity capital to expand its retail green finance business. The funding round included new investments from British International Investment and Finnfund's Digital Access Impact Fund I, alongside continued support from existing investor Eversource Capital. The capital infusion will boost Ecofy's capital adequacy ratio to about 50%, supporting growth in rooftop solar, electric vehicles, and SME financing. Ecofy serves over 120,000 customers across sustainable asset categories.