Ecozen Solutions will utilise the investment to develop a tech-enabled platform for sourcing pre-cooled perishables directly from the farmers, as well as scaling up its solar cold chain and solar irrigation business throughout India. Other investors include Caspian’s Fourth Fund ‘Caspian SME Impact Fund’ and existing investor Omnivore Partners, both from India.
Better livelihoods for farmers
Ecozen Solutions was founded in 2010 by three alumni of the Indian Institute of Technology, Devendra Gupta, Prateek Singhal and Vivek Pandey, with the vision to strengthen the perishable supply chain using tech-enabled products and solutions. Products include Ecotron, a solar irrigation pump controler, and Ecofrost, a unique on-farm solar powered cold storage solution.
At present Ecozen products are used on 20,000 farms, touching the lives of more than 65,000 people. By scaling up its one of a kind, ‘Lease-a-Cold-Room’ model, Ecozen is looking to provide more access to cold chains for a large number of small and medium-sized farmers growing high value perishable commodities. Its portable solar cold rooms are designed to work even in low sunlight. Farmers using the cold rooms have seen significant increases in their profits of up to 40%, as their perishable products can now be transported to better and further markets or kept until market conditions improve.
Read the impact report and discover how Hivos-Triodos Fund made a difference in 2018.