Accessible, affordable and inclusive
Launched in 2022 and backed by Eversource Capital, Ecofy Finance Private Limited (Ecofy) has rapidly evolved from foundation to scale, emerging as India’s diversified retail green lender. Ecofy combines end-to-end digital lending capabilities with a robust pan-India partner network of equipment manufacturers to make green finance accessible, affordable and inclusive.
Enhancing profitability of smallholder farmers in Zambia
Ecofy serves three green business verticals: rooftop solar, electric mobility (electric two and three wheelers) and energy-efficient SMEs. Unlike traditional NBFCs that include green assets as supplementary products, Ecofy’s infrastructure right from credit assessment to post-disbursement monitoring, is purpose-built for environmental lending.
The investment by Triodos Fair Share Fund and Hivos-Triodos Fonds supports Ecofy’s balance sheet growth. It aligns with the funds’ strategy to further diversify their existing portfolio in India and to contribute to building the country’s green finance sector, ultimately supporting a low-carbon economy.