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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Ecozen To Raise $12.6 Mn Debt To Scale Solar-Powered Offerings


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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