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Ecozen Solutions

Changing the way India handles its perishables by building the country’s first-ever solar cold storage chain and providing intelligent solar pumping technology.

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Devendra Gupta

Co-Founder & CEO at Ecozen Solutions

More about Devendra »
Employees 201–500
Headquarters Pune, Maharashtra, India
Nearly $7 billion worth of food is wasted every year in India alone. By introducing innovations at the intersection of cleantech and internet of things (IoT), Ecozen Solutions is disrupting the way perishables are handled across the value chain. They have built an intelligent and completely automated after-sales service solution, focused on agricultural markets. Currently, Ecozen has two products: Ecofrost and Ecotron. Ecofrost is a portable solar-powered cold room based on thermal energy storage, which can maintain low temperatures without any backup power. With the ability to store their crops using Ecofrost, smallholder farmers have the ability to increase their profits by 40 percent over time. Ecofrost is a market leader in solar cold room space accounting for more than 50% of installed units. Ecotron is a smart controller for irrigation pumps that complements Ecozen's offerings in the solar/agri-solutions space in which they have a 20% market share in the Indian market. Both products are integrated with the internet, providing Ecozen with extensive data about product usage and performance. Using this data, they are building a perishables-friendly marketplace with powerful proprietary algorithms to improve product performance, serviceability, and reliability. The company achieved social as well as environmental impact across eight different countries through helping +70,000 farmers, generating 948 Mn kwh clean energy, abating 948,000 tonnes of CO2 emission, and avoiding 18,000 MT food wastage.

Notable Achievements

  • Raised 50 mn USD, key investors include Nuveen, Omnivore, Triodos, Caspian, Indian EXIM Bank
  • Deployed more than 1,50,000 on the ground impacting 1mn+ farmers
  • On track to do 100mn USD revenue, did 37 mn USD revenue in last FY with 1 mn USD profit

Currently Operating in 15 Regions

Press Mentions

August 25, 2016

Powered By Sunshine

Read on https://www.outlookbusiness.com/ »

May 6, 2024

Coromandel increases stake in climate tech startup Ecozen | Chennai News - Times of India

Read on The Times of India »

April 22, 2024

Agritech startup Ecozen raises $30 million in funding

Read on Economic Times »

April 20, 2024

Agritech startup Ecozen bags $30M from Nuveen, others

Read on YourStory »

April 19, 2024

Climate-Foused Deeptech Startup Ecozen Secures USD 30 Mn Funding

Read on Entrepreneur India »

January 25, 2023

India's Ecozen nets $25m Series C from Nuveen, Omnivore partially exits

Read on AFN »

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