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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 3, 2022

Bloomberg New Economy Announces 2022 Class of Catalysts

Read on Bloomberg.com »

January 25, 2023

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

Read on AFN »

September 16, 2021

Ecozen Makes it to Cleantech's '50 to Watch List' for Climate Innovation

Read on Saur Energy International »

August 9, 2021

This company aims to create a robust value chain for 90 mn tonnes of perishables by partnering with farmers

Read on YourStory.com »

August 9, 2021

These Five Agri tech Startups Are Helping Farmers To Grow Good Quality Produce

Read on BW Disrupt »

December 19, 2019

Ecozen Raises Impact Funding to Help Indian Farmers Reduce Spoilage

Read on AgFunderNews »

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