Ecozen
Ecozen is a Pune-based climate-smart deeptech company that manufactures solar-powered agricultural and cooling products—including Ecotron solar pump controllers, Ecofrost cold storage, Solar AC, and Rooftop Solar—serving farmers, government programs, and residential customers across India with international expansion to Africa and Southeast Asia.
- Company typePrivate
- Founded2010
- HeadquartersPune, India
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Ecozen does
Ecozen Solutions Private Limited is a Pune, India-based climate-smart deeptech company founded in 2010 by three IIT Kharagpur graduates (Devendra Gupta, Prateek Singhal, Vivek Pandey). The company develops solar-powered products and underlying technology platforms spanning agricultural and cooling applications. Its core products include Ecotron (solar pump controllers with dynamic MPPT efficiency exceeding 99.5%), Ecofrost (solar cold storage leveraging patented Ice Core Technology for batteryless backup of 30+ hours), Solar AC (hybrid solar air conditioner with auto-switching), and Rooftop Solar (residential installations under India's PMSGY scheme). Underlying these products are three technology platforms: EcozenAI/IoT (predictive diagnostics across 80K+ deployed devices), Motor Controls (supporting BLDC, PMSM, SYNRM, and induction motors with onboard analytics), and Thermal Energy Storage (Ice Core Technology using phase-change materials).
The company operates a hybrid go-to-market model: direct enterprise sales for government projects and EPC contracts (PM-KUSUM, PMSGY), an extensive certified dealer network across India (with focus on Uttar Pradesh, Rajasthan, Punjab, Maharashtra), direct-to-consumer e-commerce with EMI financing partners (Bajaj Finserv, Muffin), and lease/rental/community ownership models for Ecofrost cold storage. Revenue is generated through hardware sales (direct purchase, dealer, and government channels), post-sale service and warranty, and financing margin arrangements. The company reports impact metrics of 82,000+ farmers directly impacted, 315 million liters of diesel saved, 19,000+ metric tons of perishable wastage reduced, and 945 million kWh of clean energy generated.
Ecozen has raised approximately $100 million+ across funding rounds from Series A through 2025, with notable debt and equity participation from Nuveen Global Fund, US International Development Finance Corporation, Dare Ventures (Coromandel International), responsAbility Investments AG, Northern Arc Capital, Maanaveeya Development and Finance, and others. The company is scaling internationally into Africa and Southeast Asia while expanding its product surface into residential solar and cooling. Ecozen holds a wholly-owned subsidiary, Ecofrost Technologies Private Limited, and is Great Place to Work Certified.
Ecozen firmographics
Firmographics- Name
- Ecozen
- Legal name
- Ecozen Solutions Private Limited
- Website
- https://ecozensolutions.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Ecozen is a Pune-based climate-smart deeptech company that manufactures solar-powered agricultural and cooling products—including Ecotron solar pump controllers, Ecofrost cold storage, Solar AC, and Rooftop Solar—serving farmers, government programs, and residential customers across India with international expansion to Africa and Southeast Asia.
- Ownership category
- akta.pro rank
Ecozen industry classification
Industry- Product category
- Solar-Powered Agricultural Equipment
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)
- akta.pro primary industry
- Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB)
- akta.pro secondary industries
- Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF), Chillers & Cooling Plant Equipment (IMAHAKAE), Heat Pump & Smart HVAC Controller Integration (HSAOANAD)
Keywords
Where Ecozen is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Ecozen business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Solar-Powered Hardware Products: Sale of solar-powered products including Ecotron (solar pump controllers), Ecofrost (solar cold storage), Solar AC units, and rooftop solar systems. Products sold through direct purchase, dealer network, and government project channels.
- Ecofrost Ownership Models: Ecofrost cold storage available through multiple ownership models: upfront purchase, lease and rental, and community models. This provides recurring revenue opportunities through leasing arrangements.
- Project-Based Government Contracts: Large-scale deployment through government EPC contracts and subsidy-based schemes including PM-KUSUM and PM Surya Ghar Muft Bijli Yojana (PMSGY).
- Service and Maintenance: Post-sale service, warranty services, and maintenance contracts for installed products. Remote monitoring and predictive maintenance through IoT platform.
- EMI and Financing Partnerships: Facilitates EMI financing through third-party partners (Bajaj, Muffin) for customers, with the company earning margin on financing arrangements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Ecofrost Solar Cold Storage - Upfront Purchase |
| Subscription | Monthly | Ecofrost Lease & Rental Model |
| Subscription | Monthly | Ecofrost Community Model |
| One time/ perpetual license | Pay-as-you-go | Solar AC - Standard Kit |
| Unit Pricing | Pay-as-you-go | Rooftop Solar under PMSGY |
| Unit Pricing | Pay-as-you-go | Ecotron Solar Pump Controller |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Ecozen product offering
Product offeringCore offering
Ecozen manufactures and sells solar-powered hardware for the agricultural and cooling value chain, including Ecotron solar pump controllers, Ecofrost solar cold storage rooms, Solar AC units, and rooftop solar installations. These products are powered by proprietary technology platforms: Ice Core thermal energy storage, the EcozenAI/IoT platform for predictive diagnostics, and motor controls for multiple motor types. The company sells primarily through a dealer network, government schemes, direct enterprise contracts, and an online store.
Product overview
Ecozen offers a portfolio of climate-smart deeptech products centered around solar-powered solutions for agriculture and cooling. The core product suite consists of Ecotron (solar pump controllers), Ecofrost (solar cold storage with patented Ice Core Technology), Solar AC (hybrid solar air conditioners), and Rooftop Solar installations. These products are powered by three technology platforms: EcozenAI/IoT Solutions (providing predictive analytics and anomaly detection), Motor Controls technology (supporting various motor types across industries), and Thermal Energy Storage (Ice Core Technology enabling batteryless backup). The company was founded in 2010 by IIT Kharagpur graduates and serves agricultural, residential, and industrial segments across India.
Differentiator
Problem solved
Functional benefit
Brands
- Ecotron: Solar-powered pump controller system for irrigation that provides reliable and optimal pumping without worrying about power cuts or maintenance issues
- Ecofrost
- Solar AC
- EcozenAI
Products and services
- Ecotron Next-generation solar pump controller system providing reliable and optimal irrigation without power cuts or maintenance issues. Features Dynamic MPPT algorithm with efficiency greater than 99.5%, remote monitoring, SMS operation, OTA updates, 5-year warranty, and supports BLDC, PMSM, SYNRM, and induction motors. Sold to farmers and agricultural users through dealer network and government schemes.
- Ecofrost Solar-powered cold storage room that reduces wastage of produce using clean energy, powered by Ecozen's patented Ice Core Technology. Provides 30+ hours of batteryless backup, temperature range 4-10°C, humidity control 65-95%, IoT-enabled predictive maintenance, and 5 KW standalone solar capability. Available through upfront purchase, lease/rental, and community shared-access models for farmers, FPOs, and cooperatives.
- Ecozen Solar AC Advanced hybrid solar air conditioner providing uninterrupted cooling even during power cuts. Features IoT-enabled predictive maintenance, auto-switching between solar and grid power, temperature range of 16°C and above, and a 3 KW solar panel system with 6 panels of 540 Wp each. Sold through dealer network and online store with EMI options through Bajaj Finserv.
- Ecozen Rooftop Solar Rooftop solar installation services for residential households under the PM Surya Ghar Muft Bijli Yojana (PMSGY) scheme. Ecozen is an empanelled vendor providing consultation, installation, and service. Subsidies of up to Rs 78,000 per household are available under PMSGY, with additional state-level subsidies such as Rs 15,000/kW in Uttar Pradesh.
- Motor Controls Technology Platform Industry-agnostic motor control technology platform supporting BLDC, PMSM, SYNRM, and other motor types. Applied across automotive, agriculture, household, and industrial segments. Features onboard analytics for failure prevention, motor protection, identity run, visual programming, and compact form factor with IP65-rated enclosures for outdoor applications.
Quantifiable outcome
- 82,000+ farmers directly impacted by Ecozen solutions
- +4 more outcomes
Companies that use Ecozen
Customer profileNamed customers3 records
Ideal customer profiles3 records
Ecozen technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature6 records
Ecozen partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered supporting.
- RazorpaysupportingPayment gateway partner processing secure transactions on Ecozen's e-commerce store and website.
- CashfreesupportingPayment processing partner enabling credit card, debit card, UPI, net banking, and digital wallet transactions.
- Wageningen University & ResearchsupportingAcademic partnership from India-Netherlands cooperation focusing on reducing food loss in India's horticultural sector through knowledge exchange and research.
Scale indicators14 records
Recent moves6 records
Expansion highlights8 records
Ecozen competitors and assessment
Company assessmentDirect peers
- ColdHubs: ColdHubs operates solar-powered walk-in cold rooms across Nigeria for farm produce storage. Directly comparable to Ecozen's Ecofrost solar cold storage line, serving smallholder farmers with shared/leased cold-chain assets in emerging markets.
- Sun King (formerly Greenlight Planet): Sun King sells pay-as-you-go solar home systems, lanterns, and appliances across Africa and India. Comparable distribution-led, dealer-network solar product model targeting off-grid households and small businesses — the same customer profile Ecozen serves.
- d.light: d.light designs, manufactures, and distributes affordable solar lanterns, home systems, and solar-powered appliances across Africa and Asia. Closely mirrors Ecozen's mission of delivering solar-powered hardware to underserved markets, with overlapping IoT-enabled product roadmaps.
- Promethean Power Systems: Promethean builds thermal battery-based refrigeration for the dairy and cold-chain industry in India and emerging markets. Directly comparable to Ecozen's Ice Core thermal energy storage technology powering Ecofrost.
Emerging players
- Fasal: Fasal is an Indian agtech startup offering IoT-based precision farming, micro-irrigation automation, and farm analytics. Compares to Ecozen's EcozenAI/Ecotron stack for Indian farmers, though focused on horticulture advisory rather than solar-powered hardware.
- Cropin: Cropin is an Indian agtech AI/ML platform providing farm management, predictive analytics, and traceability for agribusinesses. Compares to Ecozen's EcozenAI predictive diagnostics layer across product lines, though Cropin is software-only without the solar hardware portfolio.
Broad incumbents
- Voltas: Voltas is a Tata-group Indian appliance and air-conditioning major with growing solar/EPC and cooling portfolio. Direct competition in India's residential AC and rooftop solar markets where Ecozen now competes with Solar AC and Rooftop Solar.
- Trane Technologies: Trane Technologies is a global HVAC and refrigeration major (Thermo King, Trane). Comparable in commercial/industrial refrigeration and chillers where Ecozen's Ecofrost and thermal storage compete, with a far broader portfolio and global reach.
- Daikin: Daikin is a global air-conditioning leader with growing India operations and increasing solar inverter integration. Provides incumbency headwinds in the residential/commercial solar-AC and HVAC category where Ecozen's Solar AC competes.
- Carrier Global: Carrier is a global HVAC, refrigeration, and cold-chain major (Carrier Refrigeration, Carrier HVAC). Comparable commercial refrigeration footprint where Ecozen plays with Ecofrost cold storage and thermal energy storage for perishables.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Ecozen social profiles
Digital presenceEcozen compliance and trust
Trust signalCompliance2 records
Ecozen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ecozen leadership team
Management profileNumber of profiles
Profiles8 records
Ecozen subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ecozen funding detail
Funding detailFunding overview
Funding rounds15 records
Investors23 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ecozen M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ecozen
What does Ecozen do?
Ecozen manufactures and sells solar-powered hardware for the agricultural and cooling value chain, including Ecotron solar pump controllers, Ecofrost solar cold storage rooms, Solar AC units, and rooftop solar installations. These products are powered by proprietary technology platforms: Ice Core thermal energy storage, the EcozenAI/IoT platform for predictive diagnostics, and motor controls for multiple motor types. The company sells primarily through a dealer network, government schemes, direct enterprise contracts, and an online store.
Is Ecozen a public or private company?
Ecozen is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ecozen founded?
Ecozen was founded in 2010. It employs 251 to 500 people.
Where is Ecozen based?
Ecozen is headquartered in Pune, India, in the Asia region.
How does Ecozen make money?
Five revenue lines are on record. Solar-Powered Hardware Products are the primary driver. The others are ecofrost Ownership Models, project-Based Government Contracts, service and Maintenance and EMI and Financing Partnerships.
Who are Ecozen's main competitors?
Direct peers on record are ColdHubs, Sun King (formerly Greenlight Planet), d.light and Promethean Power Systems. Emerging players are Fasal and Cropin. Broad incumbents are Voltas, Trane Technologies, Daikin and Carrier Global.
Does Ecozen have an API?
No public API is recorded for Ecozen.
What industry is Ecozen in?
Ecozen's product category is Solar-Powered Agricultural Equipment. Its primary akta.pro industry code is EUAMAHAB, Solar Inverters, Power Optimizers & MLPE Manufacturing, with a secondary code of HSAPAQAF, Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers). Its NAICS code is 333415 and its SIC code is 3585.