When was Ecofy founded?

Ecofy was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is Ecofy located?

Ecofy is headquartered in Mumbai, India.

How many employees does Ecofy have?

As of May 31, 2026, the latest employee count at Ecofy is 291.

Is Ecofy a funded company?

Ecofy is a funded company, having raised a total of $65.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Jan 12, 2024.

How much is Ecofy worth?

The latest valuation of Ecofy is $***** as of Mar 30, 2026.

When was the latest funding round of Ecofy?

Ecofy's latest funding was a $***** Conventional Debt round on May 06, 2026, with participation from 1 investor.

What is the annual revenue of Ecofy?

Annual revenue of Ecofy is between ₹100 Cr and ₹500 Cr as on Mar 31, 2026

Where does Ecofy rank among its competitors?

Ecofy ranks 1st amongst 28 active competitors, of which 17 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Solfin, which secured $28.9M in May, 2026.

Who are the top competitors of Ecofy?

Ecofy's top competitors include Solfin, CreditWise Capital and Aerem. Among them, Solfin secured the most recent funding round in May, 2026.

Ecofy - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Financial solutions for the electric vehicle, solar, and SME sectors. It offers funding for the full life-cycle of electric two- and three-wheelers. It provides financial products for rooftop solar installations. It offers solutions for purchasing electric scooters and bikes, featuring flexible EMIs, customizable loan tenures, digital application processes, and value-added services such as annual maintenance contracts and asset buyback options.

Website: www.ecofy.co.in/
Social
Email ID: *****@ecofy.co.in
Phone Number: +91 **********

Key Metrics

Founded Year

2022

Location

Mumbai, India

Stage

Series B

Total Funding

$65.5M in 4 rounds

Latest Funding Round

Conventional Debt, May 06, 2026, $*****

Post Money Valuation

$***** as on Mar 30, 2026

Investors

Finnfund & 5 more

Ranked

1^st among 28 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

291 as on May 31, 2026

Investment & Acquisitions

Autovert

Similar Companies

Solfin & 85 more

View Ecofy's full profile

Ecofy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ECOFY FINANCE PRIVATE LIMITED CIN: U65990MH2022PTC378560 , India, Active	Mar 17, 2022	₹100 - ₹500 Cr (As on Mar 31, 2026)	291 (As on May 31, 2026)

Ecofy has raised a total funding of $65.5M over 4 rounds. Its first funding round was on Jan 12, 2024. Its latest funding round was a Conventional Debt round on May 06, 2026 for $*****. 1 investor participated in its latest round. Ecofy has 6 institutional investors.

Here is the list of recent funding rounds of Ecofy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 06, 2026	1719581	Conventional Debt	9478281	9791992	2809860	9270714
Mar 16, 2026	5398788	Series B	7163667	5650072	7499755	EverSource Capital & 1 more
Mar 25, 2025	3034655	Conventional Debt	6763586	7686353	5774973	Impact Fund Denmark

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View details of Ecofy's funding rounds and investors

The founders of Ecofy is Govind Sankaranarayanan.

Here are the details of Ecofy's key team members:

Govind Sankaranarayanan: Co-Founder & COO of Ecofy. They are also an angel investor in 1 startup and serve on the boards of 4 companies.
Contact Info: 1 email address and 1 phone number

Ecofy's Board of Directors

Ecofy's board has 5 active members. Govind Sankaranarayanan and Rajashree Nambiar are part of team and Rohit Sharad Talwalkar, Arun Kumar Sharma and Pankaj Thapar are independent board members.

Here is the list of Ecofy's board of directors:

Name	Type	Representing	Status	Duration
Govind Sankaranarayanan	Team	-	Current	4y 7m
vtwgyye	Team	-	Past	6y 2m
Arun Kumar Sharma	Independent board member	-	Current	3y 2m
tvrebzv	Independent board member	-	Current	2y 6m
{pqcupf	Independent board member	-	Past	8y 5m

View details of Ecofy's Founder profiles and Board Members

Ecofy's employee count trend

Ecofy has 291 employees as of May 26. The total employee count is 2.0% more than what it was in May 25. Here is Ecofy's employee count trend over the years:

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Top competitors of Ecofy include Solfin, CreditWise Capital and Aerem. Here is the list of Top 10 competitors of Ecofy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ecofy 2022, Mumbai (India), Series B	Financial solutions for the electric vehicle, solar, and SME sectors	$65.5M	FMO, British International Investment & 4 others	68/100
2nd	Solfin 2022, Gurugram (India), Series C	Provider of SME loans for solar projects	$54.6M	Arham Investment, PointOne Capital & 19 others	68/100
3rd	CreditWise Capital 2018, Mumbai (India), Series A	Provider of technology driven consumer finance and vehicle insurance products	$36.4M	Trident Growth Partners, Finworld Management ... & 80 others	67/100
4th	Aerem 2018, Mumbai (India), Series A	Solar fintech platform providing rooftop solar financing	$36.2M	Blume Venture, Anchorage Capital Partners ... & 39 others	66/100
5th	RevFin 2018, Delhi (India), Series B	Digital lending platform providing loans for electric vehicle drivers	$34.8M	http://companion.capital, Green Frontier Capital ... & 62 others	62/100
6th	Credit Fair 2018, Mumbai (India), Acquired	Platform offering solar financing solutions	$26.8M	Nueva Capital, pi Ventures & 69 others	59/100
7th	VidyutTech 2021, Bengaluru (India), Series A	Provider of integrated electric vehicle ownership solutions including flexible financing, service, and resale support	$17.6M	3one4 Capital, Flourish & 39 others	58/100
8th	Two Point O Capital 2024, Mumbai (India), Seed	Provider of financing solutions for energy transition projects and businesses	$6.3M	Omnivore, Calabasas Ventures & 9 others	57/100
9th	Ascend Capital 2018, Jaipur (India), Series A	Platform offering alternative financing solutions for electric vehicles	$6.02M	Info Edge Ventures, Asha & 33 others	57/100
10th	Chargeup 2019, Delhi (India), Seed	Driver-centric platform offering battery swapping and charging solutions for electric vehicles	$12M	Anicut Capital, IAN Group & 43 others	56/100

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Founders own 0.58%, Funds (largest shareholder) own 54.63%, Parent Entities own 39.75% and Other People own 0.00%. The net worth of Ecofy's founders is INR 6.06Cr as of Mar 30, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	0.58%	6.06Cr	0	0	0	0
Govind Sankaranarayanan	0	0	0	0	0	0
Fund	54.63%	567Cr	1333943	6240944	2619332	6386009
British International Investment	9891604	1412123	6071404	3922316	1226379	3225034
FMO	5668851	8913737	2652727	8219866	1134333	6443686
Finnfund	3014822	5206784	2484194	4180938	9573969	7386583
Parent Entity	39.75%	413Cr	6016748	4449383	1272358	2691246
Other People	0.00%	11	0	0	0	0
ESOP Pool	5.04%	52.3Cr	19372	66226	24612	37546
Total	100.00%	1,040Cr	9890493	5790465	9912382	5767662