Mumbai, March 27 -- Ecofy Finance, an Indian NBFC focused on green transition, has secured a $12.5 million long-term loan from Denmark's Investment Fund for Developing Countries (IFU). The funding aims to bridge India's last-mile climate finance gap in consumer, transportation, and SME sectors.
Key Highlights Plans to finance over 1 million EVs and 1.5 GW of rooftop solar in the next 6-7 years.
Supports India-Denmark Green Strategic Partnership (2020).
Focus on reducing air pollution and boosting SME access to green financing.
Axis Bank acted as the exclusive financial advisor for the deal.
The investment strengthens India's clean energy shift, helping consumers and businesses transition away from fossil fuels while promoting sustainable growth.
Published by HT Digital Content Services with permission from Construction World.