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Ecofy bags 15 million from Mirova to turbocharge green loans for solar and EVs
Startups
Published on 6 May 2026
Mirova’s fourth India deal targets households and EV buyers
Climate NBFC Ecofy has raised $15 million from Mirova to expand lending for rooftop solar and electric mobility, including two- and three-wheelers. Founded in 2022, it claims to be India’s first green-only NBFC and will use the funds for onward lending to residential and commercial customers. It already serves 130,000 users across 26 states.
- Ecofy raises $15M from Mirova to scale rooftop solar and EV financing
- Mirova says the investment is its fourth deal in India under its climate mandate
- Ecofy will focus on households and small businesses across 26 states
- Competition is intensifying from both NBFCs and embedded solar financing
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This summarization was done by Beige for a story published on 
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