Climate fintech is quietly becoming a massive opportunity.

Ecofy has raised $42M (~₹380.5 Cr) in a Series B round co-led by British International Investment and Finnfund.

Founded by Rajashree Nambiar,

Govind Sankaranarayanan in 2022 The startup is building a climate-focused NBFC offering financing for EVs, rooftop solar, and energy-efficient products.

The funds will be used to scale green financing and expand its climate-focused lending portfolio.

Key highlights:

• Focus on sustainable finance (EVs, solar, green assets)
• Backed by global investors in climate finance

Why this matters:

Fintech is enabling faster adoption of green assets across India.

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Will climate-focused NBFCs accelerate India's clean energy transition?