JSW MG Motor India Partner Ecofy For EV Financing Updated On Thu, Jun 20th, 2024 by Saurenergy JSW MG Motor India have announced that it partnered with Eversource Capital-backed NBFC Ecofy to provide financing and leasing solutions for its electric vehicles. According to a release, the two businesses have inked a Memorandum of Understanding (MoU) under which Ecofy will offer leasing and financing options for up to 10,000 JSW MG EVs over […] Read more
Ecofy Joins Forces With Luminous To Accelerate Solar Adoption Updated On Mon, Jun 10th, 2024 by Saurenergy Indian NBFC Ecofy has now announced its partnership with Luminous Power Technologies, an energy solutions industry. The collaboration with Luminous aims to focus on the financing landscape for renewable energy projects, especially solar power projects. With the introduction of the PM Surya Ghar Yojana 2024, favorable market conditions and governmental support, the partnership could make […] Read more
Ecofy Partners With Waaree Energies For Low-Cost Solar Finance Updated On Wed, May 8th, 2024 by Saurenergy Solar PV module maker Waaree Energies Limited has signed an agreement with rooftop solar financing firm Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for solar projects from Waaree. According to a statement by Waaree Energies, Ecofy has committed Rs 100 crore to partnering with Waaree Energies for boosting solar finance. […] Read more
Ecofy & Vidyut To Offer Subscription-Based Battery-As-A-Service Model Updated On Tue, Apr 23rd, 2024 by Saurenergy Ecofy, a Non-Banking Financial Company (NBFC), and Vidyut, an EV ownership platform specialising in making electric three-wheeler acquisition more affordable have announced a partnership aimed at the electric vehicle market and sustainable transportation solutions. While Ecofy will finance the loan, Vidyut will offer a subscription-based battery-as-a-service model to ensure affordable EV solutions. Speaking on the […] Read more
Everything You Wanted To Know About India’s Biggest Rooftop Solar Scheme Updated On Fri, Apr 19th, 2024 by Saurenergy Made For, Of and By India One of the biggest aspects of the PM Surya Ghar Scheme is the focus on mass markets, by limiting subsidies to systems upto 3kW in size. It is also meant to be a catalyst for India’s domestic manufacturing base for solar equipment, which has struggled to counter Chinese imports […] Read more
Ecofy Secures INR 900 MN From Dutch Development Bank, FMO Updated On Thu, Jan 25th, 2024 by Saurenergy Ecofy, an Indian green-only Non-Banking Financial Company (NBFC) that provides climate finance to Indian consumer and small business sector, secured an investment of INR 900 Mn from Dutch bank, FMO. It received the loan from the Dutch Entrepreneurial development bank, leveraging FMO’s AAA rating and global credibility. Ecofy plans to grow its loan book, enable […] Read more
9 EV Financing Startups in India Accelerating EV adoption Updated On Fri, Jul 21st, 2023 by Saurenergy The electric vehicle (EV) revolution in India is gaining momentum, driven by technological advancements, environmental consciousness, and government initiatives. With growing awareness of its benefits, electric vehicles (EVs) are emerging as a promising choice for prospective vehicle buyers. In the first half of CY2023, the EV sales crossed the 100,000-unit mark on average each month, […] Read more
Mahindra Solarize, Ecofy Collaborate for 500 Solar Rooftops in Retail Segment Updated On Fri, Mar 17th, 2023 by Saurenergy Solar energy firm Mahindra Solarize has announced collaboration with Ecofy to step-up financing and installation of rooftop solar in the retail segment. Ecofy is an NBFC. Mahindra Solarize will help facilitate collateral free loans for solar rooftop installation. This will help in to accelerate green energy adoption in India. Both Mahindra Solarize and Ecofy believe […] Read more
