Denmark's IFU Backs Ecofy with $12.5M to Drive EV and Solar Adoption

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Wed, March 26, 2025

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Denmark's IFU Backs Ecofy with $12.5M to Drive EV and Solar Adoption

^{Published on 2025-03-25 17:21:16 - Entrepreneur}

The funding is part of the Green Strategic Partnership between India and Denmark, established in 2020 when the prime ministers of both nations signed a collaborative agreement to promote sustainability.

The article from MSN Money discusses how Denmark's Investment Fund for Developing Countries (IFU) has invested $12.5 million in Ecofy, an Indian fintech startup focused on promoting electric vehicle (EV) and solar energy adoption. Ecofy, which was formerly known as Vidyut Tech, aims to facilitate the transition to sustainable energy solutions by providing financing options for EVs and solar installations. This investment is part of IFU's strategy to support green initiatives in developing markets, enhancing access to clean energy and reducing carbon footprints. The funding will help Ecofy expand its operations, offering more accessible financing solutions to consumers and businesses looking to switch to eco-friendly technologies.

Read the Full Entrepreneur Article at:
[ https://www.msn.com/en-us/money/smallbusiness/denmarks-ifu-backs-ecofy-with-125m-to-drive-ev-and-solar-adoption/ar-AA1BCAZ3 ]

N@N

Denmark's IFU Backs Ecofy with $12.5M to Drive EV and Solar Adoption