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

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

//business-finance.news-articles.net/content/202 .. y-with-12-5m-to-drive-ev-and-solar-adoption.html

Published in Business and Finance on Tuesday, March 25th 2025 at 17:21 GMT by Entrepreneur
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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 ]

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