Ecofy Finance is helping accelerate India’s green transition by financing electric vehicles and rooftop solar systems across the country. The company addresses a critical financing gap that prevents many households, entrepreneurs and small businesses from investing in green technologies. Through Impact Fund Denmark’s loan, Ecofy aims to finance more than one million electric vehicles and over 1.5 GW of rooftop solar installations within the next 6–7 years.
India is one of the world’s fastest-growing markets for electric mobility. More than 1.7 million electric two- and three-wheelers were sold over the past year, with demand continuing to rise as electric vehicles become more affordable. By expanding access to financing, Ecofy enables individuals and small businesses to switch to cleaner transportation and renewable energy solutions, helping reduce air pollution and carbon emissions.
In addition to electric mobility, Ecofy finances rooftop solar installations for households and SMEs. India’s vast solar potential remains largely untapped due to limited access to finance. The investment will therefore support both the decarbonisation of the transport sector and greener energy consumption across India while making climate finance more accessible to underserved borrowers.