Ecozen is a climate-tech startup working on solar-powered irrigation and cold chain systems.  Coromandel International just increased its stakes in the startup by an additional investment of Rs 24  crore. This amount has made Coromandel the shareholder of 5.54% in Ecozen. Previously the company  had 3.13% of shareholding. This climate-tech startup focuses on solar-powered irrigation and cold  chain systems. The additional investment will help Ecozen scale up its operations and expand its market  reach. With a commitment to climate-smart technologies, it will focus on empowering customers  globally. 

This climate-tech startup uses Artificial intelligence, the Internet of Things, and various other  technologies to improve and enhance agricultural incomes with reduced food waste. Last year Ecozen  showed a turnover of Rs 274 Crore. They aim to expand in the market of Africa and Southeast Asia. In  addition to this Coromandel International is said to be investing in the Kakinada project that aims to production of sulphuric acid and phosphoric acid. The project includes waste heat utilization and other  advanced technologies.  

With data ventures, coromandel acquired 5.44% of shares in Ecozen. Ecozen is a Pune-based deep tech startup company. During the funding round, Ecozen’s CEO, Davendra Gupta, mentioned that the  raised capital would be utilized to expand operations and strengthen market presence both locally and  internationally. He emphasized, “We are dedicated to empowering customers and making a shift  towards climate-smart technologies on a global level.” 

Besides other offerings, Ecozen wants to make big changes in farming. It plans to use its solar-powered  irrigation system, Ecotron, and its cool storage solutions, Ecofrost, to do this. By using smart technology  like Artificial Intelligence and the Internet, Ecozen helps farmers make more money while being good  to the environment. It does this by cutting down on pollution and stopping food from going to waste. 

With plans to expand into Africa and Southeast Asia, this startup is poised to address critical  agricultural challenges on a global scale. Despite the promising prospects, Ecozen will indirectly face  competition from established players like Inficold and other Pune-based companies such as  Khethworks as it navigates its way into the global market.

Conclusion: 

Ecozen is a climate-tech startup that focuses on agriculture and helps farmers with solar-powered  irrigation and cold storage. The startup recently received an extra Rs 24 crore from Coromandel  International as the company extended its share. Now Coromandel owns 5.54% of Ecozen. Ecozen uses  smart technology to make farming better and reduce food waste. They made Rs 274 crore last year  and want to expand in the market of Africa and Southeast Asia. Coromandel is also investing in a  project in Kakinada for making chemicals.

This 24 crore fund money will help Ecozen grow more and  reach more farmers. They want to help farmers worldwide with climate-friendly technology. They’ve  raised a total of $8 million so far. The funding will help Ecozen scale up its operations and expand its  market reach. With a commitment to climate-smart technologies, Ecozen aims to empower customers  globally.