Ecozen raises $25 million - Updates
Funding round led by Nuveen, the Chicago-headquartered asset manager and Dare Ventures, the VC arm of Coromandel International
The startup develops solutions for motor controls and energy storage with a focus on the agricultural sector. To begin with, it was mainly around solar water pumps.
What is interesting is to note is how it has leverage its focus for water pumps to go on to build other products that the same customer segment requires, notably its solar-based cold storage solution.