Ecoil Bags $2.5 Mn To Turn Waste Cooking Oil Into Biofuel
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Clean energy startup Ecoil has raised $2.5 Mn (about ₹23 Cr) in its Series A funding round led by Fundalogical Ventures, with participation from Caspian Impact Investment, Momentum Capital, and existing investor The Chennai Angels.
The Jaipur-based startup intends to use the fresh capital to scale its operations, improve tech and expand its presence across key markets in India.
Founded in 2018 by Sushil Vaishnav and Kirti Vaishnav, Ecoil is a sustainability-focused startup that collects used cooking oil from restaurants, hotels, cloud kitchens, and other food businesses and converts it into eco-friendly biodiesel.
According to the startup, used cooking oil is a key raw material for biodiesel and sustainable aviation fuel, but remains widely scattered across restaurants and food outlets. In the absence of a proper collection system, it often re-enters the food chain, which can be hazardous.
Ecoil aggregates used cooking oil from multiple small sources that are otherwise difficult to track, hence preventing the oil from being reused in cooking or disposed of improperly, both of which can pose serious health and environmental risks.
Once collected, the oil is transported to processing facilities where it is cleaned and filtered to remove food particles, moisture, and impurities. It then undergoes a chemical conversion process to turn it into biodiesel, which can be used as a cleaner alternative to traditional diesel.
Ecoil competes with companies like BioD Energy, Cercle X, Buyofuel, BiofuelCircle, Trieco Green, and others.
The development comes at a time when cleantech startups are fixing key challenges amid rising resource constraints. The sector is gradually evolving from a niche space into a core part of the broader Indian startup landscape.
With over 2 Lakh startups in the country, sustainability and climate-focused innovation are now becoming a key pillar of growth. India’s cleantech space is scaling rapidly, with AI playing an increasingly important role in improving carbon tracking, efficiency, and predictive maintenance.
Overall, India’s clean tech is projected to become a $152.5 Bn market by 2030, fuelled by net-zero goals.
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