ECOIL, a clean energy platform specializing in the collection and disposal of used cooking oil, has raised around $2.5 million in a Series A funding round led by Fundalogical Ventures.
In addition, the round attracted participation from Caspian Impact Investment, Momentum Capital, and existing backer The Chennai Angels. Earlier, global energy major Shell had supported the company as a seed investor, highlighting continued investor confidence in Clean energy startup’s sustainability-driven model.
The company plans to deploy the fresh capital to scale its operations, strengthen its technology platform, and expand its presence into additional markets across India. As demand for sustainable solutions grows, this strategic investment is expected to accelerate ECOIL’s nationwide footprint.
Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, ECOIL collaborates with restaurants, hotels, and food businesses to collect used cooking oil and channel it toward the production of biofuel and sustainable aviation fuel. This approach not only addresses waste management challenges but also contributes to cleaner energy generation.
Furthermore, the clean energy startup is building a technology-driven collection and logistics network aimed at improving traceability, compliance, and aggregation of used cooking oil. This raw material plays a critical role in producing biodiesel and sustainable aviation fuel, making efficient supply chain management essential.
At the same time, ECOIL is working to organize what remains a highly fragmented supply chain in India. By integrating informal collectors into a more structured ecosystem, the company aims to enhance operational efficiency, ensure regulatory compliance, and create more stable income opportunities for stakeholders across the value chain.
Moreover, its expansion strategy aligns with the growing demand for traceable and compliant feedstock in both the biofuel and aviation fuel sectors.
ECOIL’s latest funding round underscores strong investor interest in sustainable waste-to-energy solutions. By leveraging technology, expanding its network, and formalizing the supply chain, the company aims to become a key enabler in India’s clean energy transition while addressing critical environmental challenges.
