ECOIL Raises $2.5 Mn Series A funding Led by Fundalogical Ventures
The startup works with restaurants, hotels, and food businesses to collect used cooking oil and redirect it for conversion into biofuels and sustainable aviation fuel.
Delhi-based used cooking oil management platform ECOIL has raised $2.5 million in a Series A funding round led by Fundalogical Ventures.
The round also saw participation from Caspian Impact Investment, Momentum Capital, and existing backer The Chennai Angels. The company had earlier received seed support from Shell.
The fresh capital will be utilised to expand operations across India, strengthen its technology platform, and scale its collection and logistics network.
Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, ECOIL works with restaurants, hotels, and food businesses to collect used cooking oil and redirect it for conversion into biofuels and sustainable aviation fuel.
The company is building a tech-enabled ecosystem to improve traceability, compliance, and aggregation in the used cooking oil supply chain, which remains largely unorganised.
ECOIL is also focused on integrating informal collectors into a structured network, while enabling businesses to meet regulatory requirements around safe oil disposal.