Ecoil employees oversee biofuel production from waste oil in a processing facility.
Clean energy startup Ecoil has raised $2.5 Mn (₹23 Cr) in Series A funding led by Fundalogical Ventures, with participation from Caspian Impact Investment, Momentum Capital, and existing investor The Chennai Angels.
Founded in 2018, Ecoil collects used cooking oil from restaurants, hotels, cloud kitchens, and other food businesses and converts it into eco-friendly biodiesel. The company will use the funds to scale operations, improve tech, and expand its presence across key Indian markets.
Used cooking oil is a key raw material for biodiesel and sustainable aviation fuel, but remains scattered across restaurants and food outlets. Ecoil aggregates used cooking oil from multiple small sources, preventing the oil from being reused in cooking or disposed of improperly, both posing health and environmental risks.
The collected 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, and Trieco Green.
India’s cleantech sector is projected to become a $152.5 Bn market by 2030, fueled by net-zero goals. Sustainability and climate-focused innovation are becoming a key pillar of growth, with AI playing an increasing role in improving carbon tracking, efficiency, and predictive maintenance.
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