Funding · Climate, Energy & Sustainability

ECOIL raises $2.5M Series A for used cooking oil platform

By Startup Enthusiast · 7 April 2026

What they do

ECOIL runs a technology platform to collect and responsibly dispose used cooking oil

It raised $2.5M Series A led by Fundalogical Ventures, with Caspian Impact and Momentum Capital

The funds will expand operations and technology as India's biofuel demand grows

ECOIL raised $2.5M (~₹23 Cr) in a Series A funding round.
The round was led by Fundalogical Ventures.
Participating investors include Caspian Impact Investment, Momentum Capital, and existing investor The Chennai Angels.
Early seed investor Shell also participated.
Right Pillar Advisors served as the exclusive financial advisor for the transaction.
The company will use the funds to scale operations, strengthen its technology platform, and expand across key markets in India.

Demand for biofuels and sustainable aviation fuel (SAF) in India is rising, but feedstock supply remains fragmented.
India's cleantech market is projected to reach $152.5 Bn by 2030, driven by net-zero goals.
Used cooking oil often re-enters the food chain or is improperly disposed, creating health and environmental risks.

ECOIL is a technology-enabled platform for organised collection and responsible disposal of used cooking oil (UCO).
It operates a circular economy model: connects restaurants, hotels, and food businesses to safe UCO disposal.
The collected UCO is redirected to biofuel and sustainable aviation fuel production.
ECOIL collects UCO from small sources, transports it to processing facilities, cleans/filters it, and chemically converts it to biodiesel.
The platform provides traceability, compliance, and aggregation, integrating informal sector workers.
Headquarters are in Jaipur.

Product: Tech-enabled collection and logistics platform for used cooking oil converting to biodiesel and sustainable aviation fuel
Customers: Restaurants, hotels, cloud kitchens, and food businesses requiring waste management solutions
How it makes money: B2B waste collection and processing platform for biofuel supply chain
What sets it apart: Organizes fragmented supply chain of used cooking oil with improved traceability and compliance