ECOIL — $2.5M Series A

Sector: Cleantech / Biofuel

Founders: Sushil Vaishnav, Kirti Vaishnav

Founded: 2019

Raised $2.5 million Series A led by Fundalogical Ventures , with CASPIAN IMPACT INVESTMENTS PRIVATE LIMITED, Momentum Capital, and The Chennai Angels .

What they do:

Converts used cooking oil into biodiesel.

Key Highlights:

Expanding sustainable fuel operations

Growing presence across India

Circular economy model

Why it matters:

Supports India's clean energy transition via waste-to-fuel innovation.

Will biofuels play a major role in India's energy future?