Ecoil Bags $2.5 Mn To Turn Waste Cooking Oil Into Biofuel

Clean energy startup Ecoil raises $2.5 Mn in funding to expand its operations & strengthen its technology platform | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

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 …

Ecoil Bags $2.5 Mn To Turn Waste Cooking Oil Into Biofuel

Clean energy startup Ecoil has raised $2.5 Mn (about ₹23 Cr) in its Series A funding round led by Fundalogical Ventures, with participation from Caspian Impact Investment, Momentum Capital, and existing investor The Chennai Angels. The Jaipur-based startup intends to use the fresh capital to scale its operations, improve tech and expand its presence across key markets in India. Founded in 2018 by Sushil Vaishnav and Kirti Vaishnav, Ecoil is a su…

Clean Energy Startup ECOIL Raises ~$2.5 Million Series A Funding Round

ECOIL, a tech-enabled platform for the organised collection and responsible disposal of used cooking oil (UCO), has raised approximately ~$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 investor The Chennai Angels, while Shell had backed the company as an early seed investor. Right Pillar Advisors acted as the exclusive financia…