ECOIL Raises Two Point Five Million Dollars in Series A

09 Apr 2026 CW Team

Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, the company is building a scalable circular economy network for used cooking oil that enables restaurants, hotels and food businesses to dispose of waste safely and to ensure it is channelled to sustainable biodiesel and aviation fuel production rather than re-entering the food chain. The platform combines software, logistics coordination and compliance tracking to aggregate dispersed feedstock at scale.

As India pursues higher blending targets and wider adoption of sustainable aviation fuel, feedstock availability has become a key constraint and the upstream ecosystem remains highly fragmented. Markets in Europe and the United States have shown that robust waste feedstock supply chains are essential to scaling sustainable aviation fuel, and ECOIL is positioned to address that gap in India by formalising collection channels and improving traceability. The model also creates livelihood opportunities by integrating informal sector workers into the formal economy.

Investors said Fundalogical Ventures brings experience in logistics, ports and shipping that will strengthen ECOIL's operational capabilities and accelerate its geographic expansion. Participating investors noted the company has developed a structured ecosystem to prevent waste oil from entering the food chain while reducing the supply gap for the growing biofuel industry. Right Pillar Advisors described the transaction as a vote of confidence in the waste-to-energy and circular economy sector. The funding will be used to scale operations, enhance the technology platform and expand the company's footprint across key markets.

ECOIL has raised two point five million dollars (mn dollars) in a Series A round led by Fundalogical Ventures, with participation from Caspian Impact Investment, Momentum Capital and existing investor The Chennai Angels, and with Shell as an early seed backer. Right Pillar Advisors served as exclusive financial adviser to the transaction. The funding round will support a tech-led expansion of collection and processing networks for used cooking oil across India. Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, the company is building a scalable circular economy network for used cooking oil that enables restaurants, hotels and food businesses to dispose of waste safely and to ensure it is channelled to sustainable biodiesel and aviation fuel production rather than re-entering the food chain. The platform combines software, logistics coordination and compliance tracking to aggregate dispersed feedstock at scale. As India pursues higher blending targets and wider adoption of sustainable aviation fuel, feedstock availability has become a key constraint and the upstream ecosystem remains highly fragmented. Markets in Europe and the United States have shown that robust waste feedstock supply chains are essential to scaling sustainable aviation fuel, and ECOIL is positioned to address that gap in India by formalising collection channels and improving traceability. The model also creates livelihood opportunities by integrating informal sector workers into the formal economy. Investors said Fundalogical Ventures brings experience in logistics, ports and shipping that will strengthen ECOIL's operational capabilities and accelerate its geographic expansion. Participating investors noted the company has developed a structured ecosystem to prevent waste oil from entering the food chain while reducing the supply gap for the growing biofuel industry. Right Pillar Advisors described the transaction as a vote of confidence in the waste-to-energy and circular economy sector. The funding will be used to scale operations, enhance the technology platform and expand the company's footprint across key markets.

Infrastructure Urban

09 Jun 2026

Cabinet Approves Two Year Scheme To Replace Old Trucks And Buses

The Union Cabinet, chaired by the Prime Minister, approved a two-year scheme to reduce air pollution in the Delhi–NCR region and promote cleaner mobility. The programme will be funded through the National Capital Region Planning Board under the Ministry of Housing and Urban Affairs and implemented by the Ministry of Road Transport and Highways and the Ministry of Petroleum and Natural Gas, with participating States and Union Territories of Delhi, Haryana, Rajasthan and Uttar Pradesh. The total financial outlay has been set at Rs 95.85 billion (bn), with the Central Government contributing Rs..

Infrastructure Transport

09 Jun 2026

Bengaluru Suburban Rail And Metro To Share 500-Metre Corridor

Bengaluru suburban rail and the Metro will share a 500-metre corridor at Benniganahalli, a decision that planners say will reduce capital expenditure and urban disruption. The consolidation of alignments across the short stretch is intended to avoid duplication of elevated structures and station facilities while cutting land acquisition needs. Authorities put the maximum savings at Rs 1.69 bn (1,690 mn). The arrangement also aims to streamline construction interfaces between the two systems. The shared corridor will require coordinated design of track beds, piers and passenger access so that s..

Infrastructure Urban

09 Jun 2026

DRDO And IAF Complete Successful RudraM-II Flight Tests

The Defence Research and Development Organisation (DRDO) and the Indian Air Force (IAF) have conducted successful flight tests of the RudraM-II air-to-surface missile from an airborne platform. The trials were carried out under extreme release conditions with a critical trajectory that established the capability of all subsystems. The series of releases tested the missile's guidance, seeker and propulsion elements in an operationally representative environment. The missiles, released from the aircraft, were guided to a predefined target with pinpoint accuracy and all test objectives were fully..