Ecoil

Overview

Ecoil is an innovative startup focused on transforming used cooking oil into eco-friendly biodiesel, aiming to tackle food waste and reduce environmental pollution. Established in 2018 in Jaipur, India, it was founded by Sushil Vaishnav, Kirti Vaishnav, Neelam Jain, and Parul Jain. Ecoil has effectively attracted investments and made strategic advancements in sustainable fuel production, raising notable funding, including a recent round of $2.5 million led by Fundalogical Ventures. Operating within the clean energy sector, Ecoil engages with various stakeholders including restaurants and food outlets, fostering a circular economy by converting waste into renewable energy solutions.

Recent Developments

April 2026: Ecoil secured $2.5 million in its Series A funding round led by Fundalogical Ventures, with participation from notable investors like Caspian Impact Investment and Momentum Capital. This funding is earmarked for scaling operations and expanding into additional markets across India.[11]
March 2025: Ecoil featured on Shark Tank India, which helped elevate its public profile and showcased its model of turning waste cooking oil into biodiesel. This event underscored Ecoil’s strong revenue model, appealing despite the inherent challenge of profit balancing with sustainability goals.[8]
December 2023: The Chennai Angels, along with other investors, provided INR 3 Crores to Ecoil, enhancing its ability to meet the demands for sustainable aviation fuels, marking a significant step toward Ecoil's goal of comprehensive waste management solutions.[7]

Attribute	Information
Founding Date	2018
Headquarters	Jaipur, India
Founders	Sushil Vaishnav, Kirti Vaishnav, Neelam Jain, Parul Jain
Revenue	Not Publicly Disclosed
Profits	Not Publicly Disclosed
Key Investors	TCA, AIC Banasthali, Shell E4, Fundalogical Ventures
Industry	Clean Energy
Number of Employees	35

Early History

Ecoil began its journey in 2018 when the founders noticed a critical need for proper disposal and recycling of used cooking oil in Rajasthan, India. They identified that a significant quantity of used oil was either improperly discarded or resold, posing environmental and health risks. As a response, Ecoil was founded with the mission to transform this waste into valuable biodiesel, providing a safer alternative to traditional fossil fuels and preventing further oil contamination.

Company Profile and Achievements

Ecoil operates within the clean energy and waste management sector, focusing on a sustainable business model that transforms used cooking oil into biodiesel. The company tackles the challenge of oil adulteration by creating a technology-enabled supply chain that ensures traceability and compliance:

Waste-to-Energy Conversion: By collecting used oils from restaurants and hotels, Ecoil prevents harmful reuse in cooking.
Biodiesel Production: Utilizes a chemical conversion process to produce biodiesel, offering a cleaner fuel alternative.
Strategic Partnerships: Collaborated with entities like Shell India and AIC Banasthali to expand its operational capabilities.
Funding Milestones: Successfully raised substantial capital to foster growth and reach into newer markets.[10]

Current Operations and Market Position

Currently, Ecoil is a leader in the niche of waste-to-biodiesel transformation in India, with a focus on technology-driven logistics and collection solutions. They mitigate health risks by diverting waste oil away from the food chain and into biofuel production, effectively addressing the challenges of oil adulteration. As the global demand for sustainable energy solutions grows, Ecoil’s strategic initiatives position it as a key player in India’s expanding clean tech sector, which is projected to grow significantly by 2030.[12]

Conclusion

Ecoil stands at the forefront of the clean energy movement within India, providing essential services in the conversion of used cooking oil to biodiesel. The company's commitment to sustainability, allied with successful funding rounds, positions it favorably within a rapidly evolving cleantech landscape. By continually expanding its operations and stakeholder engagement, Ecoil not only promises a cleaner, greener future but bolsters its potential to influence broader environmental change across India and beyond.