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Ecoil raises 2.5 million to scale biofuel from used cooking oil across India
Startups
Published on 24 April 2026
Used restaurant oil becomes fuel
Clean energy startup Ecoil raised $2.5 million in a funding round led by Fundalogical Ventures. Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, Ecoil collects used cooking oil from restaurants and hotels, manages it, and converts it into biofuel. The fresh capital will help expand operations, upgrade its technology platform, and grow its footprint across major Indian markets.
- Ecoil secures a $2.5 million round led by Fundalogical Ventures
- Startup sources used cooking oil from restaurants and hotels
- Funds target scaling operations and strengthening its tech platform
- Biofuel production aims to expand across major markets in India
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times