Ecoil, a Jaipur-based eco-friendly gasoline production startup, has raised INR 3 Crores in funding led by The Chennai Angels to enhance its operations in transforming used cooking oil into biodiesel.
Information on the Target
Located in Jaipur, Rajasthan, India, Ecoil is an innovative startup focused on the sustainable production of gasoline. Founded by Sushil Vaishnav and Kirti Vaishnav, Ecoil specializes in turning used cooking oil and fats into biodiesel, providing essential waste management solutions tailored for manufacturers and fast-food establishments. With a mission centered on reducing health risks and carbon emissions, Ecoil is committed to addressing the pressing issue of improper disposal of used cooking oil.
Ecoil has successfully raised INR 3 Crores in a funding round led by The Chennai Angels, with participation from AIC Banasthali Vidyapith Foundation, Shell India, and notable high-net-worth individuals. The company plans to utilize the raised funds to enhance its logistics, infrastructure, and automation processes, as well as to invest in acquiring new talent.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in India
The Indian market is experiencing a significant shift towards sustainability, with a growing emphasis on eco-friendly solutions, particularly in the energy sector. India faces substantial challenges regarding waste management, especially regarding used cooking oil disposal. Alarmingly
Similar Deals
The Chennai Angels
invested in
Ecoil
in 2024
in a Seed Stage deal
Disclosed details
Transaction Size: $0M