Ecoil lands investment led by The Chennai Angels

In India, Ecoil has secured $360,317 in a funding round led by The Chennai Angels, with participation from AIC Banasthali Vidyapith Foundation, Shell India, and other high-net-worth individuals. Ecoil specializes in transforming used cooking oil and fats into biodiesel, offering comprehensive waste management solutions for manufacturers and fast-food outlets. The funds acquired will be used to enhance liquid logistics, infrastructure, and automation, with additional investment in talent acquisition.

Founder Sushil Vaishnav highlighted the startup’s mission, underscoring their dedication to tackling health risks and cutting carbon emissions by stating that, “In response to the alarming increase in heart attacks and critical diseases like cancer and Alzheimer’s in India, we recognize the absence of a singular solution. Our focus is on the crucial yet often overlooked factor of correct ‘used cooking oil disposal’.”