Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, ECOIL builds a tech-enabled collection and logistics network to aggregate used cooking oil from restaurants, hotels, and food businesses. The platform focuses on improving traceability, compliance, and aggregation of this feedstock for biodiesel and sustainable aviation fuel producers. ECOIL also works to organize a fragmented supply chain and integrate informal workers into a formal collection network. The company is scaling operations and strengthening its technology platform, with plans to expand into additional markets across India. Its business has attracted strategic and impact investors, including seed backing from Shell and participation from impact-focused funds in the Series A. No revenue or user metrics were disclosed in the article.

Total raised

$3M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2026