Ecoil, a clean energy startup based in India, has successfully raised $2.5 million in a funding round led by the early-growth stage venture capital firm Fundalogical Ventures. Other investors included Caspian Impact Investment, Momentum Capital, and existing backer The Chennai Angels. Founded in 2019 by Sushil Vaishnav and Kirti Vaishnav, Ecoil specializes in collecting and managing used cooking oil from various food businesses, including restaurants and hotels. The startup utilizes a technology platform and logistics network to ensure compliance and facilitate the conversion of this oil into biodiesel and sustainable aviation fuel (SAF). The company highlights the importance of organized collection systems, as used cooking oil often ends up improperly disposed of, posing health and environmental risks. Anil Saldanha from Fundalogical Ventures emphasized Ecoil's role in improving India's biofuels ecosystem by enhancing feedstock aggregation and supply chain efficiency. Momentum Capital's Ankur Shrivastava noted that Ecoil's efforts could unlock new opportunities in the biofuels market.