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Key people at Ecofuel.
EcoFuel Technologies develops proprietary systems converting waste plastics into consumption-ready diesel or gasoline. Its unique low-temperature catalytic pyrolysis process (350°C-450°C), with nano-engineered catalysts, achieves yields over 80%. The technology efficiently processes commingled, impure plastics, reducing pre-processing and operational costs for clients seeking sustainable solutions.
Founded by Swaminathan Ramesh, EcoFuel Technologies emerged from his insight into discarded plastics as squandered energy. Ramesh recognized a novel chemical process could unlock inherent value in non-reusable plastics, transforming an environmental burden into an energy source. His vision established the company to create tangible fuel from waste.
The company serves organizations seeking sustainable waste management and alternative fuel sources. EcoFuel Technologies aims to mitigate global plastic pollution by providing an economically viable method to convert diverse plastic waste streams into high-quality liquid fuels. Its vision is to empower communities to transform waste into local energy, fostering a circular economy.
Ecofuel has 4 tracked investments across 4 companies. The latest tracked deal is $2.0M Other Equity in Rithmik Solutions in March 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 22, 2024 | Rithmik Solutions | $2.0M Other Equity | — | Angelone, Archangel, Chrysalix Energy Venture Capital, Cycle Momentum, Devcap, Golden Triangle Angel Network, Diane Wolfenden, Shaheel Hooda |
| May 1, 2023 | ChrysaLabs | $11.0M Series A | — | AT ONE Ventures, BDC Venture Capital, Fulcrum Global Capital, Anges Québec, AQC Capital, Emmertech, Koan Capital, Juergen Eckhardt, Mario Mele |
| Feb 9, 2022 | Axya | $4.3M Seed | BDC Capital | Desjardins Capital, Real Ventures |
| Jun 19, 2018 | POTLOC | $2.5M Seed Extension | Ecofuel | CapHorn Invest, Desjardins Capital |
Key people at Ecofuel.
