
Noovoleum
Recycling used cooking oil into eco-friendly products with AI-driven collection and profit-sharing incentives.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $1.0m Valuation: $15.0m | Early VC | |
Total Funding | 000k |
Noovoleum PTE is a company focused on transforming used cooking oil (UCO) into eco-conscious products through recycling. Operating primarily in Indonesia, the company targets households and small producers, providing them with convenient UCO collection points. By depositing UCO into designated collection boxes, participants receive instant credit, making the process both simple and financially rewarding. Since its inception in 2022, Noovoleum has leveraged proprietary technologies and AI solutions to optimize the collection process, maximizing efficiency and participation. The business model revolves around profit-sharing incentives, encouraging widespread adoption and engagement. Noovoleum's mission is to empower individuals to become green energy champions, contributing to a healthier planet and a more sustainable future. Keywords: recycling, used cooking oil, eco-friendly, AI solutions, profit-sharing, Indonesia, households, small producers, green energy, sustainability.