noovoleum Pte Ltd

Noovoleum is a Singapore-based company specializing in the collection and recycling of Used Cooking Oil (UCO) through innovative technology and sustainable practices. Founded in 2022, Noovoleum focuses on transforming Used Cooking Oil into eco-friendly products. The company has successfully completed 1 deal, with the most recent deal occurring on February 10, 2025. In this round, Noovoleum raised USD 3.

00 mn led by Rigel Capital. It has its operations primarily in Singapore and Indonesia. Noovoleum specializes in the collection and recycling of Used Cooking Oil (UCO), leveraging proprietary technologies and artificial intelligence to enhance operational efficiency. The company's core offerings include a user-friendly app, UCOllect, which facilitates the identification of local UCO collection points, as well as the convenient deposit of UCO into designated collection boxes.

By targeting households and small producers, Noovoleum aims to transform previously used cooking oil into eco-friendly products, thereby promoting sustainability and environmental responsibility. The company operates across various geographical markets, including Singapore and Indonesia, providing services that cater to environmentally-conscious consumers eager to participate in the recycling process. Noovoleum generates revenue through a profit-sharing model that incentivizes users to collect and deposit their UCO. The transaction structure primarily revolves around direct-to-consumer interactions, where individuals deposit their used cooking oil into collection boxes and receive instant credit in return.

This credit can be used for future transactions or withdrawn easily, creating a seamless user experience. The company's innovative approach encourages consistent participation from households and small producers, potentially enhancing customer retention and engagement over time. Noovoleum’s focus on sustainability positions it favorably within the growing green energy sector, appealing to a customer base that values eco-conscious initiatives and products. In February 2025, Noovoleum raised USD 3.

00 mn in venture funding led by Rigel Capital. The company will utilize this funding to expand its UCOllect Box network across Indonesia and into three other Asian countries, while advancing its recycling and sustainability efforts.