Minimac Systems raises Rs 30 Cr to scale lubricant recycling
What's the deal? Minimac Systems, an industrial deep-tech company, has raised Rs 30 crore (about $3.16 million) in a pre-Series A round led by RainmatterDealroom has a profile for this one. Try Dealroom →, the Zerodha-backed investment firm, with participation from other venture capital firms.
What's the endgame? Founded in 2012 by Anshuman Agrawal, Minimac focuses on lubricant lifecycle management and circularity. It develops miniaturised fluid-treatment systems and runs Recycling on Wheels, a mobile on-site lubricant restoration model, while building a Lubricants as a Service offering.
Where's the money going? Proceeds will fund R&D in miniaturised treatment infrastructure, fleet automation, and fluid analytics. Minimac also plans to scale Recycling on Wheels through regional hubs across major industrial clusters and strengthen its commercial, digital, and operational capabilities.
Its platform spans three stages: monitoring lubricant inside machines, restoring recoverable fluid at plants, and sending unrestorable lubricant to registered re-refiners for conversion into re-refined base oil. The mobile systems process 10 to 4,000 litres per minute, treating lubricant on site before returning it to service.
Traction? The company says it has deployed more than 2,500 fluid-treatment systems with over 300,000 litres per minute of installed capacity, worked across 2,200 industrial assets, and kept over 14 million litres of lubricant in productive use. Its customers include NTPCDealroom has a profile for this one. Try Dealroom →, Adani PowerDealroom has a profile for this one. Try Dealroom →, JSW SteelDealroom has a profile for this one. Try Dealroom →, and Tata SteelDealroom has a profile for this one. Try Dealroom →.
Why now? India is the world's third-largest lubricant market, consuming more than 5 million tonnes annually, while its base-oil import bill has crossed $2.7 billion, per market research cited by the company. Minimac aims to abate 860 gigagrams of CO₂e emissions by 2034.
The signal: Lubricant circularity is still niche in India, with players like Santosh Petrochemical InnovationsDealroom has a profile for this one. Try Dealroom → and ReVivo's LubeLoop in used-oil re-refining. But investor interest in industrial circularity is building: Re SustainabilityDealroom has a profile for this one. Try Dealroom → teamed with Indian OilDealroom has a profile for this one. Try Dealroom → in March 2026 on a nationwide used-oil ecosystem, and Rainmatter backed chemical recycler PolyCyclDealroom has a profile for this one. Try Dealroom → in January 2026.
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Image credit: Generated with Gemini
