In a pre-Series A funding round led by Zerodha-backed investment firm Rainmatter and involving other venture capital firms, industrial deep-tech company Minimac Systems raised Rs 30 crore.
The money raised will be utilized to further research and development in fluid analytics, fleet automation, and miniaturized treatment infrastructure. According to a news statement from Minimac Systems, the company will also improve its commercial, digital, and operational skills and expand its Recycling on Wheels model through regional hubs throughout significant industrial clusters.
Anshuman Agrawal founded Minimac Systems in 2012 with an emphasis on circularity, dependability, and lubricant lifecycle management. The company is creating Lubricants as a Service, Recycling on Wheels, a mobile on-site lubricant restoration model, and miniaturized fluid-treatment devices.
India is the world’s third-largest lubricant market, consuming more than 5 million tonnes of lubricants and greases annually, while its annual base-oil import bill has crossed $2.7 billion, according to market research cited by the company.
Minimac’s platform covers three stages of lubricant management. NanoCircularity monitors lubricant inside machines through condition monitoring, contamination control and fluid-health analytics. MicroCircularity restores recoverable lubricant at industrial plants by removing contaminants, moisture and degradation by-products. MacroCircularity sends lubricant that cannot be restored to registered re-refiners for conversion into re-refined base oil (RRBO).
Mobile, miniature treatment systems with processing capacity ranging from about 10 to 4,000 liters per minute are used in its Recycling on Wheels product. At industrial locations, these systems evaluate and clean lubricant before putting it back into service. By 2034, the corporation wants to reduce CO2 emissions by 860 gigagrams.
Minimac intends to oversee the supply, monitoring, restoration, compliance, and end-of-life recovery of lubricants in industrial facilities. Instead of focusing only on product sales, its suggested contracts will be based on uptime, fluid health, and agreed outcomes.
With a total installed processing capacity of more than 300,000 liters per minute, the company claims to have deployed more than 2,500 miniaturized fluid-treatment devices. Over 2,200 industrial assets have been utilized, and over 14 million liters of lubricant have been retained in productive usage in both Indian and foreign markets. JSW Steel, Tata Steel, Adani Power, and NTPC are among its clients.
With firms like Santosh Petrochemical Innovations and ReVivo’s LubeLoop focused on resource recovery and used-oil re-refining, the lubricant circularity market remains limited in India.
With ambitions to gather 100 KTA of used lubricants and establish a 50–100 KTA re-refining factory, Re Sustainability joined forces with Indian Oil Corporation in March 2026 to create a statewide used-oil collection and recycling ecosystem.
Investors are also showing interest in nearby industrial circularity businesses. For its chemical recycling technology, PolyCycl raised a Series A round from Rainmatter in January 2026.
