Biofuels Junction
Founders: Ashvin Patil & Chaitanya Korgaonkar
ClimaFii Alliance: Cohort 2025
Sector: Agri-Waste to Biofuel
Biofuels Junction is a technology-led platform serving as a large-scale aggregator and supply chain manager for biofuels and biomass across India. The company focuses on identifying and incubating rural entrepreneurs and micro-entrepreneurs who process agricultural residues into solid biofuels like briquettes and pellets, which are then supplied to large corporations. With a strong pan-India presence, Biofuels Junction supports its vendors—who often come from farming families or are agri-graduates—with technology, market access, and working capital. Their work supports over 2,000 rural entrepreneurs in adding value to agricultural residues directly at the farm gate, which maximizes efficiency and minimizes transport costs.
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About the Founders:
Ashvin Patil is a seasoned leader with over 20 years of experience bridging the gap between heavy manufacturing and high-stakes finance. An alumnus of VJTI (Engineering) and JBIMS (MBA), Ashvin’s career spans investment banking at Merrill Lynch and ICICI across Asia, as well as engineering roles at Godrej and Whirlpool. Currently at Biofuels Junction, he oversees business development, financial strategy, and supply chain risk, utilizing his unique blend of technical precision and global financial acumen.
Chaitanya Korgaonkar is a business development specialist with over 17 years of experience across the Banking, Automobile, and Agricultural Commodities sectors. Holding an MBA in Marketing, Chaitanya leverages his deep understanding of agri-supply chains to lead partner networks and client relationship management at Biofuels Junction. His multi-sector expertise is a key driver in the firm’s strategic growth and operational expansion.