30 Vinesh Sinha
Converting Waste to Wealth
While Vinesh Sinha’s adolescent peers were occupied with attending to their grades at school, the inquisitive young man found himself yearning for an alternative purpose in life, often questioning why things are done in a certain way especially pertaining to his interest in automobiles. This distinctive trait spurred Vinesh to tread down an unprecedented path, sparking his interest in the biofuel industry.
His interest took a serious turn once he enrolled in London’s School of Commerce but he did not return home with a degree scroll. Instead, his time at London served as the impetus for his company FatHopes Energy, which he founded after cashing out on his university tuition fees. The company’s business model falls back on turning waste oils collected from the food industry into biofuels.
It’s been eight years since the inception of FatHopes Energy but Vinesh has his sights set on covering the ASEAN region come 2020. “We have developed internally a state-of-theart IOT technology that significantly improves collection activities and drastically increases traceability – providing robust and reliable live data of location, fill level and frequency of service,” says Vinesh who was also on Forbes’ 30 Under 30 this year.
To ensure the business is sustainable, Vinesh says the company adopts a “waste to wealth conversion” business model. “We understand that we cannot build a global business around a tree-hugging mentality, hence we have built our model around growing economic value to all our stakeholders while conducting business in an environmentally-compliant manner.”