The startup offers a cloud-based waste management system that connects waste generators, aggregators, and recyclers to facilitate compliance with extended producer responsibility (EPR) regulations. This platform enables FMCG and electronics brands to implement consumer awareness and take-back programs, promoting sustainable practices while generating measurable social, economic, and environmental benefits.
Funding
$38.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many FMCG and electronics brands struggle to effectively manage waste generated from their products and packaging, hindering their ability to comply with Extended Producer Responsibility (EPR) regulations. Implementing and tracking consumer awareness and take-back programs is complex, making it difficult to promote sustainable practices and demonstrate measurable environmental benefits.
Solution
Recykal offers a cloud-based platform that connects waste generators, aggregators, and recyclers, streamlining the waste management process and facilitating EPR compliance. The platform enables brands to implement and monitor consumer awareness and take-back programs for various waste streams, including plastic, e-waste, battery, tyre, and used oil. Recykal's solution provides transparency and traceability throughout the waste management lifecycle, ensuring that waste is properly collected, segregated, and recycled. By connecting stakeholders and providing access to market dynamics and competitive pricing, Recykal empowers businesses to make informed decisions, optimize waste management practices, and achieve their sustainability goals.
Target Audience
Recykal's primary customers include FMCG brands, electronics manufacturers, and other organizations obligated to comply with EPR regulations, as well as recyclers, waste aggregators, and government agencies seeking to improve waste management efficiency and sustainability.
Features
- EPR Loop: Facilitates EPR target achievement through collection, segregation, and recycling, offering continuous material supply, online documentation, audit trails, logistics support, and automated compliance reporting.
- Marketplace: Connects bulk generators, aggregators, recyclers, and co-processors, providing access to market dynamics and competitive pricing for informed decision-making.
- Smart Centre: Digitizes waste management centers, improving waste sorting infrastructure with digital workflows, quality control checks, and inventory tracking.
- Digital Deposit Refund System (dDRS): Enables high collection rates through a digitally powered deposit return scheme, involving citizens, vendors, retailers, and logistics groups.
- Traceable Plastic Recovery: Helps businesses offset their plastic footprint and meet consumer demand for sustainable practices through traceable plastic recovery programs.
- Circularity Platform: SaaS-based platform to track and trace industrial waste flow, monitor ESG and SDG metrics, and ensure certified waste disposal.
- E-Waste Disposal Platform: Facilitates compliant and secure disposal of E-Waste & IT assets with real-time bidding & traceability.