This startup operates a recycling service that processes electronic waste to extract precious metals like gold and silver. Through an online mobile app, users can schedule pickups or drop off unwanted electronics, creating a revenue stream while reducing environmental impact.
Funding
$640K 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
The increasing volume of electronic waste (e-waste) poses a significant environmental threat due to improper disposal and the presence of hazardous materials. Many recycling facilities lack the necessary technology and adherence to regulatory guidelines, leading to pollution and inefficient resource recovery. A lack of transparency in the e-waste disposal process also makes it difficult for consumers and businesses to track and ensure responsible recycling of their discarded electronics.
Solution
Telcov provides a licensed and environmentally responsible e-waste recycling service that recovers precious metals and other valuable materials. The company offers a user-friendly mobile app that allows individuals and businesses to schedule pickups or drop off their unwanted electronics. Telcov streamlines the recycling process, offering customers the option to receive cash or precious metal bullion in exchange for the value of their e-waste. By implementing a tracking system, Telcov provides transparency, enabling customers to monitor the recycling journey of their discarded devices and ensure ethical disposal.
Target Audience
Telcov serves individuals, businesses, and organizations seeking a convenient, transparent, and environmentally responsible solution for managing electronic waste.
Features
- Mobile app (Android and iOS) for scheduling e-waste pickups and drop-offs
- Certified destruction and recycling processes compliant with Department Of Environment Malaysia (DOE) standards
- Recovery of precious metals, including gold and silver, from e-waste
- Option to receive cash or Telcov-certified precious metal bullion (gold and silver bars) in exchange for e-waste value
- Tracking codes provided upon collection, linked to a disposal report for customer access
- Refurbishment of devices for reuse in education, telecommunications, and medical applications
- State-of-the-art recycling equipment to minimize pollution