This startup operates a plastic recycling facility that collects plastic waste from traditional fishermen and processes it into sustainable products using advanced recycling techniques. By transforming ocean-bound plastic into usable materials, the company directly addresses the issue of marine pollution while providing clients with eco-friendly alternatives.
Funding
$800K 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 Mediterranean Sea faces a severe plastic pollution crisis, with an estimated 1.178 million tons of plastic already present and an additional 229,000 tons entering each year, threatening marine ecosystems and biodiversity. Traditional methods of plastic waste management are insufficient to address the scale of the problem, necessitating innovative solutions for both removal and repurposing of marine plastics.
Solution
Gravity Wave addresses marine plastic pollution by partnering with traditional fishermen to collect plastic waste from the Mediterranean Sea and ports. The company transforms this ocean-bound plastic into recycled materials, including Gravitec® recycled plastic panels and pellets, through a circular economy model. Gravity Wave offers businesses the opportunity to finance plastic cleanup efforts and utilize sustainable materials in their products and projects, promoting environmental responsibility and reducing reliance on virgin plastics. The company uses blockchain technology to ensure transparency and traceability throughout the plastic recovery and recycling process, from collection to transformation into new products.
Target Audience
Gravity Wave primarily targets environmentally conscious businesses in architecture, design, manufacturing, and retail seeking sustainable materials and corporate social responsibility initiatives, as well as public entities aiming to incorporate eco-friendly solutions in urban development.
Features
- Partners with a network of over 7,000 traditional fishermen across Greece, Italy, Egypt, and Spain for plastic collection
- Offers Gravitec® recycled plastic panels in various sizes and thicknesses for architectural and decorative applications
- Produces Gravitec® HDPE and PP recycled plastic pellets suitable for manufacturing diverse products
- Provides a system for customers to return Gravitec® panels for revalorization at the end of their useful life
- Employs blockchain technology to track and verify the origin and processing of recycled plastics
- Offers corporate partnerships for plastic cleanup initiatives, enabling businesses to meet ESG goals
- Provides detailed reports to partners, including data on collection locations, dates, and quantities of plastic recovered
- Certified with ISO 14001, EuCertPlast, and RecyClass