7 Top Recycling Startups Impacting The Industry in [2023]

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7 Top Recycling Startups Impacting The Industry in [2023]

Have you ever wondered who is on the list of Recycling Companies with the highest growth rates?

You’re not alone.

There are hundreds of Recycling Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 7 fast-growing Recycling Startups that have top-tier venture capital funding.

What are Recycling Startups?

Recycling startups are companies that have been created to develop and introduce new technologies and services for the purpose of recovering and reusing resources, such as plastic, paper, metal, and glass, from discarded waste. 

They are typically driven by a mission to reduce the amount of waste in landfills and promote sustainability. These startups often focus on developing innovative solutions to reduce the environmental impact of waste, such as developing new methods of recycling, improving existing methods, and developing new products made from recycled materials.

Top 7 Fastest-Growing Startups In Recycling

1) Rubicon

Rubicon is a software firm that offers smart garbage and recycling solutions to businesses and governments all around the world.

Details of the startup:

  • Country: United States
  • City: Atlanta
  • Started in: 2008
  • Founders: Lane B. Moore, Marc Spiegel, Nate Morris, Perry Moss
  • Number of employees: 251-500
  • Funding amount: $222,699,949
  • Number of funding rounds: 8
  • Number of investors: 27

You can find their website here.

2) AMP Robotics

At a tenth of the cost of current technology, AMP Robotics develops AI-based robotic systems that sort recyclable materials.

Details of the startup:

  • Country: United States
  • City: Louisville
  • Started in: 2015
  • Founders: James Bailey, Matanya Horowitz
  • Number of employees: 51-100
  • Funding amount: $74,465,813
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.

3) Rheaply

Rheaply is a procurement management platform that allows you to purchase, sell, trade, donate, and rent resources.

Details of the startup:

  • Country: United States
  • City: Chicago
  • Started in: 2015
  • Founders: Garry Cooper, Tyler Skelton
  • Number of employees: 11-50
  • Funding amount: $12,700,000
  • Number of funding rounds: 4
  • Number of investors: 16

You can find their website here.

4) Li-Cycle

Li-Cycle is a clean technology firm on a mission to use its unique solutions to address a worldwide problem that is becoming increasingly urgent.

Details of the startup:

  • Country: Canada
  • City: Mississauga
  • Started in: 2016
  • Founders: Ajay Kochhar, Tim Johnston
  • Number of employees: 11-50
  • Funding amount: $2,700,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

5) Fourth Partner Energy

Fourth Partner Energy offers consumers in India turnkey rooftop solar energy systems.

Details of the startup:

  • Country: India
  • City: Hyderabad
  • Started in: 2010
  • Founders: Saif Dhorajiwala, Vikas saluguti, Vivek Subramanian
  • Number of employees: 11-50
  • Funding amount: $138,332,785
  • Number of funding rounds: 7
  • Number of investors: 12

You can find their website here.

6) Enevo

Enevo is a forward-thinking organization with a mission to reduce waste’s financial, environmental, and social costs.

Details of the startup:

  • Country: Finland
  • City: Espoo
  • Started in: 2010
  • Founders: Fredrik Kekalainen, Johan Engström
  • Number of employees: 51-100
  • Funding amount: $55,363,230
  • Number of funding rounds: 6
  • Number of investors: 15

You can find their website here.

7) Blocktexx

BlockTexx is an environmentally friendly enterprise that recovers polyester and cellulose from textiles and garments.

Details of the startup:

  • Country: Australia
  • City: Sydney
  • Started in: 2018
  • Founders: Adrian Jones, Graham Ross
  • Number of employees: 1-10
  • Funding amount: A$4,500,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

FAQs

Is Recycling Business Profitable?

Yes, recycling businesses can be profitable. Recycling businesses typically generate revenue by collecting, sorting, and selling recyclable materials. 

Depending on the type of materials being recycled, businesses can often make a profit by selling the materials to manufacturers that use recycled resources in their production processes. 

Additionally, businesses may be able to reduce their costs by taking advantage of government grants and incentives to encourage recycling.

What Is The Average Investment In Recycling?

The average investment in a recycling business can vary greatly depending on the type of recycling business you plan to start and the scale of operations. 

Generally speaking, the average investment for a small-scale recycling business can range from a few thousand dollars to tens of thousands of dollars. 

For larger-scale recycling businesses, the investment can range from hundreds of thousands of dollars to millions of dollars.

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