fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Clean Technology

AC Ventures co-leads $5m funding in waste management tech Waste4Change

Team AsiaTechDaily by Team AsiaTechDaily
15 October 2022
in Clean Technology
0
Waste4Change
24
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Indonesia-based waste management technology firm Waste4Change announced that it secured a $5 million Series A funding round, co-led by AC Ventures and PT Barito Mitra Investama. The round was joined by Basra Corporation, Paloma Capital, PT Delapan Satu Investa, Living Lab Ventures, SMDV, and Urban Gateway Fund.

Waste4Change is a waste management platform for companies, individuals, and government agencies in Indonesia. The firm’s mission since its inception in November 2014 has been to solve waste problems to prevent leakage to the environment and to reduce the amount of waste that ends up in landfills.

Waste4Change will use the fresh capital to further expand its reach and increase waste management capacity up to 100 ton per day in next 18 months and reach more than 2,000 tons per day over the next five years.

This involves integrating more digital technology into the monitoring and recording processes of the waste management flow and automating material recovery facilities.

It will also help Waste4Change to strengthen partnership with the country’s informal solid waste sector,
currently powered by scavengers, waste banks, waste stalls, and waste aggregators.

Waste4Change is present in 21 Indonesian cities, managing more than 8,000 tons of waste per year. It has collected waste from 100+ B2B clients and 3,450+ household clients. Since 2017, it has grown at a CAGR of 55.1%.

“Indonesia’s waste management sector is still growing, and we are more than ready to assist in the process. With its low 11-12% recycling rate based on Ministry Environment and Forestry data, we know that there are still a lot of valuable materials ready to be brought back into the loop,” said Waste4change founder and CEO Mohamad Bijaksana Junerosano.

With a population of more than 270 million, Indonesia has the largest waste management problem in Southeast Asia, with the recycling rate based on Ministry Environment and Forestry’s data still remarkably low at 11-12%. But this may soon change as regulators bring new policies into the fold.

Previous Post

Indonesian fintech startup Ayoconnect raises $13m more in Series B funding

Next Post

Indonesian fintech startup Pocket nets pre-Seed funding

Related Posts

edit post
TRIREC
Clean Technology

TRIREC, INNOPOWER team up for $100m green energy fund

May 30, 2023
edit post
Stride
Clean Technology

Cleantech startup Stride raises $2m to support Vietnam’s clean energy transition

May 24, 2023
edit post
TablePointer
Clean Technology

Singapore’s TablePointer raises $3m to expand energy efficiency platform

April 12, 2023
edit post
Team VFlowTech
Clean Technology

With $10m from Series A, VFlowTech eyes global expansion of vanadium-based renewable energy storage solutions

February 27, 2023
edit post
BillionBricks
Clean Technology

BillionBricks scores $2.4m in Thakral-led funding round

December 31, 2022
edit post
VOX
Clean Technology

Continuum raises $36 million to accelerate the expansion, meet customer demand

December 20, 2022
Next Post
edit post
Pocket

Indonesian fintech startup Pocket nets pre-Seed funding

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback