Waste company RecycleSmart has launched an equity crowdfunding campaign to fund its nationwide expansion, intending to have a footprint in every capital city in the country by year-end.
The company claims that it collects almost everything that cannot be thrown into council recycling bins for recycling or repurposing. These include soft plastics, coffee pods, batteries, blister packs, electronics and clothes.
RecycleSmart’s app allows customers to book pickups, and the platform analyses the collected data and provides data and insights to the customer.
Co-founder and CEO Giorgio Barrachi anticipates customers to lead the crowdfunding campaign. Currently, the company is backed by Antler, Brisbane Angels, and Prisma Capital.
“Through our partners, we can shred soft plastics and convert them into feedstock oil. We donate clothes and textiles in sellable condition to the Australian Red Cross or other charities and repurpose and recycle if they’re not,” Barrachi said.
“Valuable materials are extracted from e-waste. Polystyrene is granulated and pelletised to be transformed into raw material that can be used to make park benches, skirting boards, and even bee hives. We make sure every item has a second life.”
The company says it has saved more than 800 tonnes of material from landfill during the past five years.
