Espoo-based Enevo is finding gold in those trash bins.
That is if you count the attention from investors. The company today announces a $15.8 million funding round led by Foxconn, Ginko Ventures and Mistletoe, with Earlybird, Lifeline Ventures, Finnish Industry Investment and private individuals joining as existing investors.
IoT will transform many industries, and Enevo’s plug-and-play solution and frictionless business model are truly changing the waste management industry
Enevo’s ONe waste logistics operations management solution puts some knowledge into shared trash bins and dumpsters. Their devices uses fill-level sensors to build analytics and smart routing for waste collection. Their ONe solution has already hit 35 countries with 145 customers. The company says they can save cities up to 50% of direct costs with a higher service quality.