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Recyle Track Systems
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Commercial waste management and recycling services
Recyle Track Systems
Work Here?
Commercial waste management and recycling services
About Recyle Track Systems
Industries
Social Impact
Consumer Goods
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$148M
Headquarters
New York City, New York
Founded
2014
Overview
Recycle Track Systems (RTS) focuses on commercial waste management by offering a variety of services aimed at reducing environmental impact. Their offerings include fully integrated waste management solutions, on-demand waste removal, and tailored recycling and sustainability plans for businesses and communities across different industries. RTS utilizes technology to improve operations and enhance customer experience, allowing clients to schedule pickups, track waste management activities, and receive notifications through their app. The company differentiates itself by conducting in-person analyses to create customized operations plans and waste diversion strategies that meet the specific needs of each client. RTS aims to provide efficient and sustainable waste management solutions while ensuring reliable customer support and transparent pricing.
Simplify's Take
What believers are saying
- RTS secured a ten-year contract in NYC, boosting sustainability initiatives.
- RTS's partnership with Kansas City Royals expands its Midwest presence.
- RTS received $40M funding to enhance AI innovation and expand solutions.
What critics are saying
- Increased competition from startups using advanced AI could threaten RTS's market share.
- Potential regulatory changes in NYC could increase RTS's operational costs.
- Integration of Cycle Technology's RVM may face technical challenges, delaying benefits.
What makes Recyle Track Systems unique
- RTS uses AI-powered Pello sensors for real-time waste data collection.
- RTS offers app-based on-demand waste pickup services for customer convenience.
- RTS acquired Cycle Technology to enhance recycling through gamification and rewards.
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Funding
Total Funding
$148M
Above
Industry Average
Funded Over
6 Rounds
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↑ 15%RTS says it staved off default by accepting $40 million in funding on less favorable terms from existing investors led by Edison Partners.
Recycle Track Systems (RTS) has secured over $40 million in financing to enhance AI innovation and expand sustainable waste solutions across North America. Led by Edison Partners, with participation from Volition Capital and others, the funding will accelerate RTS's deployment of AI-powered Pello sensors, enabling real-time waste data collection. RTS has also secured a ten-year contract in NYC, advancing sustainability initiatives with local haulers.
As a part of the certification process, Csr Company partnered with the sustainability team at Recycled Track Systems (RTS) and established some programs and initiatives at its Workshop, including but not limited to:
KANSAS CITY, Mo., March 20, 2024 /PRNewswire/ -- The Kansas City Royals and Recycle Track Systems, Inc. (RTS), a leader in waste management and recycling solutions with their leading-edge Artificial Intelligence tracking platform, are pleased to announce a strategic partnership aimed at elevating sustainability efforts at Kauffman Stadium. Beginning with the 2024 season, this collaboration represents a forward-thinking approach to environmental stewardship within the sports arena. Kansas City Royals and RTS Forge Strategic Partnership for Enhanced Sustainability at Kauffman Stadium. RTS is excited to extend its reach into Kansas City, continuing its rapid expansion in the Midwest that has spread from its Columbus, Ohio office. The new partnership signifies RTS's commitment to enhancing its footprint in the region and amplifying its sustainability initiatives across the Midwest
Recycle Track Systems, Inc. (RTS), a leader in cutting edge traceability and sustainability solutions utilized in the materials, waste, and recycling industry, has acquired the assets of Cycle Technology, Inc. (Cycle), including its reverse vending machine (RVM) technology and recycling rewards platform, as part of ongoing commitment to increase innovation by expanding recycling through engagement programs, like gamification and rewards.
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About Recyle Track Systems
Industries
Social Impact
Consumer Goods
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$148M
Headquarters
New York City, New York
Founded
2014
There are no jobs for Recyle Track Systems right now.
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