Greenwave Circularity raises $31.5 mn from Development Bank of Austria

Greenwave Circularity raises $31.5 mn from Development Bank of Austria

“The investment is, at the outset, creating the most modern infrastructure, backed by European technology and powered by AI (artificial intelligence) and ML (machine learning). The idea is to go beyond recycling. It’s not just about converting a bottle back into a bottle; it’s also about doing the same job with the lowest possible carbon footprint,” said Devang Kumar, founder and chief executive, Greenwave Circularity.

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