WASTECLOUD IKE Thessaloniki, Greece

Company Website: https://wastecloud.co/

Company Email: hello@wastecloud.co

Employees: 5

Funding State: Bootstrapped


Industries

  • Environment & Energy (GreenTech, CleanTech)

Technology

  • Cleantech
  • Software
  • Web or Mobile Application

Business Model

  • B2B
  • B2C
  • B2G

Revenue Model

  • Marketplace/Brokerage
  • SaaS

Funding Sources

  • Other
  • Self

About

Cities around the world are facing growing populations which is expected to double by 2050. As a result intensified environmental challenges with Waste Management (WM) will be on top of the list. Additionally, the high administrative burden, the old fashioned service delivery channels, the weak service design and the “one size fits all” approach often discourage people and businesses to use public services. At the same time the waste tracking process is outdated and vulnerable. As a result illegal disposal is a global unsolved problem. Finally, the process of finding the right way to dispose an item properly, is many times leading to dead ends and has great financial impact to businesses. A great space for improvement in public and private sector waste related activities has been identified. The use of real life data and technology can radically improve what was previously considered state of the art. Wastecloud is doing that through the digitisation of an asset intensive sector.


Solution & Product

Wastecloud app is offered to different clients as an integrated web application accompanied with mobile applications when required. Specifically Wastecloud is offering commercially the following produsts: - Wastecloud City: Web and mobile applications to apply pay as you throw system for cities - Wastecloud Pro: Integrated digital platform for waste authorities and waste professionals - Wastecloud Producers: Monitoring, compliance and optimisation for responsible organisations Product features include -Real time recording of waste and material flows -Automatic generation of useful reports and documents -Implementation of complex pricing policy -Digital waste tickets -Environmental monitoring of waste treatment plants -Collaboration, delegation and task management -Business Intelligence System -Customer service and information portals -Hardware and software for enhanced waste tracking (RFID for waste bins, fleet management system for tracks)


Innovation & Scalability

Wastecloud is a digital platform that is leveraging infrastructure, assets and human behaviour to create a new waste management paradigm. We combine multidisciplinary knowledge to create products and services at the cross section of the physical and digital worlds. In an infrastructure and thus capital intensive sector we are using digital technology to minimise cost, increase environmental performance. At the same time, by providing different levels of access to different stakeholders like cities, businesses, citizens and recyclers we are enabling collaborative and innovative service creation and increasing the use and effectiveness of assets. Our integrated solutions combine: -Software as α database, where all data are loaded and analysed -Hardware, eg RFID Tags, PDAs, Fleet management system, that minimises human intervention, in order to ensure reliability. Each waste flow and the associated bodies (waste producers, transporters, receivers), can be fully identified in their whole lifecycle. We believe that in waste, as in every other industry, technology will radically change the way the services are created and delivered, and this belief was the fuel for this venture. We are making waste services more efficient, safer, cheaper and directly fit to our clients challenges. We are working to establish a new digital waste management paradigm in a multibillion euro global problem.


Traction & achievements

- 2 Contract awards from a major Waste Authority. - 1 Contract award from a major industrial technical group. - 1 Contract award from a major hospital center. - 1 Contract award from a major waste treatment facility. - 3 Waste Authorities under direct contract award. - 5 private companies in contract negotiation. - 3 municipalities under direct contract awards. Achievements from using our digital solutions: -decrease of different datasets/worksheets per month by 95% -reduction of monthly working hours for data processing by 20% -4000 waste flows are tracked and traced on weekly basis -close to 100% elimination of printed waste tickets


Team & Why Us

We are working with responsible organisations in manufacturing, hospitality, healthcare, retail, leaders in their respective sectors. Our goal is to eliminate illegal waste disposal while increasing landfill diversion rates, enabling compliance and introducing Circular Economy practices in their operations. Ultimately we aim at significant cost reduction and outstanding environmental performance. In order to do that we are working hand in hand with service providers enabling them to level up their services, grow their client base and secure their income.


Funding Needs

The company is currently bootstrapping while the funding needs are covered by the shareholders.


ONE LINER

Digitising waste management, an asset and infrastructure intensive sector.


TEAM

Olga Skordia
Olga Skordia, Other
Kyriakos Tsitouridis
Kyriakos Tsitouridis, CEO
Leonidas Chrysochoou
Leonidas Chrysochoou, CTO
Eleni  Nikolidaki
Eleni Nikolidaki, Other
Christos Chrysochoou
Christos Chrysochoou, Other

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