Investment & Fund Management
which is backed by the European Investment
Full Credential Description
Enevo, a Finnish startup operating in the green economy sector, faced significant inefficiencies in the traditional waste collection industry, which relied on fixed schedules and static routes. This approach often resulted in unnecessary pickups, where containers were emptied regardless of whether they were full, leading to wasted resources and increased emissions.
To address these challenges, Enevo developed a smart wireless sensor system that measures the fill levels of waste containers. This technology allows for the creation of demand-based collection schedules, ensuring that waste is picked up only when necessary. Additionally, the system incorporates dynamic route planning, optimizing fuel consumption and reducing overall emissions associated with waste collection.
Enevo's innovative solution has garnered support from notable investors, including Earlybird Venture Capital, which is backed by the European Investment Fund (EIF). This funding has facilitated Enevo's international expansion, with the company establishing regional offices in key markets such as Germany, the United Kingdom, the United States, Japan, and Hong Kong. Through its technology, Enevo not only enhances operational efficiency for waste management companies but also contributes to sustainability efforts in urban environments.