Olyns Inc., Campbell, $4 million, Series A: Vanedge Capital led the round for this developer of electronic bottle recycling kiosks that display ads.
Olyns Inc., Campbell, $4 million, Series A: Vanedge Capital led the round for this developer of electronic bottle recycling kiosks that display ads.
Olyns currently partners with The Coca-Cola Company, PepsiCo, and Mars Wrigley and is expanding its network of recycling Cubes in California, Georgia, and other US states.
With its container collection Cubes, Olyns says it innovates at the nexus of retail media and recycling. The Cubes use AI techniques and algorithms that can identify any container.
California startup Olyns is on a mission to fix the broken system and reduce the plastic waste that’s polluting our rivers and oceans. “When we learned that 86% of plastic NEVER gets recycled we decided to do something about it."
Vancouver’s Vanedge Capital has led a USD $4 million Series A round investment in Silicon Valley recycling startup Olyns. The funding will accelerate Olyns’ development of AI-driven technology and expand its dual recycling and media network.
San Jose-based Olyns on Monday announced its Series A financing of $4 million led by Vanedge Capital. The funding will accelerate Olyns' development of AI-driven technology and expand its dual recycling and media network.”
Led by CEO Philip Stanger, Olyns operates in retail media and recycling. Its dual-purpose Cubes, located at the entrance of retailers, provide beverage container recycling to consumers and advertising to brands. Each RVM Cube holds more than 2200 containers and is capable of redirecting tons of recyclable material each year.
With this new investment round led by Vanedge Capital...Olyns is well on its way to achieving its mission of accelerating the shift towards a circular economy.
Innovative recycling technologies firm Olyns has announced a Series A financing of USS 4 million, led by Vanedge Capital.
Led by Vanedge Capital, the funding aims to facilitate AI innovations in Olyns solutions, which include Olyns Cubes, automated recycling stations that double as media and advertising hubs.
Every year, 86% of the world’s plastic is not recycled. Recycling expert Olyns and Mars Wrigley, the world’s largest manufacturer of treats and snacks, want to increase the recycling rate with their newly launched reward programme...
Olyns, a provider of recycling technologies, is collaborating with Mars Wrigley to launch the Sweet Rewards Challenge, a new approach to the collection of plastic candy and gum containers that gamifies recycling....
"Packaging waste is a challenge that requires new and innovative solutions. At Mars, we're committed to contributing to a circular plastics economy where no packaging becomes waste," said Justin Comes....
Mars Wrigley recently launched the Sweet Rewards Challenge to gamify recycling. The effort comes in collaboration with Olyns recycling technology company and features a new approach to the collection of rigid plastic candy and gum containers. Individuals in Northern California who deposit qualifying candy containers in an Olyns Reverse Vending Machine....
With the Sweet Rewards Challenge, Olyns and Mars Wrigley are teaming up to make it easier (and more rewarding) for candy lovers to recycle rigid plastic gum and candy containers. The gamified recycling experience for individuals in Northern California uses the Olyns Reverse Vending Machine....
Olyns, a San Jose, California-based startup that offers reverse vending machine technologies, has partnered with McLean, Virginia-based Mars Wrigley North America to launch the Sweet Rewards Challenge as a way to encourage consumers to recycle rigid plastic candy containers.
Olyns and Mars Wrigley launch Sweet Rewards Challenge for deposit of candy containers in Olyns reverse vending machines in northern California. Olyns, a leader in innovative recycling technologies, is collaborating with Mars Wrigley...
Companies introduce reverse vending machinefor recycling rigid candy packaging....Mars Wrigley is collaborating with Olyns to launch the Sweet Rewards Challenge, a new approach to the collection of rigid plastic candy and gum containers that gamifies recycling.
Olyns, a leader in innovative recycling technologies, is collaborating with Mars Wrigley, the world's largest manufacturer of treats and snacks to launch the Sweet Rewards Challenge, a new approach to the collection of rigid plastic candy and gum containers that gamifies recycling. Beginning this week, individuals in Northern California who deposit qualifying candy containers in an Olyns Reverse Vending Machine will have a chance to win thousands of dollars in rewards.
Olyns is announcing a collaboration with Mars-Wrigley to gamify recycling and provide access for consumers to recycle rigid plastic candy and gum containers. The program is running at select retailers in the San Francisco Bay area. Beginning this week, individuals in Northern California who deposit qualifying candy containers in an Olyns reverse vending machine will have a chance to win money in rewards in a game-like system....
Olyns reverse vending machine promotes advertisers while giving rewards to consumers who recycle beverage containers.
Founded in 2019, San Francisco Bay Area startup Olyns has given consumers an outlet to put empty bottles and cans to good use through its reverse vending machine (RVM), the Olyns Cube. For Philip Stanger, co-founder and CEO of Olyns, the idea originated as a reaction to the dismal plastic pollution statistics. Stanger sought a solution to embolden recycling efforts; the answer became the Olyns Cube, a platform that Stanger and his team have launched to provide a user-friendly way to curtail plastic waste.
The use of plastics gains importance with all types of retailers as they search for new recycling methods to lessen their environmental impact.....Another strategy to reduce a retailer’s plastic impact on the environment is to install reverse vending solutions for customers.
Olyns, a US-based packaging recycling company, has raised US$1 million in a seed round to develop touchless recycling machines for installation in popular facilities throughout the US and abroad.
Olyns, a Bay Area start-up, has engineered self-serve CRV-redemption machines which can be found in select Safeway stores in the Bay Area, including Milpitas. These machines will help to reduce plastic pollution and increase the amount of recycled PET, all the while providing a convenient way for people to recycle their cans and bottles for cash.
Artificial intelligence (AI) and NFC-equipped machines testing at Safeway stores accept aluminum cans, PET and glass bottles. It was designed by an entrepreneur from Apple and an aerospace engineer. What if recycling of plastic, glass, and metal beverage containers was done at supermarket to make it convenient?
The Olyns bottle collection machine crushes and separates materials, uses AI-image recognition for dynamic deposit returns, and deploys touchless NFC login via the Olyns mobile app....
Olyns today announced the launch of its new bottle collection machine, designed for high-traffic, indoor locations. In an effort to increase recycling of plastics, the innovative solution provides a convenient way for consumers to redeem bottle deposits while earning rewards through a mobile app. The approach also helps break down barriers surrounding the collection.....
Olyns has launched what is technically a reverse vending machine that will make it easier (or more personally worthwhile) for consumers to recycle plastic. The elegant and convenient solution is aimed at helping to meet the 1 billion pounds of commercial demand for recycled plastic (rPET). I got to chat with the founder and CEO of Olyns, Philip Stanger, and he explained how it worked and how the company supports a gig economy (think Doordash and Uber Eats.).....
Who knew recycling could be so simple and look so sleek? It really should encourage people to recycle more. Such an elegant solution was engineered by Olyns, a leader in technology-centric recycling solutions, which announced July 28 the launch of its new bottle collection machine designed for high-traffic, indoor locations. To increase recycling of plastics, the innovative solution provides a convenient way for consumers to redeem bottle deposits while earning rewards through a mobile app.....
Recycling is a task that seems simple enough for everyone to participate in, but unfortunately, it is estimated that 79 percent of plastic waste ends up in landfills. A startup called Olyns aims to increase the convenience and incentive to recycle through its new bottle collection machine that launched today.The Olyns machine can hold 1,000 plastic bottles, 850 aluminum cans, and 50 glass bottles. The company predicts that in a year, one machine can gather one and a half metric tons of recycled PET......
If you imagined what a recycling machine from a former Apple Inc. executive and an aerospace engineer would look like, you would probably come up with something like Philip Stanger and John Buchowski of Olyns Inc. designed. Their recycling containers look something like an outsized iPhone, and there's an app for them.
There are three components. The first is the container cube, which gets placed where there is high consumer traffic. The second part is that you log into the machine with the Olyns app....The third part is sort of like DoorDash for recycling......
