Evreka, a domestic IoT startup that designs waste management solutions, raised an investment of 2.2M$
Evreka, which designs digital waste management solutions in the waste management industry, raised an investment of $2.2 million from Logo Ventures, TechOne, TTGV, and Fark Labs. Evreka CEO Umutcan Duman, stating that this investment is an important value brought to the waste management sector, said that they aim to support their customers and solution partners in sustainability by providing efficient and high-tech waste management solutions.
In addition to developing an integrated platform, Evreka, working in cooperation with waste management companies, local governments, and municipalities in more than 20 countries of the world for more sustainable and digital process management, tripled its revenue in 2021 and achieved global growth.
Umutcan Duman, who said that he has signed new beginnings, stated that they have expanded their product range by solving the problem of optimization and resource management in waste management, and that they have started to offer better solutions to their customers and collaborators, and that the investment they have received will be a driving force to open to new markets abroad.
Evreka aims to establish local offices and teams in target countries.
With the investment, Evreka continues to increase its market share globally and aims to establish local offices in target countries. The company aims to focus further on key markets located in the Americas, Singapore, the Netherlands, and the MENA and APAC regions.
The company places sensors in waste containers. With these sensors, information such as the occupancy, location, temperature of the container, using the routing and estimation algorithm with the software they have developed, automatically determines the shortest routes to be followed by the drivers who collect the waste daily and transmit them to via a tablet.
You can visit https://evreka.co/tr/ to review “Evreka” and get more detailed information.