Recycle Track Systems Raises $40 Million to Propel AI and Sustainable Waste Solutions Across North America

Recycle Track Systems Secures Major Funding for Innovation

New York, January 24, 2025 – Recycle Track Systems, Inc. (RTS), recognized as a forerunner in waste management, has successfully closed a significant financing round, raising more than $40 million. This funding aims to boost innovation and reshape the waste management landscape through advanced AI-powered technologies, including the groundbreaking Pello sensor.

The recent financing round was led by Edison Partners, with notable participation from Volition Capital, StepStone Capital Partners, and other key stakeholders. Such strong backing illustrates the confidence the market has in RTS's innovative concepts and their commitment to sustainability.

Greg Lettieri, Co-Founder and CEO of RTS, expressed, "This funding cements RTS's role as a trailblazer in AI-driven waste solutions. Our investors' faith in our sustainable approach reflects the desire in the market for smarter waste management strategies. This capital will enable us to accelerate advances in AI, enhance automation, and broaden the reach of our Pello sensors. With these real-time waste insights, we are poised to set new standards in the waste industry."

Larry Cheng, Managing Partner at Volition Capital, shared his enthusiasm about RTS's growth, stating, "We've witnessed RTS evolve from a promising startup into a pivotal industry leader. This funding will further ignite their progress in waste management, pushing the limits of AI and automation and amplifying their impact across North America."

In the context of this advancement, RTS has developed Pello, an innovative AI-based sensor designed to revolutionize waste and recycling operations. This state-of-the-art sensor delivers real-time analytics on container contents, fill levels, contamination, and more. Businesses can harness the intuitive dashboard for optimizing waste collection, automating pickups, and efficiently tracking their environmental and sustainability commitments.

Moreover, RTS has established itself as a leader in urban waste management by securing a ten-year contract in New York City. Winning through a competitive RFP process, RTS is among five awardees providing city-wide container services, demonstrating their capability to integrate cutting-edge technology into municipal systems. Working alongside trusted local haulers such as Winters Bros. and City Waste Services of New York, RTS aims to improve customer service and boost waste diversion across all five boroughs of the city.

The mission doesn't end here; RTS intends to expand its innovative AI solutions across the United States and Canada. The company’s technology-driven methodologies promise enhanced efficiency in waste management, aligning with nationwide sustainability goals.

Looking ahead, RTS envisions a bright future for waste management through this funding infusion, further enhancing their AI solutions. They are committed to empowering businesses and municipalities across North America to adopt cleaner, more sustainable practices.

About Recycle Track Systems
Recycle Track Systems, Inc. (RTS) is at the forefront of transforming waste management through technology. By leveraging AI, automation, and data analytics, RTS ensures efficient waste collection and recycling practices, driving sustainability in both operational and environmental aspects. Their flagship offerings, including the Pello sensor and the Cycle reverse vending rewards program, empower clients to enhance their waste reduction efforts. RTS remains committed to fostering a cleaner, more sustainable future.

For more information, visit rts.com or follow RTS on social media platforms like LinkedIn and Facebook.