Recycle Track Systems Secures $40M to Propel AI Innovation and Advance Sustainable Waste Solutions in North America
NEW YORK, Jan. 29, 2025 – Recycle Track Systems, Inc. (RTS), a leader in waste and recycling management innovation, has secured over $40 million in financing to enhance its AI-powered technologies and expand its operations across the United States and Canada. This funding milestone positions RTS to revolutionize the waste management industry through advanced tools like the cutting-edge Pello sensor.
Driving Smarter, Cleaner Solutions with AI
The funding round, led by Edison Partners and supported by Volition Capital, StepStone Capital Partners, and other major investors, underscores growing confidence in RTS’s vision. The investment will accelerate the deployment of AI solutions to improve sustainability, optimize operations, and redefine waste management practices.
RTS Co-Founder and CEO Greg Lettieri emphasized the transformative potential of the funding:
“This investment strengthens RTS’s leadership in AI-driven waste management. With this capital, we will enhance our AI capabilities, scale Pello sensor deployment, and empower our customers with real-time waste data to unlock unprecedented efficiencies and drive sustainability across the industry.”
Investor Confidence Fuels RTS’s Growth
Larry Cheng, Managing Partner at Volition Capital, praised RTS’s progress, stating:
“RTS has evolved from a promising startup to an industry leader. This funding will enable RTS to push the boundaries of AI and expand its impact across North America, solidifying its role as a game-changer in waste management.”
Echoing this sentiment, Chris Sugden, Managing Partner at Edison Partners, noted:
“RTS continues to set the standard in waste and recycling management with innovative technology and exceptional execution. We’re thrilled to support their next phase of growth and industry transformation.”
Revolutionizing Waste Management with Pello AI Technology
At the core of RTS’s innovation is the Pello sensor, an AI-powered tool that provides real-time data on container contents, fill levels, contamination, and more. The technology streamlines waste collection, optimizes resources, and helps businesses meet their environmental, social, and governance (ESG) goals, advancing sustainability efforts nationwide.
Leading Urban Waste Solutions in NYC
RTS has also secured a ten-year contract with New York City, positioning it as a major player in the city’s waste management transformation. As one of five companies selected through a competitive bidding process, RTS will manage commercial waste zones and containerized services across the five boroughs.
This collaboration with local haulers—Winters Bros., City Waste Services of New York, and Regency Recycling—integrates cutting-edge technology with municipal operations, driving waste diversion and improving service efficiency.
Shaping a Sustainable Future
With a robust vision for sustainability, RTS aims to leverage this funding to expand its AI solutions, enhance waste diversion, and empower municipalities and businesses to achieve their environmental goals.
“RTS is uniquely positioned to create healthier, more sustainable communities,” said Shazi Visram, RTS board member and founder of HealthyBaby. “Their innovative approach will transform the waste management industry for generations to come.”
As RTS scales its operations across North America, the company continues to redefine waste management, paving the way for a cleaner, more sustainable future.
