Precycles

Company Overview

Snapshot

Founded in June 2020 by Ben Gagin, Alon Edri, and Yossi Liron, Precycles operates with 1–10 employees. The company has raised $250K across two funding rounds. In September 2023, Precycles secured seed funding from Arkin Sustainability.

Business overview

Precycles specializes in AI-powered recycling solutions, offering the Precycler, a smart robotic bin designed for on-site waste management. This technology detects, compresses, sorts, and stores various recyclable materials such as plastic bottles, cups, aluminum containers, coffee capsules, and batteries. By processing waste at the point of collection, Precycles aims to transform it into valuable raw materials, thereby reducing waste volumes and fostering a profitable circular economy. The company operates within the Industrial Technologies sector, focusing on sustainable materials and circularity, and serves markets including Europe, Israel, the United Arab Emirates, and the United States.

Company Intelligence Q&A

What is Precycles' core product?

Precycles' flagship product is the Precycler, an AI-powered robotic bin that detects, compresses, sorts, and stores various recyclable materials directly at the collection point, transforming waste into valuable raw materials.

When was Precycles founded and by whom?

Precycles was founded in June 2020 by Ben Gagin, Alon Edri, and Yossi Liron.

Which markets does Precycles target?

Precycles targets geomarkets including Europe, Israel, the United Arab Emirates, and the United States.

What is Precycles' primary business model?

Precycles operates with a B2B business model, providing its recycling solutions to businesses and organizations.

What is the current product stage of Precycles' offerings?

The Precycler product is currently in its Beta stage, indicating it is undergoing testing and refinement before a full commercial launch.