Bioways India Services & Solutions Private Limited

2013

For-profit

Environment

0 following

Share

Details


Region of operation

Headquarters address

402- SHYAM SUNDER AVENUE,ST. XAVIER'S SCHOOL ROAD, MEMNAGAR, AHMEADABAD Country: India Zip: 380052

Target problem

India produces about 10Lakh Tons of PET every year, only about 50% gets recycled in some form of the other. A large part of the problem is no collection mechanisms or waste grading systems. Also consumption happens in large cities, recycling if any happens in an industrial zone out of the city, and in the unorganized sector. Also spurious elements will use that same bottle, fill it with regular water and sell it as packaged water, causing a huge health hazard. To circumvent issues mentioned above we have innovated India' 1st retail PET Bottle Crushing Machine. What we do is crush the used PET at the point of consumption itself; We install the MyPET Machines at all high foot fall areas with large consumption of PET; i.e. Railway Stations; Airports; Bus Terminals; Places of religious & histroical importance; Event Locations; Exhibition Centers and Party Plots; large institutions; Central Business Districts; large gated communities etc.

Key product / Service

Recycling of PET Bottles at the point of consumption

Team size

1-9

Number of beneficiaries

Awards and recognition

  • Stern Fisher “Startup India Funding Challenge 2013” for Innovation; Social Impact & Green Technology
  • Entrepreneur Scholars at the Sankalp Forum 2014

Funding and Operating Model


Funding round

No funding

Total funding raised

$ 137000

Business details

Collection of used PET Bottles and crushing at the point of consumption; i.e. we have installed a MyPET Machine at Ahmedabad Railway Station, as part of the PM' Swaach Bharat Abhiyaan. We have employed women from Bottom of the Pyramid [BOP] who collect the bottles from the railway premises [trains/platforms/waiting rooms etc.] skin them and crush them. Our primary revenue lines is from the sale of this crushed flakes.

Partners and key clients

PSU; Large Banks & Polymer Companies

Contact


Website

Contact

Social media links

Images and trivia


Image gallery

Sources

Trivia

Contributors


Followers


No one is following this page yet.