Enevo

Enevo Oy
Privately held company
Industry Information Technology & Services, Waste Management, IoT, Big Data, Circular Economy
Founded 2010 [1]
Headquarters Espoo, Finland [1]
Key people
 Fredrik Kekäläinen, CEO
Charbel Aoun, CSO
Pirkka Palomäki, CTO
Mika Uusitalo, CFO
Johan Engström, Co-Founder
Products Enevo ONe
Number of employees
 80 (2015)
Subsidiaries Enevo Inc, Enevo UK Ltd., Enevo Japan KK, Enevo Deutschland GmbH, Enevo HK Ltd
Website www.enevo.com

Enevo is a leading provider of predictive planning solutions for waste & recycling logisitics. By collecting and analysing data from refuse containers across the world, Enevo is able to create efficiencies and cut the cost of waste collection and incentivise recycling. Enevo simplifies, de-risks and optimises the waste management process, helping to make a sustainable waste-free environment a more achievable proposition.

Enevo ONe combines IoT technology and real-time data and analytics, including trend data from fill-level sensors in waste containers, for optimized planning and routing of collection services. A key component is a self-learning routing engine that adapts to day-to-day changes in demand and enables service providers to cut costs and improve customer service and satisfaction. The company estimates that it can reduce waste collection costs by up to 50%.

Enevo uses SaaS business model in which the customer, typically a municipal or private waste management company or specialist recycler pays a monthly subscription fee.[2]

Enevo was founded by Fredrik Kekäläinen (CEO) and Johan Engström in 2010 to meet the requirement for more effective and efficient waste management and recycling in an increasingly urbanized world. The core management is a seasoned mix of leaders with global growth experience in tech, telco and smart cities: Charbel Aoun (CSO), Pirkka Palomäki (CTO), Mika Uusitalo (CFO).

Funding

Series A in August 2014: USD 8 million funding led by Earlybird, Lifeline Ventures, Finnish Industry Investment, Draper Associates and Risto Siilasmaa, among others.

Series B in June 2015: USD 15.8 million funding round led by Foxconn, Ginko Ventures and Mistletoe, with Earlybird, Lifeline Ventures, Finnish Industry Investment and a group of high profile private investors.

References

  1. 1 2 "Enevo Oy, Yrityshaku". taloussanomat.fi. Retrieved Jan 7, 2014.
  2. ↑ Federico, Guerrini. "From Espoo To New York City: How A Finnish Startup Is Trying To Disrupt The Waste Management Industry". Forbes. Retrieved 6 November 2014.

    External links

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