Bye bye, electronic waste! Remind is a sustainable e-waste processing startup based in Indonesia. And they just raised $1.3M.

• Here’s a scoop. Remind is short for Recycling Materials for Indonesia. 

Investor check. Bali Investment Club and BEENEXT led the round, while Spiral Ventures also joined in. 

‍

☹️ The e-waste problem

Currently, e-waste is one of the fastest-growing waste streams in the world. But it’s not just the volume that’s the problem. 

Only a small percentage of e-waste is formally collected and recycled. 

• The rest? Unprocessed. Or worse, informally recycled. 
• Informal e-waste recycling activities like open burning can have adverse health effects, especially to women and children who often collect and recycle e-waste informally. 

‍

😎 More on Remind

Remind collects e-waste (medical and mobile devices, cables, household appliances, and more) from companies and organizations and then sorts, recovers, and recycles them. 

• They then sell the recovered e-waste (like C chips, copper scrap, iron/steel scraps, and printed circuit board scraps) to e-waste smelters, scavengers, traders, and recyclers. 

Run the numbers! Launched in 2023, the startup has reportedly managed 3.5K tons of e-waste. Oh, and they’re aiming to manage 6K tons by the end of the year. 

‍

🔥 What’s next? 

They’ll scale their physical infrastructure and boost their capacity to recover metal from discarded electronics. 

• Remind’s goal is to become a fully-fledged smelter.