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What happened
Ganiga Innovation, an Italian startup, is tackling the global recycling crisis, where less than 10% of plastic is recycled. Their primary product, Hoooly, is an AI-driven robotic waste bin that distinguishes between trash and recyclables. Additionally, they provide a smart lid for existing bins and software that helps companies monitor and reduce waste. Launched in 2021, Ganiga has sold over 120 units, including to major clients like Google and various airports. The company reported $500,000 in revenue for 2024 and anticipates $750,000 in 2025. With plans to introduce a new product, Hooolyfood, in November, Ganiga aims to expand its market presence, potentially moving its headquarters to the U.S. by 2026.
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Key insights
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1
AI in Waste Management
Ganiga's technology uses AI to enhance recycling efficiency.
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Market Expansion Plans
Ganiga aims to enter the U.S. market by 2026.
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3
Revenue Growth
The company reported significant revenue growth from 2024 to 2025.
Takeaways
Ganiga Innovation is poised to make a significant impact on waste management through its innovative AI solutions.