Dive summary:
- EcoATM, a San Diego, Calif. e-waste recycling company, has raised $40 million from Falcon Investment Advisors to install more ecoATMs across the United States.
- EcoATMS collect small electronics, find the highest market price for the item and give customers cash for the sale.
- There are currently 300 ecoATMs in the U.S.
From the article:
EcoATM has already installed 300 machines in shopping centres in the US so that consumers and businesses can easily sell their old small electronics. The machines operate by examining the device and then finding the highest price for it on the market, then the owner decides whether or not they want to sell it for that price.
This new £25 million funding will allow EcoATM the chance to install these machines outside of larger cities. ...