Noida, India
Race Eco Chain Ltd. is a Recycling and Circular Economy company that is committed to creating a sustainable future. The company was founded in 2020 and is headquartered in India. RACE (Recycling and Circular Economy) is focused on reducing the carbon footprint caused by waste plastic. They have set up a complete vertical system responsible for the collection and audit of waste, incorporating AI and blockchain technology to establish networks for traceability.
Utilizing tech platforms and AI-based technology, RACE trades dry waste and transforms recycled PET bottles into sustainable consumer products such as tote bags, curtains, and other textile-based items. By doing so, they reduce landfill waste and contribute to environmental protection. The company is also aiming to develop ECO PARKS, which are formal HSE-compliant warehouse setups designed to serve their recycler network efficiently.
Additionally, RACE works in collaboration with GEM Enviro Management, an organization providing Extended Producer Responsibility (EPR) services to renowned brands using plastic packaging, including Coca Cola, Bisleri, Pepsico, Marico, and Dabur. The company's operations are focused on organizing the unorganized sector by incorporating technology, capital, and respect.
Notably, RACE is dedicated to fostering community awareness through various outreach initiatives, including organizing awareness sessions, cleanliness drives, and special events like Plogging. The aim is to drive habit change, especially in the younger generation, who will become the citizens of tomorrow.
Overall, Race Eco Chain Ltd. is demonstrating a strong commitment to sustainability and environmental responsibility, making it an appealing prospect for potential investors seeking to support innovative solutions in the recycling and circular economy space.
