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Enevo
Company typePrivately held company
IndustryWaste and Recycling Services, Waste Management, IoT, waste technology as a service, circular economy, Information Technology & Services
Founded2010 [1]
HeadquartersBoston, MA, Nottingham, UK, Espoo, Finland [1]
Key people
Fredrik Kekäläinen, CEO & Founder,;[2] Johan Engström, CTO & Co-founder; Juho Poteri, Chief Architect; Brian Pompeo, VP of Sales; Geoff Aardsma, VP of Customer Success; Andy Crofts, Director of Business Development EMEA, Enevo UK Ltd.;
Number of employees
32 (2017)
Websitewww.enevo.com

Enevo is a pioneer in data analytics, container asset management, and logistics software for the waste and recycling industry. Their patented IoT waste sensor sits inside waste containers, measuring fill levels and monitoring collections. Sensor data is communicated to Enevo's proprietary analytics software, developing custom collection schedules and routes that match actual waste behavior. Resulting routes and schedules drive the fewest number of miles while avoiding container overflow. This approach optimizes existing tools and assets, decreases costs, increases operational efficiency, and reduces carbon emissions.

Enevo's technology suite includes:
· Hub web-based waste management platform
· DRIVE navigation app
· Smart Plans optimized, automated schedules, capacity planning, and routes
· Scout mobile field reporting
· Site Manager App for mobile transparent waste management

Enevo sensors and users are worldwide.

Enevo was founded in Finland in 2010 by Fredrik Kekäläinen and Johan Engström.

Company history

In April 2013 Enevo raised €2 million ($2.6 million) in funding from Finnish Industry Investment and Lifeline Ventures to fuel international growth.[3]

In November 2013 the company announced it had signed service contracts with waste management companies in Finland,[4] Norway and Denmark.[5]

In August 2014 the company announced that it had raised $8 million from Earlybird, Lifeline Ventures, Finnish Industry Investment, Draper Associates and Risto Siilasmaa, among others. The funding will be used to grow and bring the sensor-based waste collection system to global markets.[6]

In August 2016 Enevo received a €15m loan from the European Investment Bank [7]

In September 2016 UK waste bin manufacturer Glasdon partnered with Enevo to add smart waste management technology to street litter bins [8] In November 2016 Enevo announced it had partnered with Buffalo-based Hearts for the Homeless and significantly increased their collection efficiency for textiles [9]

In September 2017 Enevo announced it had raised an additional $12M from international investors, led by Lifeline Ventures to expand into waste and recycling services in the North American market.[10]

Enevo Oy (Finland based R&D operation) filed for voluntary bankruptcy end of July 2020, as part of a group restructuring effort with its creditors. The Finland operations continue under the bankruptcy estate until the restructuring of Enevo Group is complete. Enevo, Inc. and Enevo UK Ltd. continue operating normally.

References

  1. ^ a b "Enevo Oy, Yrityshaku". taloussanomat.fi. Archived from the original on January 7, 2014. Retrieved Jan 7, 2014.
  2. ^ "Enevo - Contact". enevo.com. Retrieved Jan 7, 2014.
  3. ^ "Garbage in, data out: Enevo gets funding for its smart waste services". gigaom.com. Retrieved Jan 7, 2014.
  4. ^ "Enevo announces new deals with Finnish municipal waste management companies". enevo.com. Archived from the original on 2014-01-07. Retrieved Jan 7, 2014.
  5. ^ "Enevo announces new deals in Norway and Denmark". enevo.com. Archived from the original on 2014-01-07. Retrieved Jan 7, 2014.
  6. ^ "Enevo closes $8 million in funding". Enevo. Archived from the original on 6 November 2014. Retrieved 6 November 2014.
  7. ^ "Enevo receives a €15m loan from the European Investment Bank". smartbuildingsmagazine.com. Retrieved Jan 28, 2021.
  8. ^ "Glasdon® partners with Enevo® to add smart waste management technology to street litter bins". enevo.com. Retrieved Dec 5, 2016.
  9. ^ "Hearts for the Homeless transform collection efficiency with Enevo". enevo.com. Retrieved Dec 5, 2016.[permanent dead link]
  10. ^ "Enevo Secures $12M in Funding to Accelerate Expansion into Waste Services". prnewswire.com. Retrieved September 28, 2017.
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