Nigerian clean-tech startup Kaltani raises $4m to deal with plastic air pollution in Africa
Nigerian clean-tech plastic waste recycling firm Kaltani has raised US$4 million in seed funding to develop its recycling operations throughout the nation.
Based in Nigeria by Engineer Obi Charles Nnanna, Kaltani goals to unravel Africa’s rising plastic waste disaster by selling the round financial system and recycling finest practices.
The startup has a staff of 100 unfold throughout its assortment centres, recycling manufacturing unit and places of work, chargeable for amassing bottles and different plastic waste which is transported to its assortment centres for aggregation and processing, and ultimately taken to its recycling manufacturing unit. On the manufacturing unit, plastics are then transformed into scorching washed PET flakes, and PE and PP pellets that are then offered to FMCG firms for thermoform, sheet, packaging, bottling and fiber purposes.
Kaltani’s expertise utilises knowledge analytics, predictive analytics, and geo-mapping to make sure transparency and traceability all through the worth chain.
The startup has now raised a US$4 million funding spherical, with which it’s aiming to open 20 new assortment and aggregation centres throughout Nigeria and improve its employees power to over 500 individuals. These updates will increase Kaltani’s capability considerably, permitting the corporate to recycle as much as 15,000 tonnes of plastic waste annually.
“The world has a plastic air pollution disaster. Plastic waste is an environmental catastrophe inflicting environmental degradation to our oceans, aquatic life, the air we breathe and our well being. With the quantity of plastic waste produced set to proceed skyrocketing, the world desperately wants actionable and scalable options. At Kaltani, we’ve got already confirmed that our answer and mannequin works successfully and effectively with an intensive A-Z worth chain answer, and we’re past excited to begin our enlargement into different elements of Nigeria,” mentioned Nnanna.