AMP

🗓️ As the end of 2024 approaches, we're taking a look back at some of the year's highlights. Wishing a happy, safe, and peaceful holiday season to you and yours!

With new funding to accelerate our deployment of AMP ONE™ systems, which use #AI-powered sortation technology to cost-effectively process single-stream #recycling and municipal solid #waste, we're excited for the next phase of our growth. #infrastructure #venturecapital #seriesd #recyclingtechnology #greentech #cleantech https://lnkd.in/dj2aPcN4

The US Plastics Pact's 2023-2024 Impact Report highlights the efforts of Activators, including AMP, toward building a #circulareconomy for plastic packaging in the United States. Explore the report: https://lnkd.in/eCeXZjj9

Our Series D funding will help accelerate the deployment of our AMP ONE sortation systems to process single-stream recycling and municipal solid waste. We have systems operating in Portsmouth, Virginia; outside Cleveland, Ohio; and in Pitt County, North Carolina. Last month, we announced plans to equip and operate one of Waste Connections’ single-stream recycling facilities in Colorado. https://lnkd.in/ePk2J-tJ

Thanks to efforts by suppliers, producers, consumers, reclaimers, and recyclers, last year the U.S. PET plastic bottle #recycling rate reached 33%—the highest level in decades. In addition, the amount of recycled PET content in U.S. bottles reached its highest level ever, and North America's recycling rate reached a new high of 41.3%, according to National Association for PET Container Resources (NAPCOR)'s new recycling report. This progress is the result of much hard work and demonstrates momentum in building and perpetuating a #circulareconomy. https://lnkd.in/gF6eiahQ 

We've raised $91 million to expand our deployment of #AI-powered systems to process municipal solid waste and single-stream recycling at scale. "As the recycling industry grapples with rising costs and stricter contamination standards, AMP’s technology promises to streamline operations and boost recovery rates, turning garbage into gold." https://lnkd.in/ebfEJKJc

We’re grateful for the support of our newest and longstanding investors as we expand our deployment of meaningfully lower-cost, higher-performance #recycling systems. https://lnkd.in/gSinh_FG

We’ve raised $91 million in Series D funding, led by Congruent Ventures, to accelerate our deployment of AMP ONE™ systems to process municipal solid waste and single-stream recycling. Our technology, and the investment to scale it, is creating a new model for recycling – one that makes recycling not only possible, but safe and cost-effective, even where consumers may lack curbside access. Read more: https://lnkd.in/gBAarNTp

Learn more about AMP ONE™, our full-scale facility solution to sort various material streams. With our sortation-as-a-service model, we take care of the operations, maintenance costs, and operating system upgrades for you. https://lnkd.in/gAXsTz9G

We're collaborating with Waste Connections on a greenfield MRF in Colorado, which we'll equip and operate with our #AI-powered sortation technology to process single-stream #recycling in the region. ♻ Read more about the facility and partnership: https://lnkd.in/gF6HFVsW