Oysterable Executive Summary: AIoT Circular Economy Innovation and Technology Partner
Oysterable Co., Ltd.
Circular Economy Infrastructure for Recycling and Reusables to Eliminate Waste
Executive Summary
Oysterable, officially founded in 2019 and led by CEO Tae Goan Bae, is a leading AIoT circulation company that has developed Lalaloop, an innovative smart resource circulation solution for recycling and reusables. Lalaloop addresses the growing problem of waste single-use disposables by creating a closed-loop cycle for recyclables and reusables. We are proudly backed and supported by the Seoul Startup Hub, the Tech Incubator Program for Startup (TIPS) and the Seoul Business Agency (SBA) from South Korea and currently expanding operations into Europe and the U.S. with presence in Los Angeles, California.
Key Features:
Lalaloop© AIoT RVM (Reverse Vending Machine) and Reusables Providing System: An affordable and scalable self-serve, resource-circulating kiosk and bot for reusables and recycling that automates provision, collection and incentive management.
LalaloopID©: An exclusive identification code in the form of digital product passport (DPP) that tracks the entire lifecycle of resources, enhancing transparency about a product's legitimacy as well as environmental impact by offering relevant and comprehensive information about its lifecycle and enabling potential for carbon credit trading.
Deposit Return System (DRS): A digital reward program that incentivises customers to return recyclables and reusables proven to achieve +90% return rates.
User App: A connected reward application that encourages citizen participation and consumers in recycling and reuse.
Entire logistics & operations: Our end-to-end logistics and operations handle the entire process and cycle from lending reusables to collecting them back as well as washing and re-stocking the assets back. For recycling we implement recycling collection programs for retailers and other industries from consumers directly to recycling centers in a material collection revenue-sharing model.
Achievements:
Showcased at CES 2022 and 2023 as well as MWC 2023 and 2024.
US Plastics Pact Honorific Mention 2024 Awardee.
80,000+ cumulative app accounts and 3,000 daily active users.
Over 1,000 machine bots operating in a nation-wide scale.
10+ patents including global PCT applications.
25+ City Governments.
55+ Clients and Partners including major brands like Starbucks Korea and Tetra Pak.
Bootstrapped with 500K USD in seed money from Angels and VC investors.
+2M USD revenue in 2023.
Market Potential:
Infrastructure for smart cities at nation, city, and enterprise levels
High interest from brands and retailers in the food and beverage sector
Interest from renowned investors in the U.S., Europe, and Asia
Applicable to various industries including airports, theme parks, large event venues, cruises, museums, retail, hotels, urban planning, etc.
Impact, Advantages and Opportunities for Our Clients and Partners:
Reduce single-use waste
Lower Carbon Footprint
Enables tracking of carbon emissions and waste reduction
Cost savings and efficiency gains in standardized and shared infrastructure
Contributes to global carbon neutrality goals
Design flexibility and custom innovations
Regulatory Compliance to government incentives and packaging standards
Easy and streamlined operations with cross-industry collaboration
Competitive advantage for businesses appealing to eco-conscious consumers and potentially capturing market share.
New marketing channel and retargeting opportunities
Implement packaging-as-a-service or advanced tracking and logistics services
Oysterable's Lalaloop solution (https://info.lalaloop.app/) offers a scalable, technologically advanced approach to waste management and sustainability, positioning the company as a key player in the circular economy and smart city development.
Contact Us:
https://oysterable.com/home-en
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