Kollect on Demand has begun the installation of a new network of 11 smart BIGbins at Circle K forecourts and convenience stores across Ireland.
BIGbin, developed by the Waterford start-up, is a large, smart compactor bin currently installed at convenient locations throughout Ireland. The BIGbin enables recycling of organic and recyclable domestic waste.
The Circle K BIGbins at Caherdavin brings the total fully operational BIGbin sites in Ireland to 14.
This is the first new BIGbin installation under an agreement reached earlier this year with Circle K Ireland to expand installations of BIGbins at Circle K forecourts and convenience stores throughout Ireland in 2020.
Circle K is the leading fuel and convenience retailer in Ireland. Its retail network is made up of 410 service stations nationwide. Of these stations, 160 are owned by Circle K and 250 are owned by independent retail partners. The company also operates a large commercial fuels business, with over 20 depots and two owned terminals across the country.
“The roll out of BIGbins by partnering with Circle K strengthen our presence in the region,” said John O’Connor, CEO of Kollect said. “The partnership allows us to reach more users with our sustainable waste solution and realise our ambition to increase recycling rates in our active markets.”
Kollect on road to raise €2.3m
Kollect on Demand was founded by CEO John O’Connor, a native of Kerry, Cork native Robbie Skuse – who is CIO – and COO John Hegarty.
It has quickly established itself as an innovator and disruptor in the waste industry with 39 employees. It runs operations in Waterford, Cork, Dublin and Manchester from its home base at the Waterford Enterprise Centre.
The business had revenues of approximately €2.3m in 2018 which are projected to grow further in 2019.
The company will float on the Nasdaq First North Growth Market in Stockholm on 19 December.
Today’s (10 December) announcement comes as on the final day of the subscription period for Kollect on Demand’s Share Offering and IPO ahead of its entry to trading on the Nasdaq First North Market
The founding team originally presented the idea for Kollect on Demand as part of a Startup Weekend in Cork four years ago.
Kollect provides online booking of waste collection and disposal across Ireland.
It opened its first UK office in Manchester in September.
Circle K forecourt image: Canon_Shooter/Shutterstock
Written by John Kennedy (email@example.com)
Published: 10 December, 2019