 | |
| Company type | Private |
|---|---|
| Industry | Waste Management, Recycling |
| Founded | 2015 |
| Founder | Gregory Lettieri, Adam Pasquale |
| Headquarters | , |
Area served | New York City Philadelphia Washington, D.C. Chicago |
Key people | Gregory Lettieri, CEO Adam Pasquale, COO Lew Frankfort Shazi Visram |
| Website | www.rts.com |
Recycle Track Systems (RTS) is an environmentally-focused waste and recycling management company.[1] RTS uses a software platform and a proprietary tracking system to provide hauling services for businesses.[2][3] RTS tracks materials as they travel to recycling or composting facilities and provides companies with reports that show how much material was recycled or composted.[4][5] The customer experience has been compared the app-based car service, Uber.[6][7]
History
editRTS was co-founded by CEO Gregory Lettieri and COO Adam Pasquale in 2015.[8] Pasquale is a fourth-generation member of a New York waste-hauling family[9] and his great-grandfather started in the garbage business with pushcarts on Mulberry Street in Manhattan’s Little Italy in the early 1900s.[10] Lettieri is a native of Staten Island and formerly worked in technology at Bank of America.[11] Long-time friends, the two came up with the idea for the company in 2014.[12]
In June 2017, the company closed a series A financing round worth $11.7 million with Boston-based growth equity firm Volition Capital, the former U.S. team of Fidelity Ventures.[13][14] Volition also provided the first outside money into Chewy, a pet supplies company that sold to PetSmart.[15]
Shazi Visram is an investor and board member of Recycle Track Systems.[16], an American entrepreneur, investor, and philanthropist, best known as the founder, CEO, and Chief Mom of Happy Family Brands. Visram is a mentor for startups and an impact venture investor, with investments in EpiBone, Ovia Health, Simple Mills and Bulletproof.
Lew Frankfort, the former chairman and CEO of Coach, Inc., is also a board member.[17]
RTS customers include Whole Foods[18], WeWork[19], SoulCycle, Barclays Center[20][21], Citi Field[22], Nationals Park[23][24] and Audi Field[25][26].
Impact
edit- In 2018, RTS donated 17,952 square feet of wood and 27 rolls of unused synthetic snow from the NHL Winter Classic game held at Citi Field to Materials for the Arts, a Long Island City-based program of the Department of Cultural Affairs that supports non-profit organizations and public schools throughout New York City.[27][28]
- RTS has donated approximately 66,000 pounds of food waste for Washington Nationals in the 2018 season.[29]
- RTS is a certified B Corporation.[30]
Awards
editRTS was honored in the Best for Environment list[31], based on an independent, comprehensive assessment administered by the nonprofit B Lab, the organization that certifies B Corporations.[32]
References
edit- ^ "'Uber for trash' uses rideshare technology to collect waste". CNBC. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Recycle Track Systems wants to be the next uber for garbage". Forbes. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "An 'Uber for garbage' picks up steam, and $11.7 million in Series A funding". TechCrunch. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Gregory Lettieri". Wharton Business Radio. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "How Audi Field's green initiatives will affect the fan's experience". Washington Business Journal. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "'Uber for garbage' is using technology to change the recycling industry". Green Matters. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "'Uber for trash' startup Recycle Track Systems uses rideshare technology to collect waste". Tech Startups. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Throwing out some new ideas: Waste-management app looks to recharge carting". Crain’s. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Class Notes: Summer 2018". GW Magazine. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Recycle Track Systems wants to be the next uber for garbage". Forbes. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "New recycle on-demand company brainchild of Staten Island native". Silve. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Philly's new 'Uber for trash' offers sustainability on demand, Recycle Track Systems has some big-name clients and is looking to grow in 2018 — parade trash and all". Technical.ly Philly. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "How trash taxi services could be the future of recycling". World Economic Forum. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "A company that bills Itself as Uber for trash uses rideshare technology to collect waste". DC Glovebox. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "An 'Uber for garbage' picks up steam, and $11.7 million in Series A funding". TechCrunch. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Recycle Track Systems welcomes Shazi Visram, founder of Happy Family Organic Food Brands to Board of Directors". Waste Advantage Magazine. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Former Coach CEO and Chairman Lew Frankfort joins RTS' Board of Directors". Waste360. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Major NYC businesses cut waste by 50% - but can they achieve zero waste by 2030?". Environmental Leader. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "At RTS, making trash removal as easy as ordering from Seamless". WeWork. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "New York arenas join sustainability drive". Stadium Business. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Barclays Center to eliminate use of plastic straws at all events". Brooklyn Daily Eagle. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "RTS starts Citi Field contract by recycling a hockey rink". Waste Dive. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "How Audi Field's green initiatives will affect the fan's experience". Washington Business Journal. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Washington Nationals, RTS Announce Partnership". Ball Park Digest. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "DC United to open Audi Field with LEED accredited recycling partner". Sport Sustainability Journal. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Guide to sustainable spaces for your next event in DC". DC Meetings. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Wood from Winter Classic hockey rink donated to Materials for the Arts in Long Island City". Queens Times Ledger. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "2018 Winter Classic: By the Numbers". NHL. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Washingon Nationals post". Twitter. Retrieved October 24, 2018.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "B Impact Report". Certified B Corporation. Retrieved October 24, 2018.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Recycle Track Systems receives B Lab honor". Recycling Today. Retrieved October 24, 2018.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "B Impact Report". Certified B Corporation. Retrieved October 24, 2018.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help)
External links
editCategory:Privately held companies of the United States Category:Recycling industry