CIO Insider

CIOInsider India Magazine

Separator

Waste Management Robotics Startup Ishitva Bags $ 1 Million

Separator

Ishitva, a robotics startup based in Ahmedabad, has raised $1 million in pre-Series A funding. Inflection Point Ventures led a fundraising round (IPV). Ishitva is a manufacturer of dry waste sorting equipment that uses AI
, machine learning, and IoT to solve the problem of sorting complex garbage.

Kamaljyot Investments (a subsidiary of Excel Industries Ltd), Gandhi Family from GRP, AVI Global Plast Private Limited, Anup Gulati COO at Quality Maritime Provider, Harinder Arya president and division CEO, Major Capex & Pressure Control at Joulon, Sanjay Kamlani, serial investor and founder of Pangea3, and Mohan Ayyangar, operations lead GDS EY India were among the many waste management and plastic value chain.

The funds raised will be utilized to increase the sales force and the R&D department.

According to the startup’s LinkedIn profile, with the tagline ‘We Sort to Produce Value’, Ishitva Robotics Systems employs AI, Robotics, and an Air Sorter to sort dry waste and create value for recyclables, assisting in the creation of a circular economy with environmental benefits.
Our smart waste solutions, such as the Robot Sorter, IRS AI Vision, Air Sorter, and Smart bins, automate the picking, sorting, and segregation of waste items with a futuristic vision of changing the recycling sector.

“Our goal is to enable large-scale recycling of plastic, paper, glass, metal, and other materials while also assisting individuals working in the industry with technology, safety, and improved working conditions”, adds Dadlani.

According to the Global Economic Forum 2020, only 10 percent of waste is recycled globally. India produces almost 26,000 tonnes of plastic waste every day, making it the world's 15th largest polluter of plastic waste. A 'Smart Waste Hero' is desperately needed in the world now.

Ishitva presently offers SUKA (AI-powered air sorting), YUTA (AI-powered robotic sorting), and the Netra AI vision system, which aids in the identification of garbage and smart bins. Netra recognizes waste, uses photos to learn about its composition, and then scans for recyclable materials.

"The current generation is focusing on recycling and robotics. Ishitva is utilising cutting-edge technology to sort generated waste and improve the recycling ecosystem's efficiency and productivity. They want to use AI, machine learning, and the Internet of Things to make our world a better place to live, and we're confident in our ability to assist them achieve that goal”, says Mitesh Shah, co-founder, Inflection Point Ventures.

IPV's 33rd deal for 2021, with the venture platform planning to invest Rs 155 crore in over 60 firms this year. IPV has invested Rs 258 crore in 92 acquisitions thus far.

"We will continue to spend on R & D as well as implement solutions across India's towns and cities. These AI-enabled technologies will result in higher recycling and improved data collecting for SBM and other stakeholders, including recyclers and government agencies, to make better decisions”, says Jitesh Dadlani, Founder, Ishitva.

“Our goal is to enable large-scale recycling of plastic, paper, glass, metal, and other materials while also assisting individuals working in the industry with technology, safety, and improved working conditions”, adds Dadlani.

Current Issue
Extrieve Technologies: A One-Stop-Shop for Document Management Solutions