Ecovia (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
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Company Info
Company Description
We have launched our full-stack solution in India, which includes our reusable packaging, infrastructure for reverse logistics and a rewards program. We supply reusable packaging to brands on a pay-per-use basis, and then use various mechanisms to collect the empty packages back from consumers by incentivising them with rewards. Our packaging is made out of fabric made from recycled PET bottles, is very durable and water-repellent. Our smart design makes the packaging size-adjustable and collapsible, to help brands optimise their shipping volumes and costs. This is not just cost-effective and sustainable for brands, but also helps them deliver a more engaging and rewarding customer experience. We take pride in the fact that for every reusable Ecovia bag, the need to manufacture and dispose of 150 single-use packaging is eliminated. Considering that India oberves around 6 million e-commerce shipments daily, our circular model could prove to be the game-changer in terms of environmental impact. We ultimately aim to evolve into an enabler, assisting brands implement any kind of take-back program. Brands (online or offline) could use our platform to collect their primary or secondary packaging back from the consumers for EPR compliances, either for reuse or recycle.

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