Recycle Track Systems (RTS) – a pioneer in transforming waste and recycling management, proudly announces the closing of financing – announced it raised over $40 million to drive innovation and reshape the future of waste management. This funding milestone accelerates RTS’s mission to deliver smarter, cleaner, and more sustainable solutions through AI-based technology like the transformative Pello sensor.
The funding round was led by current investor Edison Partners, with participation from Volition Capital, StepStone Capital Partners, and other major stockholders, underscoring strong market confidence and enabling the company to expand its footprint across the US and Canada.
At the center of RTS’s innovation is Pello, an AI-based sensor designed to transform waste and recycling operations. And Pello offers real-time insights into container contents, fill levels, contamination, bin location, and temperature. The company’s intuitive dashboard enables businesses to optimize hauling, automate pickups, and accurately track ESG commitments, all while driving waste diversion and sustainability efforts.
RTS has also further solidified its leadership in the industry by securing a ten-year contract in New York City. And as the youngest company selected through a highly competitive government RFP process, RTS stands out as one of five awardees for city-wide containerized services and as a zone awardee for three commercial waste zones.
By integrating technology with municipal systems, RTS enhances customer service, optimizes collection tracking, and drives waste diversion efforts. And in partnership with trusted and locally established haulers—Winters Bros., City Waste Services of New York, and Regency Recycling—RTS is advancing sustainability initiatives across all five boroughs.
This initiative is part of RTS’s broader strategy to grow its footprint across the United States and Canada, bringing AI-powered solutions to more cities and municipalities. The company’s technology-driven approach ensures greater efficiency and improved waste diversion, aligning with national environmental goals and sustainability commitments.
This new funding round will advance RTS’ next wave of innovation, expanding its AI-driven solutions and empowering businesses and municipalities across North America to accelerate the transition to a cleaner, more sustainable future.
KEY QUOTES:
“This round further strengthens RTS’s position as a pioneer in AI-powered waste management. The continued support from our investors reflects the market’s trust in our innovative approach to sustainability. This capital will accelerate our investments in AI, automation, and expand the deployment of Pello sensors across our customer base, enabling us to collect real-time waste data that sets a new standard for the industry. With this data, we’ll continue to drive innovation and advance how waste management is approached, unlocking new efficiencies and insights that will shape the future of the industry.”
– Greg Lettieri, Co-Founder and CEO of RTS
“We’ve seen RTS grow from a promising startup to an industry leader driving real change in waste management. This funding further accelerates RTS’s momentum, pushing the boundaries of AI and automation while expanding their impact across North America, solidifying their position as the industry’s most innovative and impactful player.”
– Larry Cheng, Managing Partner at Volition Capital
“Edison is thrilled to lead this additional investment and continue our partnership with the company and other existing investors. RTS’ innovative technology and best-in-class execution in the waste and recycling management category continues to generate significant value for customers, resulting in the company capturing incremental market share each year. RTS is at an incredibly exciting inflection point and we couldn’t be more excited to support the company on the next leg of its remarkable journey.”
– Chris Sudgen, Managing Partner at Edison Partners
“RTS is uniquely positioned to help businesses and municipalities create healthier, more sustainable communities where our waste is better managed for our next generations. With a strong and passionate leadership team and solid foundation, I have full confidence in RTS’s ability to lead the transformation of this industry towards a better way. I’m beyond proud to be on this transformative journey from the early days to a brighter future that benefits us all.”
– Shazi Visram, Board Member at RTS and Founder of Happy Baby Organics and HealthyBaby Verified Safe Diapers
