Blue Planet, a Singapore-headquartered company driving regional sustainability through technology-driven and IP based end-to-end solutions for waste management and upcycling, has announced an investment of US$10 million from Sysma Holdings Limited, a Singapore-listed investment holding.
The investment will be used to deploy integrated, inclusive and sustainable waste management solutions around the region, the company said in a statement.
This investment in Blue Planet marks the entry of Sysma Holdings into the sustainability sector. The partnership aligns with the company’s vision to integrate sustainability into its operations, build resilience into its business, and capitalise on the growing opportunities in the region.
Since its founding in 2017, Blue Planet has strategically acquired various technologies in each step of the waste management process – including collection and transportation, segregation and processing – to achieve high resource recovery and circularity along the waste management cycle, the company said.
Commenting on the recent fund raise, Madhujeet Chimni, Founder and Chairman, Blue Planet, said, “With this recent round of investment from Sysma Holdings, we will increase our efforts to add new technological solutions and partners to our portfolio, and continue to scale sustainable waste solutions across Asia.”
Sin Ee Wuen, Deputy CEO, Sysma Holdings Limited, said, “We look forward to this partnership with Blue Planet to accelerate and support the development of sustainable solutions for responsible waste management in Asia, especially in Singapore. This investment marks a step forward towards integrating Environmental, Social and Governance (ESG) considerations into our business strategy.”
Currently, Blue Planet has more than fifty decentralized organic waste management units and five plastic waste processing units of various sizes across South Asia. Other services and technologies provided by the company include non-hazardous e-waste recovery, large-scale landfill remediation and green building waste solutions.
Prashant Singh, Founder and Chief Executive Officer of Blue Planet, added, “We are delighted to have Sysma Holdings on board with us as we continue to grow our business in Asia. We aim to become the first and largest provider of integrated sustainable waste solutions in the region, and our partnership with Sysma Holdings will help us get a step closer to our vision.”
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