محمد يحي
- Plastka Announces Closure of a Six-Figure Funding Round Through Empire Angels Bridge
- The Round Aims to Strengthen Plastka’s Position in AI-Powered Solid Waste Recycling
Plastka, the Egypt-based climate tech startup, has announced the closure of a six-figure funding round through Empire Angels Bridge, as part of a broader $1 million investment plan.
Strengthening Its Position in Waste Recycling
The new funding aims to reinforce Plastka’s role as a key player in solid waste recycling across the Nile Delta.
Founded in 2021 by Ahmed El-Naggar (Founder & CEO), alongside co-founders Mahmoud Mazroua and Saeed Mohamed, the company leverages a gamified loyalty application that rewards users for managing their waste.
This is supported by a comprehensive AI-powered ERP system designed to optimize the recycling supply chain.
Expanding Presence in Delta Cities
Currently operating in Tanta, El-Mahalla El-Kubra, Mansoura, and Shebin El-Kom, Plastka has served over 50,000 users and successfully recycled more than 1,500 tons of solid waste.
Ambitious Growth Plans
Looking ahead, Plastka is preparing to launch a new $1 million funding round aimed at expanding into six additional Egyptian cities: Kafr El-Sheikh, Zagazig, Port Said, Damietta, Minya, and Assiut.
Through this expansion, the company targets more than 250,000 users and the recycling of over 3,000 tons of waste, significantly amplifying its environmental and social impact.
