WeCycle
WeCycle is a Mauritius-based circular economy company that collects, recycles, and manufactures paper and carton waste into finished products including egg trays and kraft paper, serving corporates, government agencies, schools, and individuals across the island via an integrated collection-sorting-manufacturing platform.
- Company typePrivate
- Founded2012
- HeadquartersRoche Terre, Mauritius
- Headcount11–50
- GTM typeB2B
- OfferingServices
What WeCycle does
WeCycle is a Mauritius-based circular economy company specializing in paper and carton waste management. Founded in 2012 by Ludovic Henry, the company has evolved from a collector-exporter into a vertically integrated operator that collects, sorts, recycles, and manufactures fiber waste products domestically. Its operations are organized around three physical sites: a warehouse and headquarters in Mer Rouge, an egg tray recycling plant in Coromandel (operational since 2023, the first of its kind in Mauritius), and a kraft paper mill in Jin Fei (operational since 2024, the first in the Indian Ocean region). The company processes over 7,000 tons of fiber waste annually, supplied through a network of 250+ sourcing partners and 1,020+ deployed office bins across all nine administrative regions of Mauritius.
WeCycle serves four primary customer segments: corporates and businesses (the largest, requiring scheduled waste collection, secure shredding, and sustainability reporting); government agencies (requiring certified confidential document destruction); schools and associations (engaged through community outreach and recycling education); and individuals (served via drop-off at Bagatelle Mall, Mission Verte collection points, and the company's factories). Revenue is generated through three streams: B2B recurring waste collection subscriptions (quote-based, monthly billing), certified secure shredding services (the only provider in Mauritius collecting confidential waste from inside buildings, with on-site Certificates of Destruction), and sales of manufactured products (egg trays, egg boxes, and kraft paper supplied to local carton manufacturers). The company is privately held, incorporated as WeCycle Ltd (PL) under Mauritius's Companies Act 2001, with disclosed funding of $3.1M from Inside Capital Partners (December 2020).
The business model is asset-heavy and operationally intensive, anchored by capital-intensive manufacturing infrastructure and a dense island-wide logistics network. Go-to-market combines enterprise field sales for B2B accounts with a community-led motion for individuals and schools. Marketing channels are primarily organic: a corporate website (wecycle.mu), social media (Facebook, Instagram, LinkedIn, YouTube), and grassroots school partnerships. With 150 staff (marketed as 'WeCyclers'), the company is positioned as the dominant local circular economy champion in Mauritius, with a stated 2025 strategic intent to export kraft paper across the broader Indian Ocean region.
WeCycle firmographics
Firmographics- Name
- WeCycle
- Legal name
- WeCycle Ltd (PL)
- Website
- https://wecycle.mu
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- WeCycle is a Mauritius-based circular economy company that collects, recycles, and manufactures paper and carton waste into finished products including egg trays and kraft paper, serving corporates, government agencies, schools, and individuals across the island via an integrated collection-sorting-manufacturing platform.
- Ownership category
- akta.pro rank
WeCycle industry classification
Industry- Product category
- Paper Recycling & Waste Management
- NAICS
- Materials Recovery Facilities (562920), Waste Collection (56211), Converted Paper Product Manufacturing (3222), Paper Bag and Coated and Treated Paper Manufacturing (322220)
- SIC
- Paper Mills (2621), Refuse Systems (4953), Wholesale-Paper & Paper Products (5110)
- akta.pro primary industry
- Recovered Paper Collection & Sorting (OCC, ONP, Mixed Paper) (IMAMAKAA)
- akta.pro secondary industries
- Packaging Waste Sorting & Recycling Technologies (Mechanical/Chemical Recycling, Sorting Systems) (IMALAMAL), Commercial & Office Waste Collection (Non-hazardous) (EUAIAGAA)
Keywords
Where WeCycle is headquartered
LocationHeadquarters
- HQ city
- Roche Terre
- HQ country
- Mauritius
- HQ region
- Africa
Offices3 records
Markets served
WeCycle business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Waste Collection Services: B2B recurring revenue from paper and carton waste collection services for corporates, businesses, and institutions. Services include scheduled bin collections, on-demand pickups, and bespoke solutions for office clearances, premises moves, and financial year cleanouts.
- Secure Shredding Services: Certified document destruction services for confidential materials. Revenue generated from per-service or recurring pickup arrangements with businesses and government agencies requiring secure disposal of sensitive documents.
- Recycled Product Sales: Sale of locally manufactured products derived from recycled fiber waste, including egg trays, egg boxes, and kraft paper supplied to local carton manufacturers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Customized corporate waste management solutions |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
WeCycle product offering
Product offeringCore offering
WeCycle collects paper, cardboard, and carton waste from corporates, businesses, individuals, associations, and schools across Mauritius, and processes it at three owned recycling sites to manufacture finished products including egg trays, egg boxes, and 100% biodegradable kraft paper. The company also provides certified confidential document destruction and archive removal services for GDPR and Data Protection Office (DPA) compliance reporting.
Product overview
WeCycle operates a circular economy platform centered on paper and carton waste management in Mauritius. The core offering spans three integrated stages: Waste Collection (supplying office bins and scheduled pickups for businesses), Sorting & Recycling (processing fiber waste at WeCycle-owned facilities), and Manufacturing (producing finished goods locally). The company's product portfolio includes two manufactured product lines — Egg Trays and Boxes produced at the 2023 Mauritius-first egg tray recycling plant, and Kraft Paper manufactured at the 2024 Indian Ocean-first kraft paper mill — plus a Secure Shredding service with certification for confidential document destruction. Ancillary offerings include Office Paper Bins for corporate clients, Individual Drop-Off services, and a planned Electric Bike Cardboard Collection pilot. All services are oriented around closing the loop locally: collecting waste, recycling it domestically, and returning materials as new products to the Mauritian market.
Differentiator
Problem solved
Functional benefit
Products and services
- Paper, Cardboard & Carton Waste Collection and Recycling Scheduled island-wide collection of paper, cardboard, and carton waste from corporates, businesses, individuals, associations, and schools in Mauritius, processed at WeCycle's three recycling sites.
- Secure Shredding & Archive Destruction Services Certified confidential document destruction service that is the only one in Mauritius to collect from inside the client's building; offers a sealed tamper-proof bag system and anonymised certification of destruction for GDPR and DPA compliance reporting.
- Recycled Egg Trays and Egg Boxes Finished egg trays and egg boxes manufactured by WeCycle in Mauritius from locally recovered and recycled paper and cardboard waste, sold to local businesses and consumers.
- 100% Biodegradable Kraft Paper 100% biodegradable kraft paper produced by WeCycle from recycled paper, cardboard, and carton waste, supplying local demand for sustainable packaging material.
- Customized Corporate Waste Solutions Tailored paper, cardboard, and carton waste management programs designed for corporate clients in Mauritius, covering collection scheduling, secure destruction, and sustainability reporting.
- Individual Paper Drop-Off Service Public drop-off service for individuals at three locations in Mauritius: Bagatelle Mall, Mission Verde (Bagatelle), and at any of WeCycle's three recycling sites.
Quantifiable outcome
- Collects over 7,000 tons of fiber waste annually
- +3 more outcomes
Companies that use WeCycle
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles2 records
WeCycle technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
WeCycle partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Mission VertecoreMission Verte operates collection points for WeCycle's carton recyclable waste at multiple locations across Mauritius including Beau Bassin/Intermart Chebel, Belle Rose/Couvent de Bon Secours, Moka/Telfair/Stop Frais, and Moka/Helvetia/Ecole du Centre. This partnership extends WeCycle's reach to individual consumers through an established collection network.
- Bagatelle MallminorBagatelle Mall provides dedicated cardboard collection bins at two entrances (ERAM entrance and TOMMY HILFIGER entrance) for individual consumers to drop off recyclable carton waste, making recycling accessible to mall visitors.
- Schools (Mauritius)coreWeCycle partners with schools across Mauritius to raise awareness and educate students about recycling significance, implementing collection systems and fostering environmental consciousness in the next generation as part of their community impact strategy.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
WeCycle competitors and assessment
Company assessmentBroad incumbents
- Iron Mountain: Iron Mountain is a global information management and secure shredding incumbent. Overlaps with WeCycle in secure document destruction and records management for enterprise and government customers.
- Mondi: Mondi is a global packaging and paper group producing kraft paper and containerboard. Directly comparable to WeCycle's kraft paper manufacturing and recycled fiber processing activities, though at significantly larger scale.
- SUEZ Recycling and Recovery: SUEZ operates waste collection, materials recovery facilities, and recycling infrastructure globally. Comparable to WeCycle's integrated collection-to-processing model in the recycling and resource recovery category.
- Sappi: Sappi is a global paper and pulp manufacturer producing coated and specialty papers including kraft grades. Comparable to WeCycle's kraft paper mill operations, though at much larger scale and across multiple continents.
- DS Smith: DS Smith is a European packaging and recycled paper producer. Comparable to WeCycle's kraft paper mill and downstream packaging supply activities, with similar closed-loop recycling ethos.
- Veolia Environmental Services: Veolia is a global environmental services and waste management incumbent. Comparable to WeCycle's waste collection, sorting, and materials recovery operations across both B2B and B2C channels.
- Klabin: Klabin is a Brazilian integrated pulp and paper manufacturer with significant recycled fiber operations. Comparable to WeCycle's combined paper mill and recycled fiber sourcing business model.
- Sonoco Recycling: Sonoco operates paper-based packaging manufacturing and recycling services including recycled fiber collection. Comparable to WeCycle's recycled fiber sourcing, processing, and paper-based product manufacturing activities.
Direct peers
- Shred-it: Shred-it is a global secure document destruction provider. It is a direct peer to WeCycle's secure shredding service, offering certified on-site confidential paper collection and destruction to corporate and government clients.
Regional players
- Cleanaway Waste Management: Cleanaway is a leading waste management and recycling operator in Australia. Comparable to WeCycle in integrated waste collection, sorting, and recycling services, though operating in a different geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
WeCycle social profiles
Digital presenceWeCycle financial estimates
Financial estimateRevenue estimate
Valuation estimate
WeCycle leadership team
Management profileNumber of profiles
Profiles1 record
WeCycle funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WeCycle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WeCycle
What does WeCycle do?
WeCycle collects paper, cardboard, and carton waste from corporates, businesses, individuals, associations, and schools across Mauritius, and processes it at three owned recycling sites to manufacture finished products including egg trays, egg boxes, and 100% biodegradable kraft paper. The company also provides certified confidential document destruction and archive removal services for GDPR and Data Protection Office (DPA) compliance reporting.
Is WeCycle a public or private company?
WeCycle is a private company. It is classified as venture growth investor backed and is currently operating.
When was WeCycle founded?
WeCycle was founded in 2012. It employs 11 to 50 people.
Where is WeCycle based?
WeCycle is headquartered in Roche Terre, Mauritius, in the Africa region.
How does WeCycle make money?
Three revenue lines are on record. Waste Collection Services are the primary driver. The others are secure Shredding Services and recycled Product Sales.
Who are WeCycle's main competitors?
Broad incumbents on record are Iron Mountain, Mondi, SUEZ Recycling and Recovery, Sappi, DS Smith, Veolia Environmental Services, Klabin and Sonoco Recycling. Shred-it is listed as a direct peer. Cleanaway Waste Management is listed as a regional player.
Does WeCycle have an API?
No public API is recorded for WeCycle.
What industry is WeCycle in?
WeCycle's product category is Paper Recycling & Waste Management. Its primary akta.pro industry code is IMAMAKAA, Recovered Paper Collection & Sorting (OCC, ONP, Mixed Paper), with a secondary code of IMALAMAL, Packaging Waste Sorting & Recycling Technologies (Mechanical/Chemical Recycling, Sorting Systems). Its NAICS code is 562920 and its SIC code is 2621.