RecycleSmart Solutions

What RecycleSmart Solutions does

RecycleSmart Solutions, operating commercially as Recycle Track Systems (RTS), is a Canadian smart waste management technology company founded in 2008 and headquartered in Richmond, Canada. The company builds an integrated hardware-and-software platform targeting commercial and industrial clients, combining IoT-enabled waste sensors, reverse vending machines, and a cloud analytics portal to provide real-time visibility into waste and recycling operations. Its stated value proposition is reducing collection costs — reportedly by up to 50% — by replacing static, route-based collection with dynamic, data-led operations, and by supporting circular economy and materials recovery objectives for enterprise customers.

The product suite consists of three core offerings. Pello is an AI-powered sensor that monitors bin fill levels in real time to drive more efficient collection routes and cleaner materials management. Cycle is a reverse vending machine that automates container deposit returns for bottles and cans, enabling automated collection and recycling at customer sites. RTS Portal is a 24/7 data and transparency platform providing tracking, reporting, and analytics for waste and recycling operations. The combination of sensor hardware, deposit-return automation, and a SaaS-style data portal indicates a vertically integrated play rather than a single-product vendor.

The company's business model is not publicly disclosed in detail — pricing models, contract structures, and revenue mechanics are not available in the source data. The company is private, privately funded (the single disclosed capital infusion was approximately $1.29M from Sustainable Development Technology Canada in January 2020), and operates with a team of 51–100 employees. RecycleSmart Solutions is positioned in a smart waste management market estimated at USD 3.28B in 2023 and projected to reach USD 11.36B by 2032, and is profiled alongside substantially larger incumbents including Veolia North America, Republic Services, Suez Environment, Covanta Energy, Harvest Power, Bigbelly, and Enerkem.

Name

RecycleSmart Solutions

Website

https://recycle-smart.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

RecycleSmart Solutions (operating as Recycle Track Systems) is a Canadian smart waste management technology company serving commercial and industrial clients with AI-powered bin sensors (Pello), reverse vending machines (Cycle), and a real-time analytics portal (RTS Portal).

Ownership category

akta.pro rank

Product category

Smart Waste Management Technology

NAICS

Waste Management and Remediation Services (562), Waste Collection (5621), Materials Recovery Facilities (562920)

SIC

Refuse Systems (4953), Sanitary Services (4950)

akta.pro primary industry

Reusable Packaging & Refill Systems (Returnable Transport Items, Deposit/DRS Ops) (EUAIANAE)

akta.pro secondary industries

Recyclables Transfer & Consolidation (Single/Source-Separated) (BPALABAD), Recycling, E-Waste & End-of-Life Takeback Programs (TLAAALAN)

Keywords

• Smart waste management
• IoT waste sensors
• Recycling technology
• Reverse vending machines
• Waste analytics platform

Headquarters

HQ city

Richmond

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales

Core offering

RecycleSmart Solutions (operating as RTS — Recycle Track Systems) provides a smart waste management technology platform combining IoT hardware (Pello AI-powered bin fill-level sensors and Cycle reverse vending machines) with the cloud-based RTS Portal analytics platform. The platform delivers real-time visibility into waste and recycling streams to commercial and industrial enterprises, enabling route optimization, materials management, and reporting. The company also enables circular-economy container deposit return through its reverse vending machine product.

Product overview

RecycleSmart Solutions operates as Recycle Track Systems (RTS) and offers a technology platform combining hardware products (Pello AI-powered bin sensors, Cycle reverse vending machines) with the RTS Portal software for real-time waste and recycling visibility. The company provides comprehensive waste management, sustainability, and recycling services to commercial and industrial clients, integrating IoT sensor technology with data analytics platforms to optimize collection routes and improve operational efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Pello Pello is an AI-powered sensor hardware product that monitors waste bin fill levels in real time, feeding data to optimize collection routes and materials management for commercial and industrial enterprise customers.
• Cycle Cycle is a reverse vending machine that automates the collection and recycling of bottles and cans through container deposit return processes, for use by retailers, beverage operators, and other commercial sites.
• RTS Portal RTS Portal is a cloud-based, 24/7 data and analytics platform that provides real-time visibility into waste and recycling operations, including tracking, reporting, and analytics for commercial and industrial customers managing waste and recycling streams.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Rubicon Technologies: Software and smart-city platform for waste and recycling fleets, offering a comparable mix of sensor data, analytics, and customer-facing portal capabilities.
• Enevo: Provides ultrasonic waste container sensors and a route optimization SaaS platform, serving the same enterprise and municipal customers as RecycleSmart's Pello + RTS Portal stack.
• Sensoneo: Smart waste management platform with ultrasonic fill-level sensors and enterprise waste analytics software, directly overlapping Pello and RTS Portal.
• TOMRA: Global leader in reverse vending machines for beverage container deposit return, directly competing with RecycleSmart's Cycle product across DRS markets in Europe, North America, and beyond.
• Compology: AI-powered waste monitoring using cameras and sensors to track fill levels and contamination, directly competing with Pello on the enterprise route-optimization use case.
• Bigbelly: Smart waste and recycling bin manufacturer with IoT-connected fill-level sensors and a cloud management platform, directly comparable to RecycleSmart's Pello product line and RTS Portal.

Emerging players

• Enerkem: Canadian cleantech company converting waste to fuels and chemicals, named in the same industry reports as RecycleSmart and serving overlapping municipal and industrial waste customers.
• Harvest Power: Organic waste recycling and renewable energy company co-located in the same Canadian cleantech market reports as RecycleSmart, addressing adjacent organics/recycling streams for similar commercial customers.

Broad incumbents

• Republic Services: Large U.S. waste and recycling hauler investing in route technology and digital platforms, named alongside RecycleSmart in industry market reports as a much larger competitor.
• Veolia North America: Global environmental services giant offering waste management and recycling services, with growing digital and IoT capabilities, competing for the same enterprise customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RecycleSmart Solutions