What Riverrecycle Oy does

Riverrecycle Oy, operating as RiverRecycle, is a Finnish environmental technology company founded in 2019 and headquartered in Helsinki. The company builds and deploys proprietary river-cleaning hardware (the RiverRecycle Boards system) that collects plastic waste from rivers before it reaches the ocean and channels the material into recycling streams. Its operational footprint covers 8 countries with 36 projects in the pipeline, anchored by the flagship Pasig River cleanup in Manila with the ICTSI Foundation (up to 4,000 kg/day collection, 340,000 kg/year recycling capacity) and a recently signed MoU with the Maharashtra Government in India. Total installed capacity reaches 2.5 million kg/year of river waste collection and 2.0 million kg/year of low-value plastic recycling, and operations are run under an ISO 14001:2015 certified Environmental Management System.

The underlying technology is mechanical collection combined with downstream recycling infrastructure, packaged around a self-sustaining economic loop in which collected plastic is converted into recyclable output that funds continued operations. The core product line, RiverRecycle Boards, is positioned as deployable equipment rather than software, and the company does not disclose any AI, ML, or software-as-a-service components. Distribution is direct: the company sells into sustainability-oriented institutional stakeholders including national and municipal governments, NGO/foundation partners (ICTSI Foundation, Coca-Cola Foundation, Benioff Ocean Initiative), and corporate partners with environmental mandates (Huhtamaki, SMEP).

The commercial model is described as subscription/recurring, with revenue generated through river cleanup services, plastic recycling, and project-based contracts rather than per-unit public pricing. Customer logos and contracts are concentrated among a small set of named institutional partners, and there are no disclosed funding rounds, revenue figures, or headcount specifics beyond an 11-50 employee range. The company is privately held and founder-controlled (CEO and founder Anssi Mikola), with a dedicated "For investors" page suggesting an active capital-raising posture despite the absence of disclosed funding to date.

Name

Riverrecycle Oy

Legal name

Riverrecycle Oy

Website

https://riverrecycle.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Riverrecycle Oy is a Finnish environmental technology company that designs and deploys proprietary river-cleaning hardware (RiverRecycle Boards) to collect and recycle plastic waste from rivers, serving governments, NGO foundations, and sustainability-focused corporate partners across 8 countries.

Ownership category

akta.pro rank

Product category

River Plastic Waste Management

NAICS

Materials Recovery Facilities (562920), Waste Collection (56211), Waste Collection (5621)

SIC

Water Supply (4941)

akta.pro primary industry

Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA)

akta.pro secondary industries

Mechanical Recycling (Wash, Grind, Pelletize) (EUAIAKAB), On-site Recycling Programs (Single-Stream, Source-Separated) (BPABALAB)

Keywords

• River plastic collection
• Plastic waste recycling
• River cleaning technology
• Ocean pollution prevention
• Environmental cleanup services

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. River cleanup and waste management services: The company provides river cleaning services and plastic waste recycling solutions, generating revenue through partnerships with governments, NGOs, and corporations focused on sustainability. The model is designed to be self-sustaining by creating economic value from collected and recycled materials.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

RiverRecycle provides river plastic waste collection and recycling solutions through its proprietary RiverRecycle Boards technology. The system captures up to 4,000 kg of waste per day from rivers before it reaches oceans and recycles the material through installed low-value plastic recycling capacity of 2.0 million kg/year, creating a self-sustaining loop that generates economic value from collected waste.

Product overview

RiverRecycle Oy offers a unified environmental technology solution combining river plastic waste collection with recycling capacity. The core product is the RiverRecycle Boards system, which uses specialized river cleaning technology to collect up to 4,000 kg of waste per day with 340,000 kg/year recycling capacity. The company operates under an ISO 14001:2015 certified Environmental Management System and is present in 8 countries with 36 projects in the pipeline. The solution focuses on creating a self-sustaining loop that stops ocean plastic pollution while delivering measurable impact for sustainability-oriented institutional stakeholders.

Differentiator

Problem solved

Functional benefit

Brands

• RiverRecycle Boards: Boards product line offered by the company for river plastic waste recycling operations.

Products and services

• RiverRecycle Boards Proprietary river cleaning technology and equipment designed to collect plastic waste from rivers before it reaches the oceans, featuring a self-sustaining loop of waste collection and recycling for institutional sustainability partners.

Quantifiable outcome

• Collecting up to 4,000 kg/day of river waste
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Maharashtra GovernmentcoreStrategic or Co-development Partner · 7 March 2026MoU signed through Maharashtra Fisheries Development Corporation to modernize Sassoon Dock in Mumbai, India. Focus on waste management, recycling plastic waste and discarded fishing nets, and strengthening net repair systems.
• ICTSI FoundationcoreStrategic or Co-development PartnerFlagship partnership for Pasig River cleanup project in Manila, Philippines. RiverRecycle deployed their river cleaning technology collecting up to 4,000 kg/day with recycling capacity of 340,000 kg/year.
• Coca-Cola FoundationcoreStrategic or Co-development PartnerSustainability partnership supporting river cleanup and plastic recycling initiatives aligned with Coca-Cola's environmental commitments.
• HuhtamakicoreStrategic or Co-development PartnerSustainability-focused partnership with Huhtamaki, a global packaging and sustainability solutions company.
• Benioff Ocean InitiativecoreStrategic or Co-development PartnerPartnership supporting ocean conservation and plastic pollution prevention initiatives.
• SMEPminorStrategic or Co-development PartnerSupplier operations management partnership focused on sustainable waste management.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Renewlogy: US-based advanced recycling company converting mixed and low-value plastics back into feedstock. Comparable in addressing hard-to-recycle plastics, though focused on chemical recycling technology rather than river collection.
• Precious Plastic: Open-source community plastic recycling movement building small-scale recycling machines globally. Comparable in enabling decentralized plastic recycling, though focused on community workshops rather than riverine collection.
• Loop Industries: Technology company with proprietary process to depolymerize waste PET into virgin-quality resin. Comparable in targeting low-value plastic streams through advanced recycling, though Loop is PET-focused and technology-licensing oriented.

Broad incumbents

• Veolia: Global environmental services giant with significant waste management and recycling operations. Comparable as a potential partner or competitor at scale, though Veolia is a diversified incumbent rather than a niche river-cleanup operator.
• SUEZ: Major global water and waste management company with substantial plastics-recycling operations. Comparable in plastics recycling at industrial scale, with broader geographic and service-line coverage than RiverRecycle.

Direct peers

• The Ocean Cleanup: Dutch non-profit deploying large-scale systems to remove plastic from rivers and oceans. Directly comparable to RiverRecycle's mission of intercepting riverine plastic pollution, though The Ocean Cleanup is more donor-funded and less focused on downstream recycling monetization.
• Plastic Bank: Social enterprise that collects ocean-bound plastic and converts it into Social Plastic® feedstock for resale. Comparable business model of collection-plus-recycling with embedded social/environmental value, operating in similar Southeast Asian geographies.
• Bantam Materials International: Operates river-based plastic cleanup and recycling infrastructure in multiple countries, similar to RiverRecycle's model. Direct competitor in the riverine plastic collection and processing space.

Regional players

• Wecyclers: Nigeria-based household waste recycling platform that incentivizes collection. Comparable in using economic incentives to drive plastic collection from low-income communities, though focused on household rather than river waste.
• Mr. Green Africa: Africa-focused plastic recycling and waste collection social enterprise operating a similar collection-to-recycled-commodity model. Comparable business architecture but geographically focused on East Africa rather than Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/37022863
• Instagraminstagram.com/riverrecycle
• Xx.com/river_recycle
• Facebookfacebook.com/riverrecycle

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Riverrecycle Oy