Raw: [
Circular manufacturing startup Molg announced that it has raised $5.5 million in seed funding, with […]]
Molg Raises $5.5 Million to Tackle E-waste with Robotics – ESG Today
ESG Investing, sustainable finance & business sustainability news
ESG investing news, analysis, research and information
Top Stories ESG News
Companies
Government
Investors
Regulators
Sustainable Finance
ESG Solutions ESG Tools, Services
Companies Companies
Investors Investors
ESG Disclosure ESG Reporting
Analysis
Regulators
Reports, Studies
Newsfeed
Whitepapers
Events
About About us
Our Team
Advertise With Us
Environment/ Private Equity & Venture Capital
Molg Raises $5.5 Million to Tackle E-waste with Robotics
Mark Segal
October 11, 2024
Circular manufacturing startup Molg announced that it has raised $5.5 million in seed funding, with proceeds aimed at scaling capacity for the company’s solution to tackle electronics waste.
Founded in 2021 by CEO Rob Lawson Shanks and CTO Mark Lyons, Sterling, Virginia-based Molg provides circular manufacturing processes for electronics and electrical components, focused on robotics and design, including robotic microfactories that can autonomously disassemble complex electronic products – such as laptops or servers – to recover valuable components for reuse, remanufacturing or recycling, and partnering with manufacturers to design electronics with circularity in mind.
The company said that it will use the new capital to scale its robotic microfactories, and increase its capacity to meet growing demand for sustainable electronics solutions.
Molg cofounder and CEO Rob Lawson-Shanks said:
“Achieving true circularity requires a fundamental shift in the underlying systems that support demanufacturing. It starts with better design and is enabled by dynamic automation. This funding allows us to accelerate our work at both ends of a product’s life, designing for circularity from the start and recovering valuable devices, components and materials through automated disassembly.”
The seed funding round was led by circular economy-focused investor Closed Loop Partners’ Venture Group, and included participation from Amazon Climate Pledge Fund, ABB Robotics & Automation Ventures, Overture, Elemental Impact and Techstars.
Aly Bryan, Investor on the Ventures Group team of Closed Loop Partners, said:
“We invested in Molg because they are rethinking how critical materials can be recovered from electronics, addressing a historically overlooked source of valuable resources. Their process maximizes the value of recovered materials and allows for local recovery where materials are most needed––important parts of advancing the circular economy.”
Sam LaPierre, Investor at Amazon’s Climate Pledge Fund, added:
“Amazon remains committed to our decarbonization efforts and supporting technologies that aim to improve the circularity of our supply chains. Efforts to improve hardware demanufacturing and material recovery, such as those developed by Molg, are promising technologies that can help advance the recycling and material recovery industries at scale.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
Related Posts
Environment /
Climate Tech Startup Paebbl Raises $25 Million to Turn Captured CO2 into Building Materials
Private Equity & Venture Capital /
Fusion Reactor Startup Zap Energy Raises $130 Million
Environment /
Green Data Center Solutions Provider Submer Raises $55.5 Million
‹ S&P Global Launches Climate Center of Excellence Focused on Climate, Environmental, and Nature Research
ESG Today Newsletter – Subscribe
Subscribe to the ESG Today NewsletterJoin our mailing list for the latest breaking ESG investment news!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Sustainable Finance
Canada to Launch Sustainable Investment Taxonomy
CDPQ, Nuveen Launch $600 Million Sustainable Commercial Real Estate Finance Program
Asda Ties Financing Rates for Suppliers to Decarbonization, ESG Reporting and Performance
GeoPura Raises £22 Million to Build Out Green Hydrogen Power Unit Fleet
Government
UK Launches Cap and Floor Scheme to Support Energy Storage Investment
Canada to Launch Sustainable Investment Taxonomy
Canada to Introduce Mandatory Climate Disclosure Requirements for Large Companies
UK Climate Change Committee Appoints Emma Pinchbeck as New Chief Executive
Categories
Select Category
Companies
Energy Transition
Environment
ESG Reporting
ESG Tools, Services
Executive Moves
Governance
Government
Guest Posts
Investors
M&A
New funds & products
Platforms & Markets
Private Equity & Venture Capital
Professional bodies
Regulators
Reports, Studies
Social
Social & Governance
Sustainable Finance
Back to Top
Home
About us
Disclosure, cookies & privacy policy
© ESG Today 2024
Don’t miss the top ESG stories!Join the ESG Today daily newsletter and get all the top ESG stories, like this one.
Subscribe now below!
LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther
FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther
SUBSCRIBE!
You have Successfully Subscribed!
Never miss the latest breaking ESG investment news. Get ESG Today’s newsletter today!
Subscribe Now
c
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy