Kaltani, Nigerian cleantech recycling startup, the company has received a $4 million seed funding to expand its services offerings. The identities of the investors were not disclosed.
Kaltani, a climate-tech plastic recycling company founded by Obi Nnanna is dedicated to fighting the global plastic crisis.
The startup aims to solve Africa’s growing plastic waste crisis by promoting the circular economy and recycling best practices.
Kaltani will use this funding round to establish 20 new collection and aggregate centres in Nigeria, and to increase its staff to more than 500.
These updates will augment Kaltani’s capacity substantially, allowing the company to recycle up to 15,000 tonnes of plastic waste each year.
Commenting, CEO Obi Nnanna said, “The world has a plastic pollution crisis. Plastic waste is an environmental catastrophe that causes environmental degradation in our oceans, aquatic lives, our health, and the air we breathe.
“With the amount of plastic waste produced set to continue skyrocketing, the world desperately needs actionable and scalable solutions.
“At Kaltani, we have already proven that our solution and model works effectively and efficiently with a thorough A-Z value chain solution, and we are beyond excited to commence our expansion into other parts of Nigeria.”