Core Insights - Greenwave Technology Solutions, Inc. has launched an advanced AI-powered operator in its subsidiary, Scrap App, aiming to disrupt the $32 billion U.S. auto recycling market [1][8] - The AI operator enhances operational efficiency by providing real-time quotes, scheduling vehicle pickups, and handling customer inquiries [7][8] - Greenwave plans to expand Scrap App into the top 25 U.S. markets by the end of 2025, building on its existing presence in key cities [3][4] Company Overview - Greenwave operates 13 metal recycling facilities and supplies sustainably sourced metals to leading steel mills and industrial partners [5] - The company plays a critical role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio [5] Market Opportunity - The auto recycling industry is fragmented, presenting a significant market opportunity for Greenwave with a proven, scalable model [8] - A leading competitor in the industry reported $130.7 million in revenue for FY 2024, indicating the potential for Scrap App to capture significant market share [2][8] Strategic Focus - The company's focus on innovation and scalability is aimed at unlocking long-term shareholder value [4] - Automation through AI is expected to reduce operating costs, enhance scalability, and improve customer experience [2][8]
Greenwave Technology Solutions, Inc. Launches AI-Powered Expansion of Scrap App