Chilean Circular Economy Pioneer Poised for Expansion
Pay for the product, not the packaging. Start filling bottles, not landfills. These are just a few of the value propositions Algramo, a Chile-based company, has introduced in recent years. In business for a decade, Algramo is a circular economy game-changer … and still very much on the rise.
Algramo provides a self-service, cashless way to buy big brand cleaning products in a more sustainable way. Algramo stations – which are smart dispensing systems, similar to vending machines – are set up at retail locations, including Walmart, throughout Chile. The process is simple: users download an app, charge their account, bring their reusable bottle to an Algramo dispenser and then select how much of a cleaning product they wish to buy.
Having just secured $8.5 million in funding from Mexico’s Dalus Capital, with participation from Angel Ventures, FEMSA Ventures, Volta Ventures, Impact Assets, University Venture Fund, Century Oak Capital and Closed Loop Partners’ Ventures Group, Algramo says it will launch pilot stations around the world.
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