Olyns

Olyns is a California-based company that offers beverage container recycling solutions and advertising services to brands through its dual-purpose, AI-enabled reverse vending machine (RVM) cubes. The RVM cubes can be located at any high-traffic location—indoors or outdoors—where consumers purchase, drink, and discard beverage containers. As part of its expansion efforts, the company is also expanding to California, Georgia, and other states across the US. 

The company generates revenue from advertising and uses recycling cubes with 65-inch HD video displays to promote sustainability and reach consumers in stores. These screens serve a dual purpose by airing content about recycling and acting as an advertising network to communicate with millions of consumers, influencing their purchase decisions at the point of sale.

Olyns' recycling cubes, equipped with AI algorithms, can identify any container and hold over 2,200 containers each, redirecting more than two metric tons of material annually. The cube crushes and separates materials, utilizing AI-image recognition for deposit refunds and touchless NFC login through the Olyns mobile app. The Olyns machines are serviced by gig economy workers who receive alerts through the app to collect and transport deposited containers to recycling centers.

Key customers and partnerships

Olyns has partnered with The Coca-Cola Company and PepsiCo to conduct pilot programs and with Mars Wrigley to launch the Sweet Rewards Challenge. In August 2023, the company partnered with Screenverse , an ad management and monetization provider, to enable media buyers to find and purchase ads on the Olyns media network.

Funding and financials

Olyns raised USD 4 million in Series A financing led by Vanedge Capital in May 2023 to support its development of AI-driven technology and expand its dual recycling and media networks.