Greenwave Technology Solutions' Scrap App Expands to Richmond, VA Market as it Continues to Capture Market Share
CHESAPEAKE, Va., March 4, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that its wholly-owned subsidiary, Scrap App, Inc. ("Scrap App") is now serving the Richmond Metropolitan Area, the third largest in the Commonwealth of Virginia. Scrap App is also available in the Hampton Roads, VA and Cleveland, OH markets. Greenwave has generated hundreds of thousands of dollars in revenue from end-of-life vehicles purchased through Scrap App.
- Scrap App is also available in the Hampton Roads, VA and Cleveland, OH markets.
- Greenwave has generated hundreds of thousands of dollars in revenue from end-of-life vehicles purchased through Scrap App.
- Scrap App has adopted the lean startup methodology, expanding primarily utilizing the cashflows it generates from operating activities.
- Greenwave intends to utilize its expansive expertise in the $41.4 billion metal scrap industry(2) to develop Scrap App into an industry-leading technology platform.