Kaltani, a Nigerian cleantech recycling startup, has secured $4 million seed investment to expand its service offerings. The investors in the round were not disclosed.
Founded by Obi Nnanna, Kaltani is a climate tech plastic recycling company that is committed to tackling the global plastic epidemic.
The startup aims to solve Africa’s growing plastic waste crisis by promoting the circular economy and recycling best practices.
Kaltani will use the funding round to open 20 new collection and aggregation centres across Nigeria and increase its staff strength to over 500 people.
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 disaster causing environmental degradation to our oceans, aquatic life, the air we breathe and our health.
“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.”