About We-Convert
We-Convert is an Environment company based in Noida (India) founded in 2015. IoT-enabled smart trash cans are provided for waste segregation. It operates in the Environment and Technology sectors. We-Convert has raised $97.96 thousand across 3 funding rounds from investors including Marl Accelerator and Alchemist Accelerator. We-Convert was last valued at $830.71 thousand in April 2018. Its Indian entity Frolitic Energy Solutions Private Limited reported revenue of ₹1.1 Lakh. Its focus areas include High Tech, Smart Cities, Smart Utilities and Waste Management. Its competitors include ScrapUncle, ECOWRAP and R2 PROMISE; 1 of its 3 listed competitors has raised funding.
Company details
We-Convert was founded in 2015 in Noida, India, as a waste management startup. IoT-enabled smart bins are developed to automatically segregate recyclable waste and generate data insights. Collected waste is removed and recycled through partner networks. Users are rewarded with discount coupons based on the volume and type of disposed waste, supporting efficient urban waste handling in the sector.
- Headquarters Noida, India
- SectorsEnvironmentTechnology
- Website weconvert.org
- Social LinkedIn
- Legal Name Frolitic Energy Solutions Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Faridabad, Haryana, India
- Annual Revenue₹1.1 Lakh
FY 2020 · -93% YoY
- Net Loss-₹5.5 Lakh
FY 2020 · -495% margin
- EBITDA-₹7.2 Lakh
FY 2020 · -652% margin
- Total Equity Funding$97.96K (USD)
in 3 rounds
- Latest Funding Round$50K (USD), Seed
Aug 2020
- InvestorsMarl Accelerator
& 1 more
Associated legal entities of We-Convert
We-Convert operates through Frolitic Energy Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Frolitic Energy Solutions Private Limited CIN U74999HR2017PTC070439 | Active | 22 Aug 2017 | Faridabad, Haryana | ₹0.0 Cr | 2 | View details |
Funding Insights of We-Convert
We-Convert has successfully raised a total of $97.96K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $50 thousand completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $97,958
- Total Rounds 3
- Last Round Seed — $50,000
- First Round $47,958
(Apr 2018)
- Investors Count 2
All 3 funding rounds of We-Convert with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $50,000 | Seed | – | – | |
| May 2020 | Seed | – | Alchemist Accelerator | – | |
| Apr 2018 | $47,958 | Seed | $830,714 | – | – |
Last known valuation $830,714 (Apr 2018). 2 investors in total: 2 institutional.
Investors in We-Convert
We-Convert has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Marl Accelerator and Alchemist Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Deep tech startups in mobility and robotics are accelerated. | marlaccelerator.com | San Francisco, United States | ||
Enterprise startups are accelerated via a 6-month program. | alchemistaccelerator.com | San Francisco, United States |
Investor details for We-Convert
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Frolitic Energy Solutions Private Limited (We-Convert)
Frolitic Energy Solutions Private Limited is the primary company behind We-Convert. The board of Frolitic Energy Solutions Private Limited currently have 2 directors; the longest-serving is Ashutosh Srivastava, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashutosh Srivastava DIN 07907576 | Director | 22 Aug 2017 | 9 yrs 2 mo | Frolitic Energy Solutions Private Limited |
| Pranav Manocha DIN 08071202 | Director | 21 Feb 2018 | 8 yrs 8 mo | Frolitic Energy Solutions Private Limited |
People of We-Convert
1 people are tracked at We-Convert (1 in leadership).
| Name | Role | Group |
|---|---|---|
Daniel Peschel | Ceo | Leadership |
Complete people profiles for We-Convert
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of We-Convert
Figures of Frolitic Energy Solutions Private Limited, the primary company behind We-Convert, for FY 2020. Revenue was ₹1.1 Lakh (-93% year on year). Net loss was -₹5.5 Lakh (-495% margin). EBITDA was -₹7.2 Lakh (-652% margin).
- ₹1.1 LakhRevenue · FY 2020 · -93% YoY
- -₹5.5 LakhNet loss · -495% margin
- -₹7.2 LakhEBITDA · -652% margin
- ₹2.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Frolitic Energy Solutions Private Limited are on its company page.
Detailed financial statements for We-Convert
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of We-Convert
3 dated milestones of We-Convert across 5 years, from founding to its latest funding, stage changes and deals.
- Founded We-Convert is founded.
- Funding First funding round of $48K.
- Funding Latest funding round, Seed, of $50K.
Competitors of We-Convert
We-Convert has 3 listed competitors in our database, 1 of them funded. They include ScrapUncle, ECOWRAP and R2 PROMISE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scrapuncle.com | 2016 | Delhi, India | $520,212 | ScrapUncle - Recycling Made Easy | ||
| ecowrap.in | 2017 | Jaipur, India | Online waste removal services are scheduled with user incentives. | |||
| r2promise.com | 2017 | Bengaluru, India | E-waste recycling and producer responsibility services are provided to manufacturers. |
Detailed competitors of We-Convert
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as We-Convert (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Frequently Asked Questions about We-Convert
We-Convert was founded in 2015 and raised its 1st funding round 3 years after it was founded.
We-Convert is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
We-Convert is a funded company, having raised a total of $97.96K across 3 funding rounds to date. The company's 1st funding round was a Seed of $47.96K, raised on Apr 2018.
The primary company behind We-Convert, Frolitic Energy Solutions Private Limited, reported revenue of ₹1.1 Lakh for FY 2020, down 93% year on year.
We-Convert was founded in 2015 in Noida, India, as a waste management startup. IoT-enabled smart bins are developed to automatically segregate recyclable waste and generate data insights. Collected waste is removed and recycled through partner networks. Users are rewarded with discount coupons based on the volume and type of disposed waste, supporting efficient urban waste handling in the sector.
We-Convert's top competitors include ScrapUncle, ECOWRAP and R2 PROMISE.
We-Convert has 2 investors. Key investors include Marl Accelerator, and Alchemist Accelerator.
The valuation of We-Convert is $830.71K as of Apr 2018.
We-Convert operates through Frolitic Energy Solutions Private Limited.
The legal entities of We-Convert currently have 2 directors, including Ashutosh Srivastava, Pranav Manocha.