Remind Secures US$1.3 Million to Revolutionize E-Waste Recycling in Indonesia

Remind, Indonesia’s pioneering e-waste management and recycling startup, has announced a significant funding round of US$1.3 million. The investment, led by Bali Investment Club with co-lead BEENEXT and participation from Spiral Ventures, will fuel Remind's innovative efforts to tackle Indonesia's rapidly escalating electronic waste crisis.

E-waste is a global challenge, growing faster than any other waste stream, and Indonesia is a major contributor, ranking among the top 10 producers worldwide. As the volume of discarded electronics is projected to surge, Remind is at the forefront of a sustainable solution, recovering valuable metals such as gold, copper, and silver from defunct devices with significantly less energy consumption than traditional mining.

"We are incredibly excited to support Remind's ambitious vision to address e-waste and forge a sustainable future for Indonesia," stated Nicolo Castiglione, Managing Partner of Bali Investment Club. "Their solution uniquely blends profitability with substantial environmental impact, aligning perfectly with our investment philosophy. What truly set Remind apart for us was the remarkable speed and profitability with which the founders have achieved traction in the international e-waste trading sector since day one. It is truly exceptional to discover an impactful startup in Indonesia, and globally, that not only targets a significant market but also demonstrates robust, profitable growth from its inception, all backed by a diligent and technically proficient young founding team. Remind undoubtedly meets all these criteria."

Since commencing operations in September 2023, Remind has already managed nearly 3,500 tonnes of e-waste. This new capital will be instrumental in establishing the company's physical separation processing capabilities, enabling them to efficiently recover valuable metals directly from the e-waste stream.

"Remind’s innovative approach to e-waste recycling positions them to disrupt the industry,” commented Faiz Rahman, Partner at BEENEXT. “We believe their focus on sustainability and operational efficiency will create a significant impact across Indonesia and beyond.”

Anissa Dyah Setyowati, Principal of Southeast Asia Investments at Spiral Ventures, added, “As industries globally shift towards recycled metals over natural sourcing, the demand for these materials is set for rapid growth. Meanwhile, Indonesia possesses an abundance of e-waste, yet only a mere 10% is properly recycled. We are proud to back Remind in bridging this recycling gap and advancing a more sustainable, circular economy, both locally and globally.”

Remind is on track to manage an impressive 6,000 tonnes of e-waste by the end of 2025 and aims to handle over 90,000 tonnes by 2030, solidifying its leadership in Indonesia’s burgeoning recycling sector.

“We are deeply committed to transforming how e-waste is managed in Indonesia,” said Dzikri Soefihara, CEO of Remind. “This funding allows us to build critical infrastructure and scale our operations, but more importantly, it moves us closer to our long-term vision of making e-waste recycling both accessible and impactful across Indonesia.”

Looking ahead, Remind has an even more ambitious goal: to establish an advanced facility capable of not only separating and extracting metals from non-metallic fragments but also refining them using both hydrometallurgical (water-based) and pyrometallurgical (heat-based) methods. This transformative step would effectively turn Remind into an Indonesian-based smelter, allowing the company to fully manage downstream activities and significantly enhance material recovery. Remind plans to secure additional funding to realize this vision within the next 1-3 years, or potentially sooner.