Gurgaon: Putting the idea of recycling into action, a city-based student has founded his own social venture where he aims to recycle all the tyres which have served their time. The web platform, called Tyrelessly, was launched by Anubhav Wadhwa, his third venture at the age of 16.
Wadhwa founded Tyrelesly in December 2015 and has launched his web platform just two days back. The company recycles used tyres to produce bio-fuel and other by-products. All one needs to do is to log in to Tyrelessly web platform and click on the option ‘Tyreless’, following which the team sends their truck to pick up the tyres from one’s doorstep and sends the same for recycling.
Talking about the business model, Wadhwa said, “We are not charging anyone any money. The revenue will come from advertisements later when the site starts getting traffic.” He said that 450 litres of fuel, 150 litres of petroleum gas, 75 kg of steel, and 250 kg of carbon can be produced from 1,000 kg of tyres.
An average weight passenger car tyre can be reduced to more than 2.5 kg of valuable carbon black, over 19,000 British thermal unit of gas, 1 kg of steel and 2 litres of oil. The tyres are recycled at recycling plants through a process called pyrolysis, which has different stages that can be selected as per the required end product. “The company can generate revenue from the the sale of these byproducts of tyres. I aim to boost tyre recycling rates in at least 100 communities, grow to one million members and help launch new programmes in communities all across India,” he said.
Tyrelessly is internally funded from Wadhwa’s accruals from earlier tow ventures and his various stints with clients whom he helped in developing platforms.
“It is a great opportunity and I have learnt a lot in my involvement with Tyrelessly,” says Pancham Yadav. He is handling social media marketing for the company.
Wadhwa started his first venture, called Techapto, a software product development company that works on project basis. He has also developed websites for several companies, including ETI Dynamics.
“It’s great to see such talent at such young age and though we also working in waste management, however, Wadhwa is working in a very different space and innovating very well,” said Priyensh Salunke, manager (venturing & strategic partnerships), ETI Dynamics.