
Scrap App’s AI-powered system automates quotes, scheduling, and customer service.
The company is accelerating its nationwide expansion in 2025, building on its success in key cities.
It aims to become a dominant player in the $32 billion auto recycling industry.
CHESAPEAKE, Va., Jan. 27, 2025 — (NASDAQ:GWAV) (“Greenwave” or the “Company”), a leader in metal recycling, announced the launch of an advanced AI-powered operator for its subsidiary, Scrap App (). This makes Scrap App a major contender in the fragmented $32 billion U.S. auto recycling market(1).
Revolutionizing Junk Car Processing with AI
Scrap App’s AI Operator can autonomously:
- Generate instant junk car price quotes.
- Arrange vehicle pickups.
- Efficiently handle customer inquiries.
This automation lowers operational costs, improves scalability, and enhances customer satisfaction. In a market where a leading competitor reported $130.7 million in FY 2024 revenue(2), Scrap App is well-positioned for significant market share growth.
Aggressive National Growth Strategy
Scrap App has a strong presence in Hampton Roads, Richmond, Greenville, Elizabeth City, and Cleveland. Using its AI-driven, vertically integrated model, Greenwave plans to expand Scrap App to the top 25 U.S. markets by the end of 2025.
“Scrap App’s AI technology is transforming the junk car industry,” said Danny Meeks, CEO of Greenwave Technology Solutions. “This innovation boosts operational efficiency and positions us for rapid growth in this expanding market.”
Key Points for Investors
- $32 Billion Market Opportunity: Greenwave is targeting a fragmented auto recycling industry with a proven, scalable model(1).
- AI-Driven Cost Savings: Automation increases profitability and allows for rapid geographic expansion.
- Demonstrated Success: Early market penetration confirms Scrap App’s growth potential and competitive edge.
Greenwave’s focus on innovation and scalability highlights its dedication to delivering long-term shareholder value.
About Greenwave Technology Solutions, Inc.
Greenwave Technology Solutions, Inc. (Nasdaq: ) operates 13 metal recycling facilities supplying leading steel mills and industrial partners with sustainably sourced metals. Headquartered in Chesapeake, VA, Greenwave plays a key role in infrastructure projects and U.S. national security, with operations across Virginia, North Carolina, and Ohio. For more information, visit .
For detailed financials and updates, visit .
Forward-looking Statements
This press release includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements about revenue growth, new location openings, margin expansion, and cash flow projections. These statements use words like “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project,” and similar terms. All forward-looking statements apply only to the date of this press release. Do not place undue reliance on these forward-looking statements. While the Company believes its plans, objectives, expectations, and intentions are reasonable, it cannot guarantee their achievement. Forward-looking statements involve significant risks and uncertainties (some beyond the Company’s control), assumptions, and other factors that could cause actual results to differ materially from historical experience and current expectations or projections. Actual results may differ significantly from those in the forward-looking statements, and the trading price of the Company’s common stock may fluctuate considerably. Forward-looking statements are also affected by the risk factors described in the Company’s SEC filings. Except as legally required, the Company does not undertake to update or revise any forward-looking statements, whether due to new information, future events, or otherwise, after the date they are made or to reflect unforeseen events.
SOURCE Greenwave Technology Solutions