20 Dec '11, 2pm

eRecyclingCorps Takes a Bite out of Phone E-Waste with New Funding

eRecyclingCorps Takes a Bite out of Phone E-Waste with New Funding

The EPA estimates that there are roughly 130 million mobile phones in the U.S. that will be discarded this year. And that number is only likely to pick up speed as people upgrade phones more quickly. We've reported on a couple of notable, recent efforts to reduce the mountain of consumer e-waste here in the U.S., including Best Buy's free e-waste takeback and eBay's Instant Sale program . While both of those programs are already making a dent, there is obviously a big market to slice up. And a three-year-old startup eRecyclingCorps thinks it has a solution -- and has just landed some major funding to try and scale it. The company, founded by former CEOs from Radio Shack and Sprint, is announcing this morning that it has secured $35 million in financing from Kleiner Perkins Caulfield & Byers to expand on its work. eRecyclingCorps' business model is simple: Make recycling a ...

Full article: http://www.greenbiz.com/news/2011/12/20/erecyclingcorps-t...

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