Greenwave Technology Solutions’ Scrap App Dominates Market Share Capture

January 30, 2024
1 min read

TLDR: Greenwave Technology Solutions’ subsidiary, Scrap App, has generated over $200,000 in revenue from cars purchased through its platform in the first 130 days since launch. The company plans to expand Scrap App to additional markets in February and March 2024. Greenwave believes that its vertical integration of key stages of the car scrapping process could create significant competitive advantages. The company is developing artificial intelligence to optimize pricing and automate systems to create efficiencies as it continues to capture market share.

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