Algramo is a solution to that. The fund invests in a variety of circular economy startups. The first Algramõ model, Algramõ 1.0, involved the introduction of vending machine refill stations in family-owned neighborhood stores, or FONS. This developed after an investment by Closed Loop Ventures. Strand, London Startup’s plastic-reducing refill system goes mobile in Chile. Algramo's mission is to catalyse reusable packaging systems on a globally significant scale. “We offer a solution where we decouple consumption from packaging waste,” said Algramo’s Brian Bauer. Spotted: Chile-based startup Algramo, who Springwise first spotted in 2015 for its vending machines selling bulk staples around Santiago at affordable rates while splitting the profits with shopkeepers, has evolved the concept to include mobile refill units after a successful pilot program last year. Click here to learn more. Spotted: Chile-based startup Algramo, who Springwise first spotted in 2015 for its vending machines selling bulk staples around Santiago at affordable rates while splitting the profits with shopkeepers, has evolved the concept to include mobile refill units after a successful pilot program last year. This takes away the "poverty tax," the extra cost of buying smaller products, and reduces plastic use With their brand partners, they co-develop technology like Packaging as a Wallet (PaaW), that communicates with IoT connected vending machines. The reusable containers are equipped with an RFID code that provides discounts on future purchases, which helps encourage citizens to participate. It also boasts an 80 per cent reuse rate of its packaging, which was around just 10 per cent in the early days of operation. It means “by the gram,” and is a company that distributes vending machines full of bulk staples such as rice, beans, lentils, and sugar. Given the urgency of the global plastic waste problem, this is heartening news. Since we first covered Algramo over five years ago, the startup has gone from around 300 installed vending machines to now being in more than 2,000 bodegas in Santiago alone. Since its creation the charity has emerged as a global thought leader, establishing the circular economy on the agenda of decision makers across business, government and academia. Algramo's mission is to catalyse reusable packaging systems on a globally significant scale. This innovation is brought to you by Plastic Odyssey, an expedition across 3 continents that will reach areas most affected by plastic pollution and develop local solutions. WC2R 1LA. New Wing, To highlight this issue further: Out of the 9.2 billion tonnes of plastic ever made, 6.9 billion tonnes is waste — and 91 per cent of that has never been recycled. With its network of 2,000+ convenience stores and packaging reuse rates over 80%, Algramo caught the attention of brands like Unilever, Nestle and others keen to explore reusable packaging. Chilean startup Algramo initially used vending machines to sell refills of staple goods in stores. Somerset House, Now it’s expanding to include a mobile refill unit—and it’s coming to the U.S. “There’s a lot of that packaging that ends up in the environment, ultimately, in oceans or other places it shouldn’t be.”. This effort is focused on reducing plastic consumption by using refillable containers for products like dish soap and washing detergent. Through their distribution system, Unilever sells their laundry detergent for 30% below supermarket prices. Algramo is a vending machine that allows people to refill their cleaning supplies at a set price rate. Don't forget that if you do like our videos, you can click the \"like\" button as well as sharing with your colleagues and friends.—Find out more about our work here: www.ellenmacarthurfoundation.org—The Ellen MacArthur Foundation was launched in 2010 to accelerate the transition to a circular economy by world record breaking sailor Ellen MacArthur. Algramo is showing how a great idea can evolve from having a minimal, localised impact into something with a much wider reach. The Ellen MacArthur Foundation is a UK charity working on business, learning, insight \u0026 analysis, and communications to accelerate the transition towards the circular economy.#circulareconomy—► Subscribe to our channel here: https://www.youtube.com/user/made2bemadeagain—We love your comments and feedback, so please share here. Algramo partnered with Unilever on the mobile unit project, and prior to the COVID-19 pandemic, there were plans for the startup to bring its services into the US this year. This is evident in its ability to attract the attention of major brands like Unilever and Purina, and investors that have made its pending expansion into the US possible. With the support of its Core Philanthropic Partners SUN, MAVA and People's Postcode Lottery and Knowledge Partners Arup, IDEO, McKinsey \u0026 Company and SYSTEMIQ.—Follow us online on these channels:Instagram: http://instagram.com/ellenmacarthurfoundationFacebook: http://facebook.com/EllenMacArthurFoundationLinkedIn: https://www.linkedin.com/company/ellenmacarthurfoundationWebsite: https:/www.ellenmacarthurfoundation.orgTwitter: http://twitter.com/circulareconomyMedium: http://medium.com/circulatenews