Molg Raises $5.5M in Seed Funding to Scale Robotic Microfactory Operations
Molg works with electronics manufacturers like HP, Dell, and ABB Robotics & Automation Ventures to design products for automated recovery, remanufacturing, and recycling.
Company Name: Molg
Location: Sterling, VA
Sector: Robotics, Automation, Circular Economy
Funding Details: Raised $5.5 million in Seed funding, led by Closed Loop Partners’ Ventures Group, with participation from Amazon Climate Pledge Fund, ABB Robotics & Automation Ventures, Overture, Elemental Impact, and Techstars.
Purpose of Investment: The company will use the funds to scale production capacity and meet growing customer demand for circularity and automation.
Product and Innovation: Molg is a robotic microfactory company that autonomously disassembles complex electronic products, such as laptops and servers, to recover valuable components and materials, keeping them in supply chains and out of landfills. The company partners with manufacturers to design products with reuse in mind, ensuring circularity in product lifecycles.
About the Company: Molg works with electronics manufacturers like HP, Dell, and ABB Robotics & Automation Ventures to design products for automated recovery, remanufacturing, and recycling. The company has already deployed robotic disassembly microfactories at Sims Lifecycle Services and is expanding to ITAD facilities of leading hyperscalers.