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Wasteless

A dynamic pricing engine to reduce food waste in retail

May 2021
Gallery Wasteless 1
Gallery Wasteless 1
01.

Identification

Wasteless is a turnkey food waste Solution which optimises food price markdowns based on expiry dates. Wasteless is a proprietary dynamic pricing algorithm for products with a limited expiration date, allowing retailers to deploy AI to mark off prices. With Wasteless, supermarkets sell more, waste less and consumers get to choose how much they want to pay for a product based on its expiration date. Wasteless recaptures lost revenue, reduces labour related to shelf management and minimises grocery retail’s food waste carbon footprint. This creates new marketing and revenue opportunities for food retailers. In retail Wasteless’ machine-learning technology is a proven Solution that eradicates food waste, showing a substantial percentage point margin increase on the categories we work on.

Label Date May 2021
From Israel
Maturity stage Medium and large scale commercialization
Looking For Network, New clients, Visibility, Funding, Partners, Credibility

Sectors - Value chain - Application

Sectors
Applications
Design, Power & Produce
Package & Distribute
Use & Efficiency
Valorize & Restore
Value Chain Steps
02.

The environmental benefits

  • Can prevent at least half of food waste in retail
  • Can create actionable awareness of consumers to prevent food waste at home
03.

The Financial benefits

  • Turns food waste - a financial cost - into a profit
  • Offer lower prices for fresh food to consumers
  • Enable a smarter supply chain, powering fair pricing to producers
04.

Activity Region

  • /

North america

United States,

  • Headquarters
  • Activity
05.

Company Profile

Wasteless - retail's profitable solution to prevent food waste

Wasteless reduces Food Retail’s food waste, increasing a grocer’s bottom line optimizing markdowns based on expiry dates

View company profile Solution website
Headquarters Kaufmann St, Tel Aviv-Yafo, Israel
06.

Networking Partner

European Union

The EU, through its funding programmes, supports the development of innovations and technologies that help combat climate change, protect the environment and ensure a sustainable development and growth.

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Solutions Associated 152

Plug and Play China

Plug and Play, the world’s earliest and largest technology venture accelerator, focuses on developing a globalized innovative ecosystem. PNP China has invested and incubated over 300 Chinese startups.

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Solutions Associated 7

Get in the Ring

Get in the Ring is an innovation marketplace connecting innovators to global opportunities.

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Solutions Associated 12
Connect with the innovator Save to Project

The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.