Solution Pitch

The Problem

Organizations and offices across every sector generate millions of tons of institutional waste annually by discarding their physical assets—and then spend capital on double-purchasing equipment, storing extra inventory, or even paying to purge assets. Worse, still-valuable assets are often improperly disposed of in landfills, where they contribute to increased emissions. 

The Solution

Rheaply’s Asset Exchange Manager maximizes the reuse, remanufacturing, and exchange of resources within and across organizations. The software platform tracks inventory and depreciation, allowing users to better visualize, quantify, and utilize surplus assets, or to dispose of them properly. The transparent asset management system also offers facilitated peer-to-peer asset exchange, a gamified online marketplace, and sustainability metrics—enabling less waste and more cost-effective reuse.

For smaller and nonprofit partners, such as K–12 public schools, Rheaply’s software can help save operational budgets and provide in-kind support services through equipment and knowledge sharing with larger organizations, which creates and expands key community relationships.

Solver Team

Organization Type:
For Profit

Headquarters:
Chicago, IL, USA

Stage:
Growth

Working in:
USA

Employees:
6

Solution Team:

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