Greenwave Technology Solutions, Inc.

Greenwave Technology Solutions, Inc. operates in the scrap metal industry, having transitioned into this sector following the acquisition of Empire Services, Inc. on September 30, 2021. The company was originally formed on April 26, 2013, as MassRoots, Inc., a technology platform developer, and sold all social media assets on October 28, 2021, for $10,000, discontinuing related operations. Greenwave Technology Solutions, Inc. now collects, classifies, and processes various metal items including appliances, construction material, end-of-life vehicles, boats, and industrial machinery. The company processes these materials through crushing, shearing, shredding, separating, and sorting. These items are reduced into smaller pieces and categorized as recycled ferrous, nonferrous, and mixed metal pieces based on density and metal content before being sold. For scrap cars, catalytic converters, aluminum wheels, and batteries are removed for separate processing and sale prior to shredding. The company operates 13 metal recycling facilities located in Virginia, North Carolina, and Ohio. It utilizes an automotive shredder at its Kelford, North Carolina location and another at its Carrollton, Virginia location. These shredders, combined with advanced separation equipment, are designed to produce denser and more refined recycled ferrous metals, which are more valuable due to requiring less processing for recycled steel products. This process transforms large metal objects, such as auto bodies, into baseball-sized pieces of shredded recycled metal. Magnetized drums separate ferrous metal from mixed nonferrous metal and residue, yielding high-quality ferrous scrap metal. Nonferrous metals and other materials undergo additional mechanical systems for further separation from residue.