{"id":809102,"date":"2025-02-05T08:17:40","date_gmt":"2025-02-05T13:17:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/greenwaves-scrap-app-adopted-by-a-leading-u-s-junk-car-buyer-powering-expansion-to-27-new-markets\/"},"modified":"2025-02-05T08:17:40","modified_gmt":"2025-02-05T13:17:40","slug":"greenwaves-scrap-app-adopted-by-a-leading-u-s-junk-car-buyer-powering-expansion-to-27-new-markets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greenwaves-scrap-app-adopted-by-a-leading-u-s-junk-car-buyer-powering-expansion-to-27-new-markets\/","title":{"rendered":"Greenwave’s Scrap App Adopted by a Leading U.S. Junk Car Buyer, Powering Expansion to 27 New Markets"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Scrap App Aims to be the #1 Junk Car Platform in the $32 Billion<\/span> Auto Recycling Industry<\/b>\n <\/p>\n

\n Company Accelerating Nationwide Expansion, Building on Objective Success in Key Cities<\/b>\n <\/p>\n

\n Platform Set New Weekly Record Both in Number of Cars and Revenue from January 26 to February 1, 2025<\/span><\/b>\n <\/p>\n

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\n CHESAPEAKE, Va.<\/span>
\n <\/span>, Feb. 5, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Greenwave Technology Solutions, Inc. (Nasdaq: GWAV) (“Greenwave” or the “Company”), a leading innovator in the metal recycling sector, today announced the adoption of its AI-powered car buying platform, Scrap App, by one of the largest buyers of junk cars in the United States<\/span>. This will power Scrap App’s rapid, cost-effective expansion into 27 new markets as it continues to capture market shares.<\/p>\n

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$GWAV’s ScrapApp.com Aims to be the #1 Junk Car Platform in the $32 Billion<\/span> Auto Recycling Industry<\/div>\n

Scrap App immediately expanded into three key markets: Charlotte, NC<\/span>, Winston-Salem, NC<\/span>, and Columbia, SC<\/span>, in addition to its five existing markets. The Company plans to expand Scrap App into multiple new markets every week, leveraging AI to automate operations and outperform competitors.<\/p>\n

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\n Aims to be #1 Junk Car Platform in $32 Billion<\/span> Market<\/u>
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Scrap App is now being utilized by one of the largest buyers of junk cars in the industry by dollar volume, building on its objective success in initial launch markets. The Company is disrupting the fragmented $32 billion<\/span> U.S. auto recycling industry (1), <\/sub>where a leading competitor reported $130.7 million<\/span> in FY 2024 revenue (2). <\/sub>With its technology-first approach and AI-driven efficiencies, Greenwave is positioned to capture substantial market share and drive revenue acceleration.<\/p>\n

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\n AI-Powered Automation: Driving Efficiency and Margin Expansion<\/u>
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On January 27, 2025<\/span>, Scrap App deployed its proprietary AI Operator, streamlining:<\/p>\n