UAE-based Cartlow raises $18 million in Series A round

Oluwajuwonlo Afolabi -

Cartlow, a UAE-based reverse logistics provider has raised $18 million in its Series A funding round led by Al Sulaiman Group based in Saudi Arabia.

  • The fund will enable the firm to expand its operations and services in Saudi Arabia and the UAE, optimize its technology, and contribute to the decarbonization of the economy.
  • Cartlow offers return management, recycling, and re-commerce using advanced technology, with over 25 million units handled and 10 million tons of e-waste saved since it launched.
  • It also provides warranty management, buy-back, trade-ins, and product prices for consumers and businesses on its platform.