Chinese electronics recycling startup Aihuishou which offers smartphone and consumer electronics recycling by collecting unused and abandoned devices from consumers and later selling them on its marketplace has now raised $150 million in Series E funding from major tech investor Tiger Global and Chinese e-commerce giant JD in a round its states values the company at over $1.5 Billion which represents a latest entrant into the Unicorn club as the 7 year old Chinese startup takes on this funding to improve its recycling and as well its messaging service.

This brings the total investment raised by Aihuishou to just about $280 million with the recycling startup having raised over $120 million in previous rounds from Morningside, Cathay Capital and also JD which stands as one of the company’s official partner and also a returning investor.

With electronics waste going up by a huge percentage over the years, Several studies have shown the sector to be a huge business opportunity as recycled electronics are a major source of metals for manufacturing and other processes, Aihuishou stands as one of the global startups looking to tackle this problem business wise, Reducing pollution whilst making good revenues from its operations.

Aihuishou currently maintains operations across Several regions including India, Brazil, Hong Kong, Dubai amongst other global locations and will likely be expanding into more regions with this huge influx of capital backing its operations.

With 260 physical stores and about 2,000 recycling spots around the globe, Aihuishou stands as a major player in the rapidly growing recycling technology space which counts other major players consisting of $1 Billion Atlanta based recylcing unicorn Rubicon Global, Overstock processing startup Optoro, ZenRobotics and a long list of other companies.

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