Greenwave Technology Solutions expects its second automotive shredder to materially increase its Carrollton facility’s revenue in Q4 2023. The Company’s second automotive shredder will double Greenwave’s ferrous metal processing capacity and facilitate its planned expansion to more than 20 metal recycling facilities in the coming months. The installation of Greenwave’s second automotive shredder marks the end of its multi-year capital expenditure cycle, during which the Company has allocated over $15M to upgrade its infrastructure and equipment in the past 18 months. This initiative is set to double its ferrous metal processing capacity compared to fiscal 2022 levels and positions the Company to strategically expand to more than 20 metal recycling facilities.
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