Greenwave Technology receives license from Ohio Bureau of Motor Services

Greenwave Technology Solutions announced that its wholly-owned subsidiary, Empire Metals, is now licensed to purchase end-of-life vehicle in the State of Ohio. Scrapping end-of-life vehicles is a core revenue and profit generator for Greenwave, contributing more than $5 million to the Company’s top line in FY 2023. Greenwave’s scrap car buying platform, ScrapApp.com, continues to rapidly scale in the Hampton Roads, VA and Cleveland, OH markets. The Company expects to expand Scrap App to additional strategic markets in February 2024 and believes Scrap App has the potential to scale significantly, with a competitor reportedly generating $159 million in annual revenue.