According to filings with the U.S. Securities and Exchange Commission, Greenwave Technology Solutions is raising $15,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Danny Meeks played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Greenwave Technology Solutions
Were at an Inflection Point in Greenwave’s Growth. We operate 13 metal recycling facilities in Virginia North Carolina, and Cleveland, OH and generated $18.46 million in revenue during the six months ended June 30, 2023. Further, we generated $1.23 million in cashflows from operating activities during the six months ended June 30, 2023. We plan to aggressively expand our footprint of locations by rolling up independent, profitable scrap yards in the coming months. We have recently implemented several technologies to increase metal processing volumes and operating efficiencies, including a cloud-based ERP system to manage inventories and operations along with a website with live metal prices for each location. We believe that these systems will create a solid foundation on which we can rapidly expand our facilities and scale our operations.

To learn more about Greenwave Technology Solutions, visit http://www.gwav.com/

Contact:
Danny Meeks, Chief Executive Officer
757-966-1432

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