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AMP closes $70 million in project debt financing led by Galvanize to support construction of a new sorting facility and organics processing system.
Amount Raised
$70 Million
Round Type
Debt Financing
Investors
Description
AMP, a leader in AI-powered sorting solutions, has closed $70 million in project debt financing led by Galvanize. This financing will support the construction of a new sortation facility and an organics processing system in Portsmouth, Virginia. These are key components of AMP’s long-term partnership with the Southeastern Public Service Authority. The regional system is designed to process over half a million tons.
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