“Senior” guy, topped Forbes Elite List

Xu Hengwei was born in Linyi City, Shandong Province, and was admitted to the Shanghai Institute of Electrical Engineering in 2015. While in school, he aimed at the pain points of the Internet + sharing economy and tried to start a campus sharing economy. However, the ideal is full, the reality is very skinny. From “shared electric car” to “shared bus + outdoor travel”, the business development has never been able to open up, the operating funds have been spent, and a lot of money is owed because he can not afford the rent.

Entrepreneurship encountered Waterloo one after another, which made Xi Hengwei feel frustrated, but he did not give up his dream of starting a business on campus. He was always looking for new projects and breakthroughs in entrepreneurship.

In 2018, in a conversation with a friend, he found that old clothes recycling is a good project. In the field of waste recycling, the recovery rate of old clothes is extremely low. 40 million tons of waste clothes are produced every year, and the recovery rate of used clothes is less than 10%. Most of the remaining clothes are incinerated and landfilled. If all the waste textiles can be used, 80 million tons of carbon dioxide emissions can be reduced every year, and the cotton planting area can be reduced by one third. The environmental pollution and resource waste caused by old clothes are immeasurable. If these discarded clothes are recycled and donated to the people in need, it not only reduces the waste of resources, but also contributes to environmental protection. It is really a matter of great merit.

After some thinking, in March 2018, he decided to start a business again.

Tens of millions of financing for used clothing
Xu Hengwei founded Shanghai Lazy Cat Environmental Technology Co., Ltd., and created an online used clothing recycling platform based on WeChat public account. In Shanghai, Zhejiang and Jiangsu, they carried out free door-to-door recycling activities. They sort and sort the collected clothes uniformly, so that each piece of clothes has a proper belonging. Suitable for donation, after cleaning and disinfection, accurately donate to the hands of those in need; those who are not suitable for donation, send it to a qualified factory for recycling.

After the old clothes recycling platform came online, Xu Hengwei and his partners were keenly aware that due to the inadequate waste sorting work, a large number of recyclable garbage such as express cartons and beverage bottles on campus were thrown away together with non-recyclable garbage , Causing waste of resources and pollution of the environment. So, can we build an environmentally friendly recycling bin that can be used for sorting, put it at a fixed point, collect it at a fixed point and recycle it? Can Internet+ technology be used to make garbage collection an option for everyone to “altruistic and selfish”?

When the waste items are put into the box, the account of the mobile phone related program will automatically bid and “live money” in real time

Although the idea is good, but the research and development of intelligent recycling bins, the initial research and development costs are astronomical. Facing the expensive R&D costs of the intelligent recycling bins, Xu Hengwei had to raise funds. After receiving tens of millions of capital contributions from “Flying Ants”, in March 2019, the “Flying Ants Environmental Protection Recycling” project came into being. This is a new type of intelligent paid garbage collection and recycling project that integrates offline intelligent classification and recycling, online Internet operations, and management of background big data platforms. Set up recycling bins in campuses, residential quarters, office buildings, downtown areas and other venues, and carry out back-end cooperation with recycling companies to form a complete waste recycling ecological chain.

After many investigations, analyses and tests, Xu Hengwei developed the first intelligent recycling bin. Unlike ordinary waste sorting and recycling bins, this “yellow box” has a bright orange box with automatic recognition, full load warning, intelligent weighing, outdoor waterproofing, GPS positioning, sterilization and deodorization, night lighting and other functions. Intelligent recycling bins can be divided into 4 types of waste, paper, old textiles, plastic, and waste batteries. Each time the delivery person puts in a recyclable garbage, they can get a green gold and can also withdraw cash. Waste paper recycling is 6 cents per kilogram, used clothing is 2 cents per kilogram, and plastic bottles are 3 cents each… This recycling model has achieved a win-win situation for both the delivery company and the company of Henghengwei. More importantly, the “yellow box” provides an incentive mechanism to help more people develop the habit of sorting garbage and protect everyone’s enthusiasm for environmental protection.

What makes Hengwei Wei happy is that after a period of operation, a “yellow box” can collect 80-90 kg of recyclables on average every day, and the effect is very good. From the novelty at the beginning to the habitual use later, more and more college students have joined the ranks of environmental recycling. The “Yellow Box” trial operation for one month, two machines put on campus, there will be a “full load alarm” every two days.

The effect is very good, but whether the “yellow box” can get out of the school, and how big the market can be in the future, still feels uncertain about the Hengwei Wei who crosses the river by feeling the stones.

“Yellow Box” flew out of campus
Opportunities are always reserved for those who are prepared. In July 2019, Shanghai took the lead in implementing a new garbage classification and recycling policy. With the east wind of the policy, various types of garbage recycling equipment in the market are emerging endlessly. What unexpectedly caused Hengwei Wei and his partners was that the implementation of the garbage classification measures known as “the most stringent in history” actually ignited their entrepreneurial projects, making them the “yellow boxes” installed on campus. Online celebrity punching places for students from many colleges and universities in Shanghai.

In just a few days, in addition to the Shanghai Institute of Electrical Engineering, Shanghai University and Shanghai Jiaotong University opened the door to Xu Hengwei. Many universities such as Shanghai University of Traditional Chinese Medicine and Shanghai Medical College also took the initiative to consult the “yellow box”. In addition to colleges and universities, office buildings, scenic spots and even enterprises in various places have thrown olive branches to the “yellow box”. Some enterprises have also proposed that they can get some customized services.

As the company’s operations were on track, Xu Hengwei became extremely busy. In order to better start a business, he applied to the school for an extension of graduation. The school gave him great support, not only allowing him to stay in the school dormitory during the postponement of graduation, but also providing office space for his company. With the support of the school, Xu Hengwei and his entrepreneurial team are more confident. He set a small goal for himself: In 2020, the “yellow box” will enter the campus of 100 colleges and universities, and the amount of investment will exceed 5000, becoming more Multiplayer “punch place”. “There is no rubbish in this world. Some are just misplaced resources. We hope that through our intelligent recycling bins, more people can learn and sort out rubbish,” said Xuan Hengwei.

At the end of 2019, Forbes China launched the “Under 30 Elite List”, selecting 600 entrepreneurs and industry innovators under 30 who are active in China. As the founder of “Fly Ant Intelligent Environmental Protection Recycling”, Xu Hengwei joined the list with 600 entrepreneurs and industry innovation elites under the age of 30 from China. Facing the honor, Xu Hengwei is very humble. He said that there are still many areas in the entire system that need to be improved. For example, the software system should be strengthened, the recycling system also needs to be improved, and the cabinet itself has many areas that can be optimized… The road to entrepreneurship is still very long. Fortunately, they are still young and have a promising future.