On October 11, 2021, Shanghai Yeloworld Technology Co., Ltd. (hereinafter referred to as “Yeloworld”) announced the completion of its Series B financing, raising over RMB100 million. This round was co-invested by Wanhua Chemical and GL Ventures, following previous Series A financing from Sinopec and Shangnan Group. The new funds will primarily be allocated to system algorithm research and development, investment in packaging material technologies, and the development of a reverse logistics system. 

Application of Yelopack in Automated Factories 

Founded in 2018, Yeloworld positions itself as a supply chain infrastructure service provider focused on intelligent packaging and logistics. Yeloworld offers products including Yelopack, Yelotour, Yelolife, and Yeloant. All packaging solutions are reused according to national standards, promoting the recycling of plastic products, protecting the environment, and conserving resources. At present, in the development of intelligent pooling pallets, Yeloworld’s reach extends across 13,000 clients, with over 1.6 million packages in circulation, serving industries such as chemicals, coatings, electronics, new energy, new materials, tires, and auto parts. 

In the context of the “first year of carbon neutrality” in 2021, Yeloworld provides comprehensive solutions for clients, focusing on smart technologies, recycled raw materials, and carbon reduction to support their carbon neutrality objectives. 

Internet of Things Technology Empowers Green and Intelligent Recycling Systems

Yeloworld’s technology platform centers on the Internet of Things (IoT), information security, and carbon neutrality. It integrates mobile Internet, IoT, big data, cloud computing, and high-precision positioning technologies into intelligent packaging. This enables autonomous tracking and data uploads to the supply chain management platform, establishing a new standard in green, intelligent logistics centered around “pooling packaging”. 

Yeloworld has independently developed IoT components tailored to customer usage patterns and pallet operation scenarios. Utilizing a low-energy pallet positioning system, combined with RFID chips designed by Yeloworld, the system helps clients track the movement of goods efficiently. Yeloworld’s system further leverages data from IoT components, integrates pallet operation status, and utilizes the self-developed YeloAI intelligent scheduling system. It adjusts transportation resources based on factors like pallet demand, inventory, recycling rates, and transport routes, thereby improving pallet operation efficiency, reducing logistics costs, and maximizing load capacity. 

Leveraging YeloAI’s analysis of pallet distribution, Yeloworld has established numerous pallet recycling centers both domestically and internationally, offering convenient conditions for easy returns and hassle-free pooling. When goods are shipped on pallets to end customers, they can initiate a return request after use. Yeloworld arranges for pickup and transports the pallets to the nearest recycling center, ensuring a seamless cycle. 

Recycled Yelopack Enables Positioning, Tracking, and Integrated Standardization of Transport and Packaging 

Consistent Protection of Customer Data Security 

Yeloworld adopts a SaaS platform leveraging cloud computing and other modern technologies to provide customers with convenient, reliable, and highly available system services. By continuously enhancing its information management processes and upgrading IT systems, Yeloworld ensures robust security for both information systems and data. 

Yeloworld Cloud, as a foundational platform covering all business operations, has received the “Level III Certification of National Information System Security Level Protection” (also known as “Level III Classified Protection”) issued by the Ministry of Public Security. This certification is backed by measures like system identity authentication, access control, sensitive data encryption, and disaster recovery backups, all of which safeguard customer data. Additionally, Yeloworld encrypts work computers and internal documents, requiring authorization for data transfer to ensure controlled and secure data access. 

Focusing on Sustainability to Achieve Carbon Neutrality in the Field of Pooling Packaging 

Yeloworld utilizes cutting-edge material technology, independently developing proprietary material formulas. Yelopack is made from recycled and renewable materials, and is 100% recyclable, fully compatible with most conveying and automated handling systems, including high-speed loading equipment. It’s versatile across various applications and pairs seamlessly with stereoscopic warehouses. The R&D team at Yeloworld consistently explores sustainable synthetic and composite materials, and the latest Yelopack includes plastic reinforcers derived from upcycled textile fibers for added durability. With the addition of POE and POP materials from partners, the strength and longevity of Yelopack have been significantly enhanced. Beyond refining its core products, Yeloworld collaborates closely with major players in the chemical industry, both upstream and downstream, to introduce the “Yelolife” brand. Yeloworld is building a Super Recycling Factory to collect, clean, regenerate, and upcycle disposable plastic packaging into zero-carbon Yelopack recycled materials, providing effective solutions to help customers reduce carbon emissions from packaging. 

Meanwhile, guided by a commitment to environmental protection, Yeloworld is gradually introducing clean energy vans for pallet recovery, creating a green and intelligent recycling system. In short- to medium-distance logistics, focusing on urban and suburban transportation, Yeloworld advances its goal of zero emissions and zero pollution by using clean energy vehicles. 

Application of Yelopack in Stereoscopic Warehouses 

Future Planning 

Based on the concept of “connecting global commerce”, Yeloworld will actively extend along the chemical industry chain, continuously enhancing its core competencies while expanding into the new energy sector. Leveraging its technical expertise, Yeloworld aims to deepen its presence in the chemical industry, explore diversified markets, and drive the positive development of the intelligent pooling packaging sector. 

Currently, Yeloworld has signed agreements with several global enterprises to provide customized intelligent pooling packaging solutions, jointly expanding into the global market. Yeloworld’s intelligent packaging recycling outlets now cover Southeast Asia, Japan, South Korea, and Europe, with multiple global service centers established for packaging management, logistics, and warehousing. Looking ahead, Yeloworld will continue to expand its presence in key regions across Europe and the Americas, furthering its international footprint and realizing global recycling services. 

Yeloworld has built a global green pooling packaging system through its pallet sharing model, aligning with a sustainable development strategy that integrates sustainability with business operations and socio-economic goals. This approach delivers a win-win outcome for both economic growth and environmental protection. Shi Xiang, CEO of Yeloworld, stated: “Carbon neutrality represents a trillion-dollar opportunity. As a key pathway to achieving carbon neutrality, Yeloworld is committed to supporting global businesses in their carbon neutrality journey, helping them achieve cost reduction and efficiency gains through an intelligent green pooling packaging system.”