Refurbed developed a marketplace designed for selling refurbished electronics (smartphones, tablet, PCs, etc) to B2C customers interested in second hand products at discounted prices.
With 53 million tons of e-waste produced in 2019 only, the too-short life-time of electronics (smartphones in particular) has a terrible environmental impact on the planet: in 2022 smartphones has been causing 146 million tons of co2 emissions, out of which 83% is due to new devices production. Despite each EU citizen produces 16kg of e-waste per year, only 15% is currently being recycled.
Refurbed matches companies that refurbish goods and B2C customers to make refurbished products more accessible to people. A refurbished iphone can save up to 78% of CO2 emission compared to a new one and rates are comparable for the other types of devices. Buying a second-life electronic device is an important action to fight climate change.
Year Founded: 2016
Date of Investment: December 2022
Investment Manager: Raffaele Fedele
Reduced tons of e-waste
Reduced tons of raw material extraction
Reduced co2 due to:
- Production of new devices
- Extraction of raw materials
- End-of-life of unrecycled product