Reboxed - changing how the world thinks about used tech
by Startacus Admin
Reboxed is a Brixton-based sustainable commerce startup that's created a smarter, safer, more sustainable way to buy and sell your tech
In 2020, Apple was fined €25m by France's competition and fraud watchdog for deliberately degrading the performance of older iPhone models, arguably in an attempt to force users to upgrade; a practice it still applies to older models.
Every year, this combines with our desire to have the latest phone to create 50 million tonnes of e-waste, much of which sits in landfills. A single iPhone X will be responsible for 79kg of carbon dioxide in its lifetime, which is about the same as burning 9 gallons of petrol. Most of these millions of phones thrown away every year have nothing wrong with them; they simply aren’t the newest model.
Brixton-based sustainable commerce startup Reboxed is trying to combat this waste with its platform that buys, refurbishes, and sells phones.
They use a 70-point diagnostic check on phones to determine their condition to give sellers the best price and pass on savings of up to 40% to the buyer for quality devices. Currently, they only buy and sell iPhones and Samsung phones, with the occasional related product such as Airpods, and only in London.
As well as monetary savings, Reboxed is adding environmental savings into the mix by planting 10 trees for every phone rehomed in order to offset its lifetime carbon emissions and make it carbon positive. With the goal of 100 million phones rehomed by 2030, that’s a lot of trees.
In December, Reboxed announced that it had raised £500,000 in pre-seed funding in 2020, most recently, £350,000 from angel investors.
This funding round also resulted in a new board member in Charlo Carabott, co-founder of Mazuma, a mobile phone recycling company, so their knowledge base and expertise have also greatly benefitted.
We have written many times before that the amount of waste we are producing is in danger of overwhelming our capacity to deal with the consequences, and it is good to see another startup entering the push to combat this grave issue.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
The impact of standards, ethics and conduct on business success and profits - Work.Life has some interesting insights...
.png)
The lowdown on Space32 - the startup that wants to help hybrid-working businesses find the working space and solution that's right for them.
.png)
Global Tech for Good initiative seeks innovative startups and scaleups that are creating positive social impact and enhancing people's lives through tech.
The lowdown on Bidnamic, the startup that's combining advance machine learning with human expertise to help retailers to maximise revenue and profitability from Google Shopping.
Innovative Czech fintech startup 4Trans raises investment to expand first of its type AI driven factoring services across Europe.
Edinburgh-based life science company Cytomos secures funding to support further development of its innovative cell analysis tech.
Ethical Equity and Streets Consulting join forces to deliver Founder Workshop to help close the inequality gap in startup to scaleup funding.
Fancy being featured in this year’s SmallBiz100, which showcases the best of Britain’s vibrant small business community? There's just a couple of days left to do just that!
Screenloop secures major investment to support further development of its AI-driven recruitment platform that helps companies build the best teams and removes unconscious bias.
New research from School of Marketing reveals the impact that Covid-19 has had on key business sectors in the UK.
Published on: 10th January 2021
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- How the pandemic affected each industry 27th Jun 2022 New research from School of Marketing reveals the impact that Covid-19 has had on key business sectors in the UK.
- The Finalists of DBACE 2022 are revealed 21st Jun 2022 The lowdown on the innovative young visionaries that are in the running for this year's Deutsche Bank Awards for Creative Entrepreneurs.
- OKAPI: Orbits raises €5.5m for Breakthrough Space Traffic Management Software 13th Jun 2022 Innovative German SaaS startup OKAPI:Orbits secures investment to support its mission of securing efficient and safe operations in space.
- Kita, the world's first carbon insurer, raises £350k in pre-seed round 9th Jun 2022 Innovative startup, Kita secures investment to support build and launch of its essential carbon insurance products.
