Austrian market for refurbished electronics, Refurbed, has reached a monetary milestone of 1 billion euros in turnover. The corporate is now energetic in eight markets.
Refurbed was based in Austria in 2017. It’s an on-line market for refurbished electronics, and it claims that it is among the quickest rising marketplaces of its form in Europe. In 2021, the corporate raised 45 million euros to develop into new markets. It at present sells over greater than 18,000 merchandise in eight markets: the Netherlands, France, Eire, Austria, Germany, Sweden, Italy and Denmark.
Turnover of 100 million euros in 2020
Solely three years in the past, the corporate reached a turnover of 100 million euros. “It has progressed in a short time in recent times”, mentioned co-founder Peter Windischhofer. “This can be a robust sign from the market that sustainability and the round financial system are on the rise. Individuals are extra conscious that there are methods to cut back digital waste and emit much less CO2.”
‘Refurbishment of digital gadgets can save as much as 83% of CO2.’
Skilled refurbishment of digital gadgets can lower the emission of CO2. In line with analysis commissioned by Refurbed, refurbishment of those gadgets can save as much as 83 procent of CO2.
Austrian award
Final week, the corporate was additionally awarded the Austrian EY Scale-up Award, referred to as ‘Scale-up Of The Yr’. “We’re proud that the constructive developments round Refurbed are being seen. It helps us obtain our mission of creating consumption extra sustainable and offering a greater different to new and used merchandise. Finally, the round financial system and refurbishment ought to turn into the norm. We’re pleased with how issues are going, however notice there may be nonetheless a protracted option to go.”