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Buy Back Program for Mobile Devices
Back2Buzz incentives customers to trade in their old mobile devices, to refurbish them and give them an extended life
01.
Identification
80% of the total smartphone volume sold is estimated to remain in drawers (hibernating). Back2Buzz incentives customers to trade in their old mobile devices, to refurbish them and give them an extended life. By using a widget, an app, and a solid back system, Back2Buzz can give higher residual values for a trade-in device than the competition making it more interesting for a customer to trade in older devices. By refurbishing mobile devices, the life cycle of a mobile device is extended by at least 24 months. At the end of the full life cycle (which can be up to 6 years), Back2Buzz makes sure that those devices are recovered and recycled correctly, meaning that the batterie is recycled by official instances (Bebat) and that other precious elements (gold, silver, copper) are recovered from other components.
Sector
Application
Target client profile
Tags
Label Date
June 2, 2023
By
Back2Buzz
From
Belgium
Maturity stage
Small scale commercialization
Looking For
Network, New clients, Visibility, Funding
Sectors - Value chain - Application
Sectors
Applications
Design, Power & Produce
Package & Distribute
Use & Efficiency
Valorize & Restore
Value Chain Steps
- Video
- /
- Images
02.
The environmental benefits
- •80% of the total smartphone volume sold is estimated to remain in drawers (hibernating) as the incentive or residual value is not big enough for customer to turn in their old device
- •The life span of a smartphone is estimated at 23 months where the full potential could be 6 years by refurbishing
- •Each newly produced smartphone needs 30 kilos of raw material for a phone in average of 130 grams and 80% of the total CO2 production in the lifecycle of a smartphone comes from its production
- •At the end of the lifecycle of the phone, precious materials (cobalt, copper, gold, titanium, etc) can be recovered instead of ending up on a waste mountain
03.
The Financial benefits
- •A higher residual value is economically more interesting for a customer to trade-in a old mobile device than to keep it in a drawer
- •A well kept mobile device can be given a second and even a third life, extending the life cycle of a mobile device from 23 months average up to 6 years
05.
Implementation Stories
06.
Company Profile
Back2Buzz
Back2Buzz is a Belgian company specialized in refurbishing A++ grade smartphones, ecofriendly&biodegradable accessories
View company profile Solution website
Headquarters
1310, Belgium
07.
Related Topics
08.
Complementary solutions
Contact the Solution Provider
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.