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Sign upThe Solutions Explorer lets you create alerts that match your needs. You can create several alerts and you will receive a notification each time a new Solar Impulse Efficient Solutions is labeled and matches your filters.
Your Search Alerts will show up here.
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Reflaunt
A sustainable model of consumption allowing customers to resell, donate or recycle their past purchases
01.
Identification
With the emergence and acceleration of fast fashion, we have been buying more than ever before, yet treating clothes as disposable items. The average consumer today buys 60% more than 15 years ago but wears them for half as long. It is estimated that 33% of women wear items in their closets for as little as 5 times before disposing of them. The current system is broken. The fashion industry is the second most polluting in the world, yet we still overproduce. Despite the amount of resources utilized for clothing production, more than 70% of garments end up in landfills or incinerators. We have finite resources that we are feeding to an industry that goes from manufacturing to waste. We need a more sustainable model of consumption to avoid a global disaster. Reflaunt provides resell as a service to brands and retailers. Its disruptive circular model allows customers of retailers to resell, donate or recycle their past purchases in a click directly from retailers e-commerce site.
Sector
Application
Target client profile
Tags
Label Date
April 26, 2021
By
Reflaunt
From
Singapore
Maturity stage
Initial market commercialization
Looking For
New clients, Visibility, Funding
02.
The environmental benefits
- •Second hand purchase saves on average 1kg of waste, 3040 litters of water and 22kg of CO2
- •Extending a garment’s life cycle by 2 years can reduce its water, carbon and waste footprint by 73%
03.
The Financial benefits
- •24x ROI
- •Store credit scheme with 70% top-up by customers on repurchase
- • Net payout between 65-97% of resale value per item
04.
Activity Region
- Headquarters
- Activity
05.
Company Profile
Reflaunt
Reflaunt disruptive circular model, allows customers of retailers to resell, donate or recycle their past purchases.
View company profile Solution website
Headquarters
81C Pasir Panjang Hill, Singapore 118889
06.
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.