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 likely one of the quickest rising marketplaces of its sort in Europe. In 2021, the corporate raised 45 million euros to increase into new markets. It presently 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 lately”, stated co-founder Peter Windischhofer. “This can be a robust sign from the market that sustainability and the round economic system are on the rise. Persons 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 accordance 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, known as ‘Scale-up Of The Yr’. “We’re proud that the optimistic developments round Refurbed are being seen. It helps us obtain our mission of creating consumption extra sustainable and offering a greater various to new and used merchandise. In the end, the round economic system and refurbishment ought to develop into the norm. We’re pleased with how issues are going, however understand there’s nonetheless an extended technique to go.”