ecoATM makes automated self-serve kiosk systems for recycling mobile devices. This acquisition will put Outerwall in the hot recycled electronics market, as well as cut down on the millions of tons of e-waste generated per year.
People are recycling electronics at a much higher rate than they were just three years ago, a new survey finds.
Every year, we toss out 152 million mobile phones, 52 million computers, and 36 million monitors. That’s a massive ecological problem — but it’s also a massive revenue opportunity.
1.7 billion people got a new handset last year. What happens to the old ones? Seven million of them were reused and renewed by eRecyclingCorps. “If subsidies are the drugs of the mobile industry, then incentivized device recycling is the methadone,” says Dave Edmondson, CEO of eRecyclingCorps.
Want some lead, mercury, or chlorine with your new iPhone 5 or Galaxy S3? You’re in luck: both phones contain those and many other toxic substances.
Editor's Pick Brush off those dusty old electronics and broken phones sitting in a drawer. EcoATM has raised $17 million for its electronics recycling “ATM” kiosks, which give you money for handing over old phones, MP3 players, and even laptops.
eRecyclingCorps, a company that rewards customers for recycling cell phones and e-waste, announced Tuesday that it received $35 million from Kleiner Perkins’ Green Growth Fund. The round was led by Kleiner Perkins Caufield & Byers.
Coinstar is all about kiosks, and not only the ones that count your coins and give you cash. It also owns and operates the redbox DVD rental kiosks popping up in super markets. Now it’s extending its reach even further with an undisclosed investment in EcoATM, maker of kiosks that pays you for recycling your old electronics.
E-waste is becoming a mounting problem all over the world. Landfills are piling up with old computers, cell phones, and other electronics — many of which contain toxic materials that can contaminate groundwater, or never biodegrade. Now two of the most formidable producers of materials that eventually become e-waste — Dell and Microsoft — are banning together to stem the tide.