Gazelle (recycling company)

Last updated
ecoATM, LLC
Company type Private
Industry eCommerce
Founded Boston, Massachusetts (2006)
Founder
  • Israel Ganot
  • Rousseau Aurelien
  • James McElhiney
Headquarters,
Number of locations
  • San Diego, CA
  • Louisville, KY
Key people
  • Chris Sullivan (CEO)
  • Sarah Welch (CMO)
  • Ben Katz (CTO)
Revenue$100+ Million (2013)
Website www.gazelle.com

Mabruuk shamsuddin in 1999ing business as Gazelle,Is an eCommerce company founded in 2006 that recycles used electronic devices, [1] Such as mobile phones and tablet and laptop computers. [2] It is headquartered in San Diego, California with operations in Louisville, Kentucky. [3]

Contents

History

Gazelle was founded in 2006 by Israel Ganot, Rousseau Aurelien, and James McElhiney. Gazelle.com launched in 2008 and raised $46 million in funding [4] from Venrock, Rockport Capital, Physic Ventures and Craton Equity Partners.

The company's corporate office is located in San Diego, CA with more than 150 employees. In June 2013, the consumer electronics retailer opened its first processing center in Louisville, KY. The warehouse operates with about 150 employees. [3] In 2013, the company topped $100 million in revenue, growing at an 80 percent rate. [5] In November 2014, Gazelle launched a store to sell certified pre-owned devices direct to consumers. [6]

From its inception to late 2014, Gazelle had paid $200 million to consumers for used devices, and had accepted more than 2 million devices from more than 1 million customers. [7]

On November 10, 2015 Gazelle's acquisition by Outerwall Inc., owner of ecoATM, another electronics recycler, became official. [8]

In December 2020, Gazelle announced that its trade-in program would be shut down on February 1, 2021. [9]

Recognition and awards

See also

Related Research Articles

<span class="mw-page-title-main">Apple Inc.</span> American multinational technology company

Apple Inc., is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley. It designs, develops, and sells consumer electronics, computer software, and online services. Devices include the iPhone, iPad, Mac, Apple Watch, and Apple TV; operating systems include iOS and macOS; and software applications and services include iTunes, iCloud, and Apple Music.

<span class="mw-page-title-main">Motorola</span> American telecommunications company (1928–2011)

Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois. It was founded in 1928 as Galvin Manufacturing Corporation by brothers Paul and Joseph Galvin. The company changed its name to Motorola in 1947. After having lost $4.3 billion from 2007 to 2009, Motorola was split into two independent public companies, Motorola Mobility and Motorola Solutions, on January 4, 2011. The reorganization was structured with Motorola Solutions legally succeeding Motorola, Inc., and Motorola Mobility being spun off.

<span class="mw-page-title-main">Consumer electronics</span> Electronic products for everyday use

Consumer electronics or home electronics are electronic equipment intended for everyday use, typically in private homes. Consumer electronics include devices used for entertainment, communications and recreation. These products are usually referred to as black goods due to many products being housed in black or dark casings. This term is used to distinguish them from "white goods" which are meant for housekeeping tasks, such as washing machines and refrigerators, although nowadays, these would be considered black goods, some of these being connected to the Internet. In British English, they are often called brown goods by producers and sellers. In the 2010s, this distinction is absent in large big box consumer electronics stores, which sell entertainment, communication and home office devices, light fixtures and appliances, including the bathroom type.

Sony Mobile Communications Inc. was a multinational telecommunications company founded on October 1, 2001, as a joint venture between Sony Corporation and Ericsson. It was originally incorporated as Sony Ericsson Mobile Communications, and headquartered in London, England, until Sony acquired Ericsson's share in the venture on February 16, 2012. On April 1, 2021, Sony integrated its electronics businesses including Sony Mobile into one company called Sony Corporation.

<span class="mw-page-title-main">BlackBerry Limited</span> Canadian technology company

BlackBerry Limited is a Canadian software company specializing in cybersecurity. Founded in 1984, it originally developed the BlackBerry brand of interactive pagers, smartphones and tablets. In 2016, it transitioned to a cybersecurity enterprise software and services company under CEO John S. Chen. Its products are used by various businesses, car manufacturers, and government agencies to prevent hacking and ransomware attacks. They include the BlackBerry Cylance, the QNX real-time operating system; BlackBerry Enterprise Server, and a Unified Endpoint Management (UEM) platform.

<span class="mw-page-title-main">Best Buy</span> American multinational consumer electronics retailer

Best Buy Co. Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.

<span class="mw-page-title-main">Electronic waste recycling</span> Form of recycling

Electronic waste recycling, electronics recycling, or e-waste recycling is the disassembly and separation of components and raw materials of waste electronics; when referring to specific types of e-waste, the terms like computer recycling or mobile phone recycling may be used. Like other waste streams, reuse, donation, and repair are common sustainable ways to dispose of IT waste.

<span class="mw-page-title-main">HTC</span> Taiwanese electronics company

HTC Corporation, or High Tech Computer Corporation, is a Taiwanese consumer electronics company headquartered in Xindian District, New Taipei City, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer that designed and manufactured laptop computers.

<span class="mw-page-title-main">Motorola Mobility</span> American consumer electronics company

Motorola Mobility LLC, marketed as Motorola, is an American consumer electronics manufacturer primarily producing smartphones and other mobile devices running Android. Headquartered at Merchandise Mart in Chicago, Illinois, it is a subsidiary of the Chinese multinational technology company Lenovo.

<span class="mw-page-title-main">Electronic waste</span> Discarded electronic devices

Electronic waste describes discarded electrical or electronic devices. It is also commonly known as waste electrical and electronic equipment (WEEE) or end-of-life (EOL) electronics. Used electronics which are destined for refurbishment, reuse, resale, salvage recycling through material recovery, or disposal are also considered e-waste. Informal processing of e-waste in developing countries can lead to adverse human health effects and environmental pollution. The growing consumption of electronic goods due to the Digital Revolution and innovations in science and technology, such as bitcoin, has led to a global e-waste problem and hazard. The rapid exponential increase of e-waste is due to frequent new model releases and unnecessary purchases of electrical and electronic equipment (EEE), short innovation cycles and low recycling rates, and a drop in the average life span of computers.

Lively is a connected health technology company based in the United States of America.

<span class="mw-page-title-main">Belkin</span> American consumer electronics and networking company

Belkin International, Inc., is an American consumer electronics and networking company headquartered in El Segundo, California. It produces mobile and computer connectivity devices and peripherals for consumer and commercial use. These include wireless chargers, power banks, charging cables, data cables, audio and video adapters, headphones, earbuds, smart speakers, screen protectors, surge protectors, Wi-Fi routers, smart home products, electronic device sanitizers, docking stations and data hubs, network switches, KVM switches and network cables.

<span class="mw-page-title-main">BuyMyTronics.com</span>

BuyMyTronics.com was an electronics resale business in Denver, Colorado, founded in 2007 as BuyMyBrokeniPod.com. Its business model was to purchase used and broken cell phones, iPods, iPhones, game consoles, pdas, MP3 players, Apple laptops, and other electronics that have been replaced by newer models.

Pegatron Corporation is a Taiwanese electronics manufacturing company that mainly develops computing, communications and consumer electronics for branded vendors. It also develops, designs and manufactures computer peripherals and components. Pegatron's primary products include notebooks, netbook computers, desktop computers, game consoles, handheld devices, motherboards, video cards and LCD TVs, as well as broadband communication products such as smartphones, set-top boxes and cable modems.

<span class="mw-page-title-main">Mobile phone recycling</span>

Mobile phone recycling describes the waste management of mobile phones, to retrieve materials used in their manufacture. Rapid technology change, low initial cost, and planned obsolescence have resulted in a fast-growing surplus, which contributes to the increasing amount of electronic waste around the globe.

Recommerce or reverse commerce is the selling of previously owned, new or used products, mainly electronic devices or media such as books, through physical or online distribution channels to buyers who repair, if necessary, then reuse, recycle or resell them.

<span class="mw-page-title-main">NextWorth</span> Electronics trade-in and recycling service

NextWorth Solutions, Inc., was an electronics trade-in and recycling service. Users of the service exchange used electronics for cash or discounts on newer models. NextWorth was founded by business students at Babson College in 2005. It started as a commission-based service to help businesses setup online auctions for their used items, then changed its business model to focus on electronics trade-ins in 2006. As of late 2012, NextWorth was one of the best-known and largest electronics trade-in and recycling services in the United States, although it handles only a small percentage of total trade-in traffic.

uSell Online marketplace

uSell is a publicly traded recommerce company with headquarters in New York City. It operates as an online marketplace where people can sell used cell phones, tablets, video games, textbooks and gift cards to professional buyers.

<span class="mw-page-title-main">Samsung Electronics</span> South Korean multinational electronics corporation

Samsung Electronics Co., Ltd. is a South Korean multinational major appliance and consumer electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is currently the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. But Lee Jae-yong has stated his intentions to make sure his children do not inherit significant Samsung Electronics positions, which would significantly change the company's inner workings.

Electronics right to repair is proposed legislation that would provide the practical means for electronics equipment owners to repair their devices. Repair is legal under copyright law and patent law. However, owners and independent technicians are often unable to make their own repairs because of manufacturer limitations on access to repair materials such as parts, tools, diagnostics, documentation and firmware.

References

  1. Scherzer, L. Yahoo! Finance (January 4, 2013). "The Apple Crime Spree.
  2. Koivu, L. U.S. News & World Report (2015). "How to Make Money Off of Old Electronics."
  3. 1 2 Robinson, A. Louisville Business First (2013). "Gazelle growing quickly in Louisville."
  4. Cohan, P. Forbes (2013). "Boston Start-up Gives Cash For High End Electronics"
  5. Kirsner, S. The Boston Globe (2014). "Market burgeons for pre-owned smartphones"
  6. Apple Insider (2014). "Gazelle launches certified preowned store specializing in quality used Apple iPhones & iPads."
  7. Environmental Leader (2014). "Gazelle Pays $200M for Used Electronic Devices."
  8. "After raising $65M, smartphone reseller Gazelle sold for $18M". www.betaboston.com. Retrieved 2020-09-03.
  9. Statt, Nick (2020-12-30). "Trade-in site Gazelle is ending trade-ins". The Verge. Retrieved 2021-01-13.
  10. Harris, D. Boston Business Journal (2014). "Consumer electronics trade-in site Gazelle says it's accepted 2 million devices, served 1 million customers."
  11. 1 2 Inc. Magazine . "Inc. 5000, Gazelle."[ dead link ]