ecoATM Gazelle runs a network of automated kiosks in grocery stores, malls, and other retail locations where people can drop off used electronics such as smartphones and tablets. The kiosks evaluate each device by its make, model, capacity, carrier, and condition, and then offer instant cash based on that assessment. If the device is functional, it is refurbished and resold; if not, it is recycled for materials. The company also tracks devices to prevent the resale of stolen items. The business makes money from reselling refurbished devices and recycling materials, while maintaining a focus on environmental sustainability. With over 5,000 kiosks and more than 45 million devices collected, ecoATM Gazelle distinguishes itself by its large retail network, real-time payouts, and explicit emphasis on e-waste reduction and crime prevention. The goal is to provide convenient, responsible disposal for electronics and divert as much e-waste as possible from landfills.
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$397.4M
Headquarters
San Diego, California
Founded
2008
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