Providing innovative tech infrastructure for full circularity in the fast-growing mobile device market.
Societal Problem:
The electronics industry produces one of the fastest growing waste streams in the world. Small devices like mobile phones and tablets are particularly problematic: they are rarely collected yet contain critical raw materials that could be recovered. More than 5 billion phones lie unused in drawers worldwide, and without intervention, many will become e-waste, leak toxic components and waste valuable materials. Despite growing awareness of the environmental cost of device production and disposal, trade-in rates remain low due to fragmented systems, manual workflows, and a lack of reliable infrastructure to support circular use at scale. As a result, only a small fraction of devices enters second-life cycles. This disconnect between supply, demand, and operational capacity is a critical barrier to achieving circularity in the consumer electronics sector.
Solution:
As discarded electronic devices are becoming one of the fastest growing waste streams, Ringy Hub is removing the barriers to bringing in mobile devices into second life cycles. The company replaces inefficient manual processes, inconsistent grading, and outdated pricing systems with an integrated solution to source, assess, price, and resell used devices at scale. Using proprietary AI-powered diagnostics, grading and dynamic pricing tools, Ringy delivers a fast, accurate, and scalable infrastructure for device trade-in and resale.