This startup distributes reused and recycled automotive spare parts, operating within a circular economy framework that extends the lifecycle of components. By facilitating the consistent availability of sustainable parts, the company addresses the industry's reliance on new manufacturing, reducing waste and resource consumption.
Funding
$11.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The automotive industry faces increasing pressure to reduce waste and resource consumption due to reliance on new manufacturing for spare parts. A fragmented market of independent dismantlers and workshops hinders efficient reuse and recycling of existing car parts.
Solution
Autocirc is building an ecosystem to promote the reuse, remanufacturing, and recycling of automotive parts. By connecting specialized companies, Autocirc facilitates a circular flow where more car parts are reintroduced into the spare parts market, reducing the need for new resources. The company's platform links dismantlers, core traders, remanufacturers, and workshops, ensuring that vehicle components are evaluated and sorted for their highest potential use. Autocirc's goal is to enable a transition where existing car parts are reused, remanufactured and recycled more efficiently, reducing the automotive industry's carbon footprint.
Target Audience
Autocirc serves vehicle repair workshops, automotive part suppliers, and environmentally conscious consumers seeking sustainable alternatives to newly manufactured car parts.
Features
- Platform connecting companies specializing in transport & towing, dismantling, remanufacturing, and recycling of car parts
- Network of companies specializing in wheel refurbishment, battery reuse, and scrap metal processing
- Focus on UN Sustainable Development Goals 12 and 13, aiming for sustainable consumption, production patterns, and climate change mitigation
- Aims to increase the utilization rate of incoming materials through improved processes
- Transparency on environmental benefits and carbon avoidance
- Adapting internal processes to support the goals of the Paris Agreement
- Focus on staff health, safety, diversity, and equal opportunities