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EcoATM

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ecoATM



ecoATM

The ecoATM was probably one of my favorite companies that presented at DEMO 2011. ecoATM is an automated self-serve eCycling kiosk that uses patented machine vision to scan your used electronics to grade the quality of the device and then pays you cash like an ATM machine. ecoATM kiosks provide a convenient trade-in solution that electronically and visually inspects any consumer electronic device, pays consumers immediately in cash and/or store credit, and automatically administers trade-in/trade-up promotions for retailers and manufacturers.

The impressive aspect of the company beside the sheer market size was the ease of use, accurate functionality and the fact that is pays you cash on the spot. Mobile phones in the electronics segment accounts for 150M devices retired annually. The presenter scanned an iphone 4 on stage and the machine paid $300 cash on the spot.

ecoAtM has raised 14.4m series A round led by Claremont Creek Ventures and Coinstar. Competitors in the Market place are Gazell and FlipSwap

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