Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the circular economy. This time, you get to discover 5 hand-picked remanufacturing startups.
Global Startup Heat Map highlights 5 Top Remanufacturing Startups out of 246
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 246 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 remanufacturing startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 241 remanufacturing solutions, get in touch.
Turbo Solutions offers Remanufactured Turbochargers
While repairing may not assure top long-term performance, remanufacturing restores a turbocharger to a good-as-new condition. This is because the latter involves rebuilding parts that are validated to the standards of the same specification as new turbochargers. Further, turbochargers reduce vehicle emissions and improve fuel economy when running in the best condition. To enable the circular economy for such components and machinery, startups are developing remanufacturing solutions that offer original equipment manufacturer (OEM)-quality parts.
US-based startup Turbo Solutions remanufactures turbochargers for heavy vehicles that follow International Organization for Standardization (ISO) principles. The startup completely disassembles each turbocharger for detailed inspection and reassembles it with OEM-quality parts, including journal and thrust bearings, as well as seals and any other worn or out-of-specification components. It also offers turbochargers with and without actuators. The remanufactured turbochargers come with the same warranties that the OEMs offer and are ready to install.
SPX FLOW remanufactures Industrial Pumps
Remanufactured pumps are a convenient alternative to buying new ones since they reduce costs and guarantee the performance of new pumps. Besides, it is good for the environment and promotes a circular economy by reusing resources rather than manufacturing new ones. Remanufacturing involves replacing only the damaged and worn-out parts, in turn, reducing the scrap that otherwise ends up in landfills. Hence, startups are offering remanufactured pumps, which are cost-effective and also extend the life of pumps.
US-based startup SPX FLOW remanufactures industrial pumps. The process involves the replacement of damaged parts with new components including bearings, shafts, gears, gear case, product seals, cover, rotors, rotor nuts, and pump body. All replacement parts are manufactured to factory specifications. After replacing the parts, factory-trained technicians assemble the pumps and test them to validate performance.
SunCrafter provides Remanufactured Solar Power Systems
Solar power is a renewable source of energy. However, when the solar panels get out of order, they are usually discarded. These panels must be disposed of carefully since they contain toxic substances like cadmium and lead. Moreover, every step in the production of new solar panels exhausts significant quantities of fossil fuel emissions. For instance, smelting silicon from ore utilizes carbon reductants. As a result, energy startups are remanufacturing solar panels.
German startup SunCrafter produces off-grid solar power systems utilizing decommissioned solar modules from industrial solar farms using its EasyPanel technology. The startup offers a range of products that are produced by remanufacturing solar modules, thus, giving second life to other components such as batteries. The startup also minimizes its products’ environmental footprint by using fewer new resources. This, in turn, enables the circular economy for solar panels.
Atarw develops a Remanufacturing Management System
Remanufacturing requires a lot of planning and coordination. As a result, companies often face difficulties in lead-time tracking, production and purchase planning, inventory management, and handling of material. Therefore, startups are developing software for remanufacturing management to reduce bottlenecks and optimize the remanufacturing process.
Atarw is an Indian startup that develops a remanufacturing management system. It helps in production planning by comparing finished goods planning with failed parts and bill of materials (BOM) stock details. The system also defines part-wise, supplier-wise, and core-wise manufacture lead time. This leads to effective planning, keeps a track of lead time across operations, and offers real-time visibility on vendor operations.
COCO Automotive rebuilds Existing Cars into EVs
While remanufacturing rebuilds a product close to its new condition, some startups are taking it a step further. Considering the need for shifting towards zero emissions, automotive startups are remanufacturing existing vehicles into electric vehicles (EVs). Such solutions allow more automobile owners to make the transition away from petrol and diesel.
Dutch startup COCO Automotive redesigns and rebuilds existing cars into EVs. Its business model is based on reuse, reinstatement, remanufacturing, and technological upgradation of existing vehicles on a mass scale. Thus, utilizing an electric propulsion system, makes the vehicles better and technologically more advanced than when they originally came out of the factory. Furthermore, the solution serves as a small footprint alternative to new electric vehicles.
Discover more Circular Economy Startups
Startups such as the examples highlighted in this report focus on remanufacturing industrial products including automotive components, solar modules, and pumps, as well as remanufacturing management systems. While all of these technologies play a major role in advancing the circular economy, they only represent the tip of the iceberg. To explore more technologies enabling the circular economy, simply get in touch to let us look into your areas of interest. For a more general overview, you can download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.