📱 Swappie Secures Major Loan
Swappie has secured a €17M ($18.5M) loan from the European Investment Bank (EIB). This funding is backed by the InvestEU guarantee. It will significantly boost Swappie's efforts in sustainable technology. Swappie aims to reduce electronic waste by making high-quality refurbished smartphones more accessible.
💼 Focus on Sustainability
The new funding will help Swappie expand its refurbishment processes. By doing so, Swappie aims to reduce the carbon footprint of its products. This is a key step in making their business more environmentally friendly. "Our mission is clear: to reduce electronic waste," Swappie stated.
🤖 Investment in Robotics
Swappie plans to use the loan to enhance its research and development in robotics. This will ensure fast and reliable iPhone repairs. The company believes that improved robotics capabilities will streamline their refurbishment processes. This will make refurbished smartphones more appealing to consumers.
🌍 European Investment Bank's Support
The EIB's support is crucial for Swappie. This loan demonstrates confidence in Swappie's vision for sustainable technology. "A heartfelt thank you to the European Investment Bank for believing in our vision," Swappie expressed. The collaboration aims to reshape the future of sustainable technology.
How will Swappie's new funding impact the smartphone market?
