Company Market Research Report: ControlZ

Company Overview

• Name: ControlZ

• Mission: ControlZ aims to inspire conscious consumption by transforming how consumers view and upgrade their devices, making premium renewal a sustainable choice.

• Founded: ControlZ is a startup founded by Yug Bhatia.

• Key People: Yug Bhatia, Founder.

• Headquarters: Plot No. GP-56, Maruti Industrial Area, Sector 18, Gurugram, Haryana - 122015, India.

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the company known for: ControlZ is known for its innovative process of renewing smartphones to look and function as well as new ones, contributing to eco-tech by reducing environmental impact through renewal and reuse.

Products

• Products Offered: ControlZ specializes in premium renewed smartphones.

• High-Level Description of Products: Offers renewed versions of popular smartphones such as Apple iPhone 7, 11, 12, 12 Pro, XR, and others, along with selected models from Google and OnePlus.

• Key Features:

• Condition: Smartphones renewed to "like-new" condition with no scratches or dents.

• Performance: Devices match high standards in display and functionality as endorsed by customer reviews.

• Unboxing Experience: Packaging aligns with the high standards of original manufacturers, creating a unique, enjoyable unboxing experience.

Recent Developments

• Recent Developments:

• ControlZ secured seed funding of $3 million co-led by 9 Unicorn and Venture Catalysts. The funding will be used to fortify automation excellence and advance testing labs up to OEM standards.

• Introduction of the Renew Hub, an eco-conscious remanufacturing facility featuring a blend of traditional and modern architectural elements like bamboo, mud, and brick, designed to minimize environmental impact and aid in sustainability.

• Facility spans 20,000 sq. ft., leveraging solar energy to enhance production to 600,000 units per annum, contributing to a circular economy.

• New Products Launched:

• No specific new products launched outside the renewed smartphones mentioned.

• New Features Added to Existing Products:

• Focus on maintaining 100% battery health in all renewed smartphones.

• New Partnerships:

• Partnered with structural design and architectural teams, Pranav Darda and ABRD Architects, to enhance the infrastructure of the Renew Hub enhancing Control Z’s efforts in eco-tech and sustainability.

Sustainability Impact

• Environmental Savings:

• Water: Saved 70.18 billion liters; it takes about 13 tons of water to manufacture a new phone.

• Land: Saved 990,000 square meters; it takes about 18 square meters of land to mine resources for a new phone.

• CO2 Reduction: Reduced 44.41 million kilograms of CO2, with 80 kg of CO2 typically produced in making a new phone.

In conclusion, ControlZ is pioneering a shift toward environmentally sustainable consumer electronics through innovative renewal processes, eco-friendly facilities, and a focus on high-quality consumer experiences without compromising on device performance and appearance.