Our business model
Our business model
What does it take to achieve the vision of a circular car parts industry? At its core, our work is about creating collaborations in an industry that has previously been fragmented. Partly between companies in the auto parts industry, but also with insurance companies and other partners. When there are more of us working together, our impact is greater.
Everything starts with a vehicle.
It could be a crashed car - new or old - that, after consultation with the insurance company, is considered too expensive to repair. These are called Total Loss Vehicles (TLV). Alternatively, they are older vehicles that are worn out. These are known as End-of-Life Vehicles (ELV).
First, we tow the vehicles to our dismantling facilities. There they are dismantled so that each part can be carefully evaluated. From a basically new but crash-damaged car, many parts can be reused as spare parts. In other cases, parts can go on to other uses - one example is electric car batteries that are connected to energy storage to support local electricity grids. In many cases, parts that cannot be directly reused can be refurbished and restored to new condition. In cases where remanufacturing is not possible, the part is recycled instead, so that the raw materials can be used in new manufacturing.
Through our eight business areas, we create a circular flow where the benefit from each car part is maximized. The result is an increased supply of sustainable alternatives to newly produced spare parts. As we also have our own workshops, we are constantly receiving more car parts when we carry out repairs. The parts that are replaced go directly into our circular flow and contribute to a world where reuse is the norm.
A collaboration without limits.
The vehicle fleet looks different in different parts of Europe. For example, certain types of cars and spare parts are more common in France than in Sweden, which can create a local shortage of parts. Our concept is the solution. With a presence in large parts of Northern Europe, we can deliver across borders and create the conditions for even more efficient reuse in the industry.
