A battery wending machine that pays for old battery’s.
It would be great for the environment and great for the consumer, otherwise the old batteries would end-up in dump sites.
Let's see. First, great idea. Do some math. Each machine costs, let's see 100 dollars. You install, let's say 100 of them. Let's see the research cost is 20,000 dollars. That is 30,000 dollars before anyone sees the machine and tries to steal it. I am using very small numbers. If you succeed, there would be copy cats. Of course. But let's not worry about it.
If each machine takes in 1 kg of old battery a day. And you pays out 10 dollars a day. That is 365 days, 100 machines. So your machine business pays someone 10x100x365 dollars a year. And YOU ARE going to hire people to transport and dispose the used batteries?
Are you in the old battery disposal business and has an insider advantage that no one knows about?
My firm is starting to do a few deals in the waste and recycling space but I haven’t personally come across hazardous waste yet so perhaps I am unfamiliar with how that sector works. That being said in almost every other kind of waste, you’re paying for disposal. Unless you can find someone who will pay you for these old batteries (most of which are not rechargeable), you’re incurring a cost on collection and disposal, so where does your revenue come from?
Are you selling the new batteries? If so, you’ve got the price of all this overhead and junk battery repurchases baked into your batteries when I can go to any other store to get them for much less.
If it’s some kind of exchange system then you’re kneecapping yourself in the way of total addressable market because you’re forbidding people without junk batteries for trade to purchase your overpriced batteries.
All in all I think you’re looking at an environmental play to target the green sensibilities of younger generations and way too many businesses are already playing the “they’ll pay more cause it’s good for the planet” card that there’s too much risk broke millennials will say “screw you, I’ll buy cheaper batteries from Walmart.” This sounds like a very worthwhile non-profit effort, but not every eco-friendly logistics model will make money as a for-profit business.
Something like this already exists, sort of:
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