ELA
- Envela Corporation
()
Overview
Company Summary
Envela Corporation, also known as ELA, is a company that primarily operates in the sustainable consumer goods industry. The company primarily focuses on two areas of business: recycling and retail.
In the recycling sector, Envela Corporation specializes in electronic waste recycling. They collect electronic devices such as cell phones, computers, and other electronics that are no longer in use or have reached the end of their lifecycle. Envela then disassembles and processes these devices to extract valuable metals and components for resale or recycling. This process not only helps in reducing electronic waste but also provides a sustainable and environmentally friendly way to manage electronic materials.
On the retail side, Envela Corporation operates through its subsidiary, GemmaPower, which is involved in the jewelry and luxury goods industry. GemmaPower is engaged in the acquisition, refurbishment, and sale of luxury watches, jewelry, and other high-end accessories. They have a vast collection of pre-owned luxury items that are carefully examined, restored, and made available for sale to customers worldwide.
Envela Corporation aims to create a circular economy by promoting the reuse and recycling of consumer goods. Their recycling efforts contribute to reducing waste and preserving natural resources, while their retail business allows customers to take part in sustainable luxury consumption by buying high-quality, pre-owned items.
Overall, Envela Corporation's core business lies in sustainable consumer goods, with a focus on electronic waste recycling and the sale of pre-owned luxury items, providing both environmental and economic benefits.