What the unicorn IPO of The RealReal says about the circular economy for fashion

Australian mechatronics firm IM Group has launched a new program designed to repair, repurpose and sustainably dispose of batteries after they reach the end of their service life in hybrid and all-electric vehicles.  Dubbed ‘Infinitev’, the program offers three distinct services to dealers, workshops and electrification OEMs depending on the sort of battery and the condition it’s in once it has served its primary purpose in an electrified vehicle.  The first of these is essentially a reconditioning service in which batteries that are faulty, slow to charge or no longer performing at an effective level are repaired and recirculated as a used spare.  According to IM Group, it’s often only a handful of cells that cause faults or need repairing, meaning the bulk of the battery is still in good working order.