What is PCS Wireless?
Founded in 2001 by Ben Nash and Praveen Arora, PCS Wireless has evolved into a global leader in the re-manufacturing and distribution of pre-owned smartphones and tablets. The company leverages an aggressive reverse logistics asset recovery program to acquire, process, and resell millions of mobile devices annually. This focus on sustainability and efficient supply chain management has cemented its reputation in the secondary market for consumer electronics.
How much funding has PCS Wireless raised?
PCS Wireless has raised a total of $102M across 2 funding rounds:
Debt
$100M
Debt
$2M
Debt (2015): $100M with participation from White Oak Global Advisors
Debt (2020): $2M led by PPP
Key Investors in PCS Wireless
PPP
Public-Private Partnership
White Oak Global Advisors
White Oak Global Advisors, a private credit firm established in 2007, specializes in providing term loans and asset-based financing to small and middle-market businesses, supporting PCS Wireless's significant debt financing needs.
What's next for PCS Wireless?
The recent major strategic investment signals a pivotal phase for PCS Wireless, likely aimed at expanding its operational capacity, enhancing its technological infrastructure for processing and refurbishment, and potentially broadening its market reach. Given the enterprise-level nature of the funding, PCS Wireless is poised for significant scaling, further solidifying its dominance in the refurbished mobile device market and potentially exploring new avenues within the broader electronics lifecycle management.
See full PCS Wireless company page
