ChipCart GMBH
ChipCart is a young startup in the field of electronic component sales, launched in September 2023.
Our startup is the result of a merger between an IT development team and experienced professionals in the electronic components market.
The project was developed by an international team with extensive experience in developing ERP systems for trade and warehouse business. These are high-class professionals with experience in launching E-commerce projects worldwide. Currently, our team includes 35 developers.
The most challenging part of working in the electronic components market is correctly combining modern technologies with the traditions and experience of classic distribution. Only professionals with vast experience in this market can handle such a task. They have become the connecting link that created ChipCart, led by our CEO, who has over 35 years of experience in the electronic components sales industry.
Uniting modern technical solutions with extensive market experience was achieved by professionals experienced in working with electronic components, led by our CEO with over 30 years of experience in the industry.
Advantages of Our Project
Wide Supplier Base
Typically, each manufacturer works with 5-6 component suppliers. This limitation is due to significant time and financial burdens. The more suppliers there are, the more time is needed to obtain data - prices, availability, delivery terms, special conditions, etc.
Our platform consolidates data from more than 250 suppliers, including official distributors, catalogs, and partners, including connected partner warehouses, OEM, and EMS.
We operate transparently and convey the sources of components. Thus, every buyer can visit the original site and ensure that the displayed price of components matches the source's price.
For our clients, this optimizes time and financial expenses on purchases, plus budget savings due to choosing the optimal price.
In layman's terms, we are a platform that in real-time displays offers from the largest marketplaces and online stores, allowing you to choose the best conditions in terms of price and delivery time, and receive all orders in one delivery, instead of 5-10 different deliveries. All this at the same price as if you were buying directly from each separate site.
Convenience
This approach allows all work to be done in one window. Even if you purchase 50 different components from 15 suppliers, you only sign one contract with us and receive everything in one free delivery.
Our platform is absolutely free. We do not set markups or hidden commissions. You can buy from your usual suppliers on the terms you are accustomed to.
Additionally, you receive online analytics of the purchase price from all suppliers, including your "neighbors" who have excess electronic components.
Working with Excess Inventory
One of our key advantages is working with excess inventory. Currently, many companies are concerned about the situation with excess inventory of electronic components in their warehouses. This is frozen money and occupied space.
Our platform works not only with catalogs but also allows any company, after data verification, to post and sell their excess inventory. This enables businesses to free up financial flows and warehouse space and redirect these resources to development.
Our platform provides access to the global market and operates 24/7. Starting work is very simple – just send a list of items and provide data on the originality of components. After agreeing on all details, the goods appear on the platform.
For the convenience and safety of our clients, we thoroughly check the source of components and datacode to ensure the originality of goods. We also have high requirements for updating data through API, giving us an up-to-date picture of component availability in the warehouse.
Confidentiality and security are very important to us. We do not disclose companies that sell their goods through the excess inventory program.
Unlike traditional brokers, we use all the possibilities of modern IT for automation and simplification of processes. The client sees the price and quantity in real-time. There is no need to send a request. Just click the "buy" button, and all components (even from different sources) will arrive in one free delivery.
We believe that our platform will help the market achieve balance and relieve European manufacturers from the burden of excess inventory.
Geography as an Advantage
We are a European company that takes advantage of global work with all markets. Currently, our office is located in Germany. We also have representations in Hong Kong, Singapore, and plan to open an office in the USA mid-year.
At the moment, the European market knows little about Chinese distributors of electronic components. On our platform, you can see warehouses and prices for components on these platforms.
This gives the customer an incredible level of freedom in choosing a source for purchasing electronic components.