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Planetarians

USA, California
Market: Food industry
Stage of the project: Operating business

Date of last change: 12.10.2024
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equalizer from 2000
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Idea

Planetarians is a waste-to-food company that revolutionizes the plant-based meat industry with an ingredient innovation that underprices animal meat and delivers over 60% margins.

Current Status

Displaced Gardein at UT Austin, and secured $114,000 through 1, 2, and 4-year agreements with schools in 2024.
Secured a $155,000, 2-year agreement with DC Central Kitchen (20% down payment).
Added a $130,000, 2-year agreement with the Virginia Food Bank (10% down payment).
Entered Sysco and US Foods distribution channels.
85% of orders come from repeat customers without branding or marketing efforts.

Problem or Opportunity

Plant-based meat companies are struggling with high production costs and are losing money. These costs make it challenging to compete with traditional animal meat products.

Solution (product or service)

Planetarians is revolutionizing the plant-based meat industry with an ingredient innovation that underprices animal meat and delivers over 60% margins.
Innovative Ingredients: Utilizing spent yeast and spent beans, we produce plant-based meat cheaper than animal sources.
High Margins: Our technology delivers margins exceeding 60%, making it both affordable and profitable.

Business model

Partnership Model: Instead of expensive direct-to-consumer efforts, we partner with established brands to optimize their costs and share profits 50/50:
- Increased margins and boosted sales due to competitive pricing for partners.
- Cost-Efficient Growth for us: Avoids the need for branding, sampling, slotting fees, and capital expenses.

Incubation/Acceleration programs accomplishment

Techstars, Food-X by SOSV
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