The cost of producing cultivated meat might be getting significantly cheaper.
What’s happening:
- Israeli food technology startup Ever After Foods has raised $10M USD in a new financing round
- The new round saw participation from Pluri (NASDAQ: PLUR) which is the publicly traded company Ever After Foods was originally spun out from
Why it matters:
- Ever After Foods has publicly stated that their bioreactor platform is now the cheapest production method in the world for producing cultivated meat at scale, which has been one of the notable critiques around lab grown meat being able to replace factory farmed meat globally
By the numbers:
- Ever After Foods believes their new production methods represent a 90% reduction in costs compared to other available technology for producing cell cultivated meat
- The bioreactors designed and built by Ever After Foods also yield approximately 6x more protein than traditional bioreactors
Going deeper:
- Cultivated meat has been seeing an uptick in funding from both venture capital investors and philanthropic donations, with Amazon (NASDAQ: AMZN) founder Jeff Bezos recently launching new university research facilities for lab grown meat in London and the United States
The intrigue:
- The United States military also recently announced they are launching a new research project focused on cultivated meat as a potential new source of sustainable protein for troops who are stationed at military training campuses and deployed in active combat
