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Solar Foods Gets $5.2M to Commercialize Protein Made From Air

by Jennifer Marston
December 8, 2020December 8, 2020Filed under:
  • Alternative Protein
  • Business of Food
  • Delivery & Commerce
  • Featured
  • Foodtech
  • Funding
  • Future Food
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Finnish startup Solar Foods has been granted €4.3 million (~$5.2 million USD) in financing from government organization Business Finland. The new funding follows a Series A fundraise from September and brings Solar Foods’ total amount raised since the company began in 2017 to €24.8 million (~$30 million USD). 

These new funds will enable Solar Foods to open a new manufacturing facility and, more importantly, start to commercialize food products made from its Solein ingredient, an edible protein made from air and electricity.

To make Solein, also referred to as “air protein,” Solar Foods captures carbon dioxide from the air and combines it with bacteria to form single-celled proteins. The process has some noted advantages over other forms of alternative protein in that it doesn’t rely on irrigation, land, or good weather to function. The company has already demonstrated it can make multiple food products, including alt-meat items, with Solein. Another additional advantage of air protein is that in the inputs — carbon dioxide — are not finite.

Solar Foods’ major competitor in the air protein arena is a U.S.-based company simply called Air Protein, which is developing its own consumer-facing products for retail and restaurant partnerships. Elsewhere, the air protein market remains a pretty niche one, though commercialization of these companies’ products could change that.

For its part, Solar Foods said it expects its manufacturing facility to be operational by 2022. The company said its next step is to “finalise funding for the demonstration factory investment.” It is due to set the official location for that factory in the coming weeks. 


Related

Solar Foods Raises an Additional €15M, Closes Series A Round

Solar Foods, an air-protein company based out of Finland, announced this week it has closed out its Series A round with €15 million (~$17.8 million USD) in new financing. The investment was led by Fazar Group with participation from Bridford Investments Limited, Agronomics Limited, Lifeline Ventures, and CPT Capital. It…

Solar Foods Receives €10M to Scale Production of its Protein Made Out of Air

Solar Foods, which literally makes protein out of air, announced today that it has received €10 million (~$11.98 million USD) in funding from the The Finnish Climate Fund. The subordinated load will go towards revving up commercial-scale production of the company's product, Solein. This brings the total amount of funding…

Deep Branch Raises €8M to Turn Air Into Animal Feed

Deep Branch, which calls itself “a carbon dioxide recycling company,” announced today that it has completed a Series A investment round of €8 million (~$9.5 million USD). The round was led by Novo Holdings and DSM Venturing and also included participation from Total Carbon Neutrality Ventures and Barclays Sustainable Impact…

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Tagged:
  • Air Protein
  • alternative protein
  • Solar Foods

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