Eat Just partners with Proterra to launch a new subsidiary in Asia

Eat Just partners with Proterra to launch a new subsidiary in Asia

3 years ago
Anonymous $RGO3jP_V_c

https://techcrunch.com/2020/10/20/eat-just-partners-with-proterra-to-launch-a-new-subsidiary-in-asia/

Eat Just, the plant-based food startup, is launching a new Asian subsidiary through a partnership with Proterra Investment Partners Asia. The agreement includes building Eat Just’s first factory in Asia, which will be based in Singapore.

As part of the deal, Proterra, which focuses on agri-tech, will invest up to $100 million in the facility, while Eat Just will invest $20 million. The new subsidiary, called Eat Just Asia, will focus on creating a fully-integrated supply chain, working with manufacturers and distributers for Eat Just’s flagship product, vegan egg substitute Just Egg, which is made from mung beans.