Spreading the Good Word about Olivine Spreading: Kelly Erhart and Vesta
Release Date: 09/01/2022
Defying the Odds: Orbillion Bio Raising Capital for Cultivated Meat in 2024
Business for Good Podcast
If you follow the cultivated meat sector, you know that the last couple years have been tough. Some companies have gone under, others have gone into hibernation, and others have shed staff in cash-conserving layoffs. Major publications have published opinion column obituaries for this industry, yet the work goes on. Part of that work is that of , a B2B cultivated meat company which successfully , surely a Herculean feat. Having now brought in $15 million, while the Orbillion technology is complex, the business model is simple: grow high-quality wagyu beef cells and then sell those cells...
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The Past, Present, and Future of Cultivated Meat with UPSIDE Foods’ Uma Valeti
Business for Good Podcast
No cultivated meat company has raised more capital than UPSIDE Foods. In 2022, after having already raised about $200 million in previous rounds, the company raised another with a company valuation north of the coveted $1 billion unicorn status. No company in the space has garnered more media attention, both positive and critical, than UPSIDE Foods. No company has as much volume of cultivation capacity as UPSIDE Foods. No company is as old as UPSIDE Foods, as it was the first startup formed to take this technology out of academia and work to commercialize real meat grown slaughter-free....
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Fishing for Progress in Asia: Avant Meats
Business for Good Podcast
Asia is leading the world when it comes to semiconductors, solar panels, wind turbines, and other technologies critical for the future. In a time when several US states are the sale of cultivated meat, Asia seems to be leaning into the technology, and one of the most mature companies in the space there is . Founded in Hong Kong in 2018 and having raised about to date, Avant Meats is focused on making a dent in Asian seafood demand. In this episode, Avant founder and CEO Carrie Chan discusses why her focus is seafood, what scale she’s at and where she hopes to soon go, and how...
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Fishing for High-Margins in Cultivated Seafood: BlueNalu’s Path to Scale
Business for Good Podcast
BlueNalu is one of the better-funded companies when it comes to cultivated meat. Having raised more than $100 million, including about $35 million toward the end of 2023—a notoriously difficult time to fundraise—their founder and CEO Lou Cooperhouse is optimistic about their path to success. But as you’ll hear in this episode, Lou isn’t working to compete against the commodity meats like chicken, pork, and beef. Rather, he’s pursuing a strategy to compete against products that are exponentially higher-cost, like bluefin tuna, which can often sell for more than $100 a pound. In this...
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Is the Future of Cultivated Meat in Thailand? Aleph Farms is Betting on It
Business for Good Podcast
When you think about cultivated meat, Thailand isn’t exactly the first country that comes to mind. Sure, you may think about the US, Netherlands, Israel, and Singapore. But the Southeast Asian kingdom is where Israeli cultivated meat juggernaut Aleph Farms recently announced its first commercial factory will be. Having just received Israel’s first regulatory approval to sell cultivated meat—and the world’s first regulatory approval for cultivated beef in particular—Aleph Farms CEO Didier Toubia discusses his company’s rollout strategy with me in this conversation. As you’ll...
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Flying Cars or Electric Cars? Isha Datar’s Thoughts on Where Cultivated Meat Tech Stands Today
Business for Good Podcast
When the New York Times recently ran an declaring the infant fatality of the cultivated meat industry, Isha Datar, CEO of , was quoted as saying of the sector, “this is a bubble that is going to pop.” Given that New Harvest is intended to promote and advance the field, what did Isha mean by this? She expounded on that thought in a asserting that while she disagrees with the columnist’s conclusion that cultivated meat can never become a viable reality, she believes that the sector has been plagued by “exaggerations, lies, and broken promises.” In this episode, Isha and I talk...
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Mark Post, A Decade After the First Cultivated Burger
Business for Good Podcast
In 2013, Dr. Mark Post when he debuted the world’s first-ever burger grown from animal cells. Weighing in as a quarter-pounder, the burger carried a price tag of a mere $330,000—all of which was funded by Google co-founder Sergey Brin. A decade later, what does Mark think about the movement and the industry he helped birth? When his burger was debuted, a grand total of zero companies existed to commercialize what would come to be called cultivated meat, no serious investment dollars had flowed into cultivated meat research, yet hopes were high that such meat would be on...
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Are Smaller Cultivators the Answer for Cultivated Meat’s Success? Niya Gupta Thinks So
Business for Good Podcast
Some of the companies in the cultivated meat space are betting that massive stainless steel cultivators—think 100,000L to 250,000L—are the path to commercialization. Niya Gupta, CEO of , is thinking smaller. She argues that there may be a more realistic path using a , void of the impellers that agitate the more conventionally used reactors in the sector. Founded in 2018, the company was spun out of , the first-ever cultivated animal product company which is now focused on materials like leather rather than meat. Having raised more than $20M in its first six years, Fork and Good...
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Josh Tetrick on the Future of the Cultivated Meat Movement
Business for Good Podcast
If you listened to the , you already know that there’s an updated paperback edition of my book that’s coming out April 9, 2024. I announced in that episode that, aligning with that release, this show will be devoted for a couple months exclusively to interviews with leaders in the cultivated meat space, many of whom are profiled in the book. And there’s perhaps no person in the cultivated meat sector who’s generated more headlines than Josh Tetrick, CEO of both and . Along with people like Mark Post and Uma Valeti, both of whom will also be guests in this podcast series,...
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Brief thoughts on the alt-meat movement and my role in it
Business for Good Podcast
I’m excited to announce in this short new podcast episode that there’s a new, updated, that’s coming out on April 9, 2024. Published by Simon and Schuster’s Gallery Books, the new Clean Meat is now available for preorder everywhere books are sold. Aligning with this new edition release, for the next couple months, this podcast is going to focus squarely on the issue that’s animated my life for the past 30 years: how to wean humanity off our animal-centered diets. The extraordinary suffering of the literally trillions of animals who we farm and kill for food has plagued me for...
info_outlineSure, we need to stop emitting greenhouse gases. But even if we stopped all emissions today, there are so many that we’ve already put into the atmosphere that we need to remove them. Some folks are trying to build massive machines to suck C02 from the air, but Kelly Erhart has a different idea: just accelerate the earth’s natural geochemical processes to remove that same C02 and safely deposit it in solid form at the bottom of our oceans.
How to do it: Turns that when water touches this volcanic rock called olivine, the rock naturally removes C02 from the air. This process takes eons normally, but if you grind the olivine rock into a fine sand and spread it out over beaches, you can greatly accelerate the carbon-capturing capacity of the rock, while also protecting coastal communities.
Sounds like a noble idea, and when you combine it with the capacity to sell carbon credits, it sounds like a profitable idea, too. That’s why Kelly Erhart founded Vesta in 2019. Her company’s raised $6 million in equity so far (along with an additional $6 million in philanthropic dollars) and is now poised to raise a much larger Series A round so they can get into the olivine sand spreading business.
They’re already conducting pilot programs in the Caribbean and say they’ll soon be ready for much bigger footprint—or sandprint—projects that will make a tangible dent in the climate crisis.
Discussed in this episode
- Our past episodes with Phoenix Tailings (valorizing mining waste). Funga (soil carbon capture), Global Thermostat (direct air carbon capture), and Coral Vita (regrowing coral reefs).
- TED talk by Ayana Elizabeth Johnson: “How to find joy in climate action”
- CarbonPlan: Data and science for climate action
More about Kelly Erhart
Kelly Erhart is Co-founder and President of Vesta. A believer in humanity's ability to become a "net-positive" to nature, Kelly has spent her career commercializing sustainable technologies and climate solutions through creative non-profit, for-profit, and hybrid organizations. Vesta is developing an ocean-based climate solution called Coastal Carbon Capture. Coastal Carbon Capture has the potential to be a billion-ton-per year NET solution with co-benefits such as lowering ocean acidity and helping to protect vulnerable coastal communities from sea level rise and erosion.