The plant-based meat brand "Zhide Expectation" has completed an angel round of financing, with a valuation of hundreds of millions of yuan

Sun, 03/20/2022 - 11:06
中国食品安全网

Recently, Sichuan Zhidewang Biotechnology Co., Ltd. has completed an angel round of financing, with a valuation of several hundred million yuan. The financing funds will be mainly used for investment in production and research, brand upgrading and market promotion.

In terms of raw materials, Zhide expects to use a variety of protein powders such as peas, rice, and wheat to widen the gap with other products at the most upstream raw material end. On the technical side, a variety of protein technologies, gel technologies, and compounding technologies have been developed simultaneously, which can simulate the fiber, flavor and nutrition of meat. The plant-based meat products in the 3.0 stage that Zhide is looking forward to are far from the 1.0 version of dried bean curd meat and the 2.0 version of brushed protein vegetarian meat on the market.