Motif Foodworks, an organization that develops plant-based meat various substances, has continued its enlargement into completed product codecs with the debut of its meals service portfolio later this month on the Nationwide Restaurant Affiliation present.
The corporate says the portfolio, which incorporates alt pork (PorkWorks), beef (Plant-Based mostly Floor and Motif BeefWorks, Plant-Based mostly Burger Patties and Grounds) and rooster (ChickenWorks), shall be obtainable to meals service suppliers later in 2023. The merchandise are an evolution of their preliminary steps into the meals product prototypes it began testing in 2022 beneath barely totally different model names and got here only a month after the corporate dabbled in a direct-to-consumer trial.
The transfer comes regardless of the corporate’s current insistence that they’re nonetheless primarily a B2B participant set on designing next-generation meals substances for different manufacturers. After the launch of its D2C trial final month, firm CEO Mike Leonard advised Meals Navigator that the corporate continues to be a B2B firm they usually don’t intend to develop a consumer-facing model of its personal.
As appetites for late-round various protein investments cool, it appears like Motif continues to search for methods to speed up its pathway towards income. The corporate, which laid off an unspecified variety of workers final summer time, has already raised $343 million and would doubtless have issue elevating one other important spherical within the present surroundings. Along with its continued enlargement into completed merchandise, the corporate expanded into bioprocessing providers earlier this yr and confirmed its openness to platform flexibility by increasing into molecular farming in a partnership with Ingredientwerks.
The enlargement into a totally fleshed-out finish product portfolio comes at an fascinating time for Motif, as the corporate continues its struggle with Not possible over patents which began final yr when Not possible filed go well with over patent infringement in March of 2022. Motif responded by difficult the validity of Not possible’s patents however endured a setback in October when the US Patent Trial and Enchantment Board affirmed Not possible’s patent. The authorized battle continues, with the trial set to start in January 2025.
