Cleantech Startup Relocalize Secures $4.78 Million CAD to Develop Hyperlocal Food Distribution
Introduction
Montreal-based cleantech startup, Relocalize, is on a mission to transform the way we think about food production and distribution. With a recent seed round investment of $4.78 million CAD ($3.5 million USD), led by i4 Capital and Waterpoint Lane, and joined by RPG Ice, Relocalize is well on its way to becoming a leader in hyperlocal food and beverage manufacturing. This investment in food tech is a significant step towards addressing climate change and revolutionizing the traditional food supply chain.
A New Approach to Food and Beverage Manufacturing
Relocalize's vision is to dramatically reduce the carbon footprint associated with food production and distribution by eliminating the so-called "electric middle mile." The middle mile refers to the transportation of goods over intermediate distances, often using electric vehicles to reduce emissions. Instead of merely electrifying this middle mile, Relocalize's innovative approach is to eliminate it entirely.
- Wayne McIntyre, CEO and co-founder of Relocalize, emphasized the urgency of decarbonizing food production and the growing market demand for sustainable and affordable products. He noted that their technology allows them to make food where people live, significantly reducing the need for long-haul transportation. While many are focusing on electrifying trucks, Relocalize's strategy is to replace them entirely, paving the way for a more environmentally friendly and efficient food system.