Orbillion: Cultured meat startup aims to achieve price parity with conventional meat by 2026
Orbillion developed four different meats in only four months, leading to estimations that the startup is moving 18x faster than other cultivated meat companies.
AMY BUXTON: San Francisco-based startup cultivated meat Orbillion has announced that it projects reaching price parity with conventional meat by 2026, with commodity pricing for beef to follow by 2030. The declaration comes as CEO and co-founder Patricia Bubner is present in Davos, Switzerland, where the World Economic Forum (WEF) is holding its annual meeting. The focus of her presentation will be how they plan to democratize access to delicious and healthful cell-cultured meat to help address food insecurity.
Orbillion claims that it can work faster and cheaper than other cultivated companies. At its first pre-regulatory approval public tasting event, held last year, three types of meat were presented. Orbillion developed four different meats in only four months, leading to estimations that the startup is moving 18x faster than other cultivated meat companies. This is largely attributed to members of the founding team meeting while already working within bioprocessing, thus having a working knowledge of the cultivated methodology…
Orbillion has developed a unique technological path with: high selectivity of cells, rapid optimization of serum free media for superior cell performance, and high density bioprocesses. It should be noted that price parity for Orbillion is significantly simpler to reach, as it focusses on high-end and heritage meats which are, traditionally, expensive. Parity with premium meats is the first target, before bringing costs down as production can be scaled further. To date, Orbillion has raised $9.5 million to support its endeavours…
Orbillion has confirmed that its first commercial product will be cultivated Japanese-bred Wagyu beef. It cites its developments as a potential solution to the increased food insecurity being faced by global populations, in line with food price hikes… Potentially the only startup to be looking at cultivated Wagyu beef, Orbillion is not alone in developing alternatives to the conventional Japanese heritage meat. Last month, Hong Kong’s Alt Farm revealed its plans to seek launch 3D printed plant-based Wagyu in 2023. SOURCE…
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