But it’s his passion and excitement for the sustainability aspect of our mission and his focus on changing food culture that puts him head and shoulders above the many awesome people we spoke to.”įigliola spoke about how aligned he feels with the intention behind Plant Power, “I’m a pretty lucky guy, I’ve had the opportunity to work for some of the most innovative leaders in this business and with some of the most iconic brands. He added, “Steve’s extensive experience in operations and development with Fortune 500 companies is undoubtedly the perfect fit for Plant Power at this critical stage of our journey. But it’s taken us a while to build up the right team, a robust manufacturing operation and the distribution channel.” ©PPFF We’ve always known that the potential to do something really big, really impactful was there. Plant Power’s co-founder and CEO Jeffrey Harris stated, “We never started this business with the goal of having 50 or even 100 locations. But when I began to spend time with the Plant Power founders and realized just how serious they were about their purpose, I was, frankly, inspired in a way I haven’t been in a long time… I’m thrilled to join the Plant Power team and to be part of bringing something truly different and positive to the world.” The perfect fit Speaking on his new leadership role, Figliola commented, “I’m a pretty lucky guy, I’ve had the opportunity to work for some of the most innovative leaders in this business and with some of the most iconic brands. Demonstrating the viability of sustainable food choices is more important than ever and rapid growth is how we plan on making our contribution to a world in need of real change.” ©Plant Power Fast Foodīy strategically partnering with seasoned executives like Figliola, Plant Power is positioning the company’s singular brand to dominate the category of better and healthier fast food. We want to offer a new cruelty-free, sustainable and delicious fast-food alternative to millions of people. Plant Power said it will use its new funding to continue its expansion plans and focus on new corporate unit development.“Our contribution to a world in need of real change”Īccording to company President and Chief Operating Officer Zach Vouga, Plant Power’s growth ambitions stem from a deeper motivation than profits and money: “ We really are here to make a difference. Growing consumer sentiment for plant-based options has even spurred traditional QSRs like Burger King to launch the Impossible Whopper, and both McDonald’s and Yum Brands have partnered with Beyond Meat to create more plant-based meat options for their menus.
#Plant power fast food full
Copper Branch is a chain in Canada is all plant-based, and even Starbucks is testing a full plant-based menu at one of its Seattle locations.
There’s a lot of plant-based momentum in QSRs right now. The plant-based meat category (including burgers) saw its category sales increase by more than $430 million from 2019 to 2020 and the plant-based meat market is now worth $1.4 billion.
Additionally, sales of plant-based foods in the U.S jumped 27 percent in the past year, and 43 percent in the past two years to hit $7 billion. sales of plant-based foods grew 2 times faster than overall food sales in 2020. According to the Good Food Institute, U.S. While those growth stats are vague, the general numbers line up with the recent trajectory of plant-based foods. The company said it reported year-over-year enterprise-wide retail net sales growth of more than 50 percent from 2019 to 2020. According to the press announcement sent to The Spoon, Plant Power has seven locations up and running in Southern California, with eight more stores opening in locations including Sacramento, Hollywood, and Las Vegas.
The round was led by Helia Capital USA, Eat Beyond Global Holdings and Batta Foods, with participation from Aileen Getty and other individual investors.Īs its name spells out, Plant Power is a fast food chain that offers an entirely plant-based menu.
#Plant power fast food series
San Diego, California-based fast food restaurant chain Plant Power announced today that it has completed a $7.5 million Series A round of funding.
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