PeelON
Overview
PeelON is an innovative biotech startup dedicated to developing biodegradable and compostable packaging solutions for fresh produce. Founded in 2020, the company was established by Dr. Taraka Ramji Moturu, Andres Diaz, and Venkata Ravi Sankar Ummidi. Headquartered in Plantation, Florida, PeelON has successfully raised $1 million in seed funding, with the support of investors such as growX Ventures, Boston Venture Group, and Clean Energy Venture Group. The company's mission is to offer sustainable alternatives to single-use plastics in the supply chain, providing solutions that extend the shelf life of produce by up to three times.
Recent Developments
- August 2025: PeelON announced securing $1 million in seed funding, led by growX Ventures with participation from Boston Venture Group, Clean Energy Venture Group, and Climate Angels. The funds aim to expand R&D and production facilities in Visakhapatnam, India, and strengthen sales and regulatory teams in both the USA and India.
- 2025 Initiatives:
- The company plans to introduce blockchain-enabled traceability systems to validate carbon footprints and shelf-life data of fresh produce.
- Expansion into markets such as Mexico and Southeast Asia is on the agenda, aiming to establish PeelON as a go-to brand for sustainable packaging solutions in these regions.
- Engagements with universities and compostable material labs in the USA and India continue, aiming to diversify product applications and sustainable innovations.
- Product Expansion:
- PeelON offers two primary solutions: PeelON-Fresh and PeelON-Retail+, focusing on bulk shipments and retail applications, respectively.
- The company has integrated ethylene scavengers and natural antimicrobial agents in their packaging to minimize spoilage and extend freshness.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Plantation, FL, USA |
| Founders | Dr. Taraka Ramji Moturu, Andres Diaz, Venkata Ravi Sankar Ummidi |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | growX Ventures, Boston Venture Group, Clean Energy Venture Group |
| Industry | Biodegradable Packaging |
| Number of Employees | 9 |
Early History
PeelON was founded with a vision to combat the environmental impact of single-use plastics by developing sustainable packaging solutions for the produce industry. The co-founders, driven by their backgrounds in biotechnology and environmental sciences, launched the company to provide biodegradable packaging materials that significantly extend the shelf life of fresh produce. Their initial R&D efforts focused on plant-based films, incorporating natural antimicrobial properties to enhance produce freshness without relying on traditional synthetic preservatives.
Company Profile and Achievements
PeelON operates on a business-to-business model and collaborates with farmers, exporters, and retailers to provide biodegradable packaging solutions. Key achievements include:
- Receiving positive market validation and significant investment from eco-conscious venture firms.
- Successfully scaling production capacity in Visakhapatnam, India.
- Establishing a strategic presence in the North American market, especially across key states like Texas, Florida, and California.
- Maintaining collaborations with top universities and compostable material labs to continuously innovate and enhance product applications.
- Filing four patents covering the company's proprietary technologies that underpin their unique biodegradable packaging solutions.
Current Operations and Market Position
PeelON is actively scaling its operations and has become a significant player in the sustainable packaging sector. With a robust presence in both North America and India, the company is well-positioned to address the growing demand for eco-friendly alternatives to plastic within the produce supply chain. By leveraging innovative technology and strategic partnerships, PeelON aims not only to reduce environmental impact but also to deliver cost-effective solutions that improve produce quality and logistics.
Conclusion
PeelON is rapidly emerging as a leader in sustainable packaging solutions for the fresh produce industry. Through innovative biodegradable products, they are addressing critical environmental challenges and enhancing food supply chain logistics. Looking ahead, PeelON's strategic expansions into global markets, coupled with their advancing technological innovations, position them well for continued impact and growth in promoting eco-friendly packaging solutions.