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BUSINESS PRODUCTS & SERVICES | Packaging
karatcup.com

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Founded Year

2018

Stage

IPO | IPO

Total Raised

$1.9M

Date of IPO

4/15/2021

Market Cap

0.34B

About Karat Packaging

Karat (NASDAQ: KRT) specializes in food and beverage packaging products such as paper cups, plastic cups, food containers, dessert cups, cup lids, and more. Its products may be mixed and matched to fulfill diverse needs and budgets, as well as be matched with most major brands such as IP, Dixie, Sweetheart, and Solo, allowing clients to effortlessly switch in between brands. In an effort to be more environmentally friendly, Karat Earth, a plant-based line of compostable products including cups, straws, and utensils, was developed. Karat and Karat Earth also offer custom printing for cups, containers, and napkins for a personalized touch.

Karat Packaging Headquarter Location

6185 Kimball Ave.

Chino, California, 91708,

United States

(626) 965-8882

Latest Karat Packaging News

Karat Packaging Intends To Buy 10 Tesla Semi

Dec 24, 2021

Tesla already received thousands of pre-orders/reservations for the Semi since 2017. Dec 24, 2021 at 8:55am ET By: Mark Kane Karat Packaging, which describes itself as a specialty distributor and manufacturer of environmentally friendly, disposable foodservice products and related items, announced a plan to buy electric trucks. Specifically, the company would like to expand its fleet of 86 trucks and trailers by 10 Tesla Semis . Karat Packaging provides third-party logistic (3PL) services in California and this is probably where the Semi will be deployed. The size of this order is not as high as some of the others (some are in three-digits), but it proves that after several years since the presentation of the Tesla Semi (in 2017), and despite the fact that it's still probably at least a year before it will enter series production , the vehicle is still attracting new customers. We guess that some of the companies announced plans to buy Tesla Semi also as a marketing tool, so the exact timeline of Tesla Semi market launch might be not that important for them. Alan Yu, chairman and chief executive officer said: “We are excited to incorporate alternative-fuel trucks into our fleet. This purchase represents our commitment to continue investing in environmentally friendly solutions. Adding to Karat Packaging’s competitive advantage and the Company’s distinguishing characteristics, we are pleased to offer additional 3PL services to new and existing customers, particularly during the current supply chain environment.” When originally announced, Tesla promised that the Semi will have a range of 300 or 500 miles on a single charge. Gallery: Tesla Semi Energy Consumption – Less than 2 kWh / mile Acceleration 0-60 mph with 80,000 lbs load – 20 sec Speed up a 5% Grade – 60 mph Powertrain – 4 Independent Motors on Rear Axles Fuel Savings – $200,000+ Expected Base Price (500 mile range) – $180,000 Base Reservation – $20,000 Founders Series Reservation – $200,000 See also

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Expert Collections containing Karat Packaging

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Karat Packaging is included in 1 Expert Collection, including Packaging & Labeling Tech.

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Packaging & Labeling Tech

521 items

Companies providing traditional and tech-enabled packaging and labeling solutions for brands.

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