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nofoodloss.com

Founded Year

2022

Stage

Seed VC | Alive

Total Raised

$740K

Last Raised

$740K | 2 mos ago

About ZERO

ZERO develops and operates fuubo, an unmanned vending machine that aims to reduce food loss and CO2 emissions. It was founded in 2022 and is based in Tokyo, Japan.

ZERO Headquarter Location

2-20-6 Higashiueno, Taito-ku

Tokyo, 110-0015,

Japan

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Expert Collections containing ZERO

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

ZERO is included in 4 Expert Collections, including Food Waste.

F

Food Waste

240 items

Startups that help tackle food waste along the food value chain.

S

Store management tech (In-store retail tech)

1,485 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

N

New Retail Formats

366 items

Tech-enabled, physical retail selling formats that reach beyond the walls of a traditional store.

F

Food & Beverage

120 items

Latest ZERO News

SK Invests in TerraPower to Accelerate Transition to Net Zero

Aug 16, 2022

SK Invests in TerraPower to Accelerate Transition to Net Zero Share SK Invests in TerraPower to Accelerate Transition to Net Zero By Jung Min-hee SK Group chairman Chey Tae-won SK Inc. and SK Innovation (collectively, “SK”) invest in a next-generation small modular reactor (SMR) developer in the United States, stepping up their efforts to reduce global carbon emission. The investment is likely to provide a boost to SK Group’s strategy for the early achievement of net-zero emissions as well as group-wide efforts to build a green energy portfolio in an initiative proposed by SK Group chairman Chey Tae-won. SK announced on Aug. 16 that SK and Bill Gates co-led US$750 million fundraising for TerraPower, a U.S.-based SMR developer. With the close of a US$250 million investment, SK has become a large shareholder of TerraPower, founded by Bill Gates. The equity investment will enable SK to join TerraPower’s nuclear reactor commercialization projects in Korea and Southeast Asia and supply carbon-free power, spearheading the shift to carbon neutrality. Founded in 2008 by Bill Gates, the co-founder of Microsoft, TerraPower is a leading nuclear innovation company with the capability to design sodium-cooled fast reactor (SFR), a type of advanced nuclear reactors. TerraPower’s Natrium SFR technology transfers the heat released from nuclear fission caused by high-speed neutrons to liquid sodium coolant, during which steam is generated and used to produce electricity. The Natrium SFR, a fourth-generation nuclear energy technology, offers significant improvements in safety and economic performance compared to the previous generation of reactors, which are currently in use. Natrium also employs molten salt energy storage, allowing the reactor to quickly change its power, thus making it ideal for operating with renewable generation sources. TerraPower is recognized as a leader in the advanced SMR sector with technologies to dramatically reduce nuclear waste and secure a high level of safety. In addition, TerraPower is building a demonstration reactor in the United States, partially funded by the U.S. Department of Energy’s Advanced Reactor Demonstration Program (ARDP), with a goal to begin operation in 2028. The transaction represents one of the largest-ever investments in a single company in the advanced nuclear power industry and will accelerate TerraPower’s development of innovative technologies and ongoing projects. SK's investment in TerraPower comes after a yearlong search for partners, since SK Group pledged to achieve a net-zero footprint as part of the global initiative to address climate change. In 2021, SK Group vowed to reduce 200 million tons of carbon emissions by 2030, which accounts for 1 percent of the global target, and has highlighted SMR as a competitive, safe, and carbon-free energy source. The longstanding commitment to carbon emission reduction and continued search for partnership opportunities have led to investments in a global energy pioneer, taking SK a step closer to completing its green energy portfolio. Aside from SMR, TerraPower also has technologies to produce the medical radioisotope actinium-225 (Ac-225). Ac-225 is one of the most promising radionuclide raw materials that is being incorporated into investigational products by drug developers for targeted alpha therapy (TAT), which can kill targeted cancer cells while sparing normal cells. SK is set to identify a wide range of business opportunities in the biopharmaceutical sector, from drug discovery to contract manufacturing organization (CMO), by leveraging synergies with biotech firms that it has invested in. “SK intends to amplify the synergies with TerraPower by bringing together TerraPower’s innovative, next-generation nuclear technology and production capability for therapeutic radioisotopes with SK’s diverse energy and biotech portfolios” said a SK spokesperson. Along with its investments in TerraPower, SK plans to continue its business innovation and technology development to contribute to reducing global carbon emissions. Kim Moo-hwan, executive vice president and head of Green Investment Center at SK Inc., said, “SK is excited to expand our energy, technology and bioscience investments with leading companies in the U.S. We are committed to supporting TerraPower’s global deployment of game changing products. We see important synergies in our businesses and this investment reinforces our strategic global carbon reduction goals.” “TerraPower is committed to solving some of the toughest challenges that face this generation through innovation,” said TerraPower president and CEO Chris Levesque. “Whether it’s addressing climate change with carbon-free advanced nuclear energy, or fighting cancer with nuclear isotopes, our team is deploying technology solutions and investors across the world are taking note.” POPULAR

  • When was ZERO founded?

    ZERO was founded in 2022.

  • Where is ZERO's headquarters?

    ZERO's headquarters is located at 2-20-6 Higashiueno, Taito-ku, Tokyo.

  • What is ZERO's latest funding round?

    ZERO's latest funding round is Seed VC.

  • How much did ZERO raise?

    ZERO raised a total of $740K.

  • Who are the investors of ZERO?

    Investors of ZERO include Sumiyoshi Fisheries, HAKUBA Photo Industry, Susumu Sakai and WAKI Planning.

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