The Series A funding will be used to scale TRACT’s operations globally, enhance its platform capabilities, and expand its customer base across the agri-food sector.
The lab bakes approximately 30 loaves of bread daily, enabling ADM to evaluate flour quality and make decisions that ensure the highest standards for its customers.
The new electric trucks, powered entirely by certified renewable energy (REGOs), produce zero emissions during operation and are expected to reduce carbon dioxide emissions by approximately 95 tonnes per truck annually.
The venture will be majority-owned by Alltech and overseen by a board with
equal representation from both partners.
Hungary, one of Europe’s leading producers of sunflower seeds, was selected for its strong agricultural base and rising demand for sustainable sourcing.