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Sign upToo Good To Go
Business to consumer platform aiming to fight food waste
- Use Case
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- About Company
Too Good To Go
Business to consumer platform aiming to fight food waste
Label Date
August 5, 2020
From
Denmark
Maturity stage
TRL 9 / CRI 5-6 - Market competition driving widespread deployment &/"Bankable" grade asset class
For a myriad of reasons, it’s near-impossible for food businesses to know how much surplus they will have at the end of the day, and which items they will be. All the while the issue of food waste is a great challenge in solving the climate crisis. Too Good To Go's innovative and scalable smartphone app acts as a marketplace for this surplus food and connects food suppliers with consumers willing to purchase the food in advance and collect at a specified time. This can range from bakeries that need to bake fresh every day to supermarkets that have groceries that weren’t sold and restaurants that didn’t sell all the food they had catered for that day. Since launching the app in 2016, more than 37.5M meals have been saved, representing up to 77,000 tons of CO2.
The Environmental Benefits
- •From the moment the first meal was saved through the app, 77,000 tons of CO2e emissions have been saved
The Financial Benefits
- •Offers an alternative B2C marketplace for food, allowing for additional revenue and reaching new customers instead of paying for the removal of the food.
- •Can help to recover between 30-40% or the retail value of final products which would have been declared as lost
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Company Profile
Too Good To Go
Too Good To Go fights food waste by connecting customers with suppliers that have unsold, surplus food.
Headquarters
2100 København Ø, Denmark
Type
Company
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Complementary solutions
Jan 2019
Use case available
KITRO
Simplifying food waste management for commercial kitchen
- Agrifood & Natural Environment
- Utilities (Water, Energy, Waste)
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Too Good To Go has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.