New York based food tech startup The Numilk Company is seeking expansion to roll out its vegan milk vending machines across North America. Founded in 2017, the vending machines have been further developed to produce any plant-based milk and are now ready for mass production.
The machines utilize a milling system and are equipped with water filters that remove sediment and carbon and they also contain built-in cleaning systems. Each machine can be tailored to the demands or preferences of its specific location. The machines are internet-connected and so can be controlled and updated by Numilk via remote access and The Fountain model allows Numilk to immediately adjust to changing consumer and market demands.
Numilk’s own internal data has evidenced that the machines have already seized the in-store market share from packaged non-dairy competitors, comprising as much as 30% of the category in some locations. The Numilk Company has raised roughly $10 million in financing from individual investors and has brought in talent from both the beverage and the tech industries.
CEO Ari Tolwin states: “In my mind, the three biggest trends in the entire food space are freshness, sustainability and plant-based. We’re very well positioned to take advantage of those three things.”