ZELP Ltd Company Profile
Background
ZELP Ltd is an agricultural technology company founded in 2017, headquartered in London, United Kingdom. The company's mission is to develop and scale technologies that support food security, environmental sustainability, and animal welfare.
Key Strategic Focus
ZELP focuses on creating innovative solutions to measure and reduce methane emissions in the livestock industry. Their primary objective is to mitigate the environmental impact of livestock farming by developing wearable technologies for cattle that target methane exhalations. These devices not only reduce emissions but also collect valuable data to enhance animal welfare and optimize returns across the agricultural value chain.
Financials and Funding
As of June 30, 2024, ZELP reported cash in bank of £1.67 million, current assets totaling £2.80 million, and shareholders' funds amounting to £9.32 million.
The company has secured significant funding to support its initiatives:
- March 2023: Received a $4.8 million grant from the Bill & Melinda Gates Foundation to advance its AI-driven methane reduction technology.
- November 2024: Raised £4.9 million in a funding round to scale production and expand research and development efforts.
Pipeline Development
ZELP's flagship product is a methane reduction wearable designed for cattle. This device targets methane exhalations, reducing their impact by a factor of 85. It also gathers statistical data to improve animal welfare and returns throughout the value chain. The company is focused on scaling production and enhancing the device's capabilities to support farmers in improving productivity, efficiency, and animal welfare.
Technological Platform and Innovation
ZELP's proprietary technology includes:
- Methane Reduction Wearable: A device that captures and oxidizes methane emissions from cattle, converting them into less harmful substances.
- Animal Monitoring System: A system under development to provide farmers with data to improve animal health and welfare.
Leadership Team
- Francisco Norris: Co-Founder & Chief Executive Officer.
- Patricio Norris: Co-Founder & Chairman.
- Tom Gundry: Chief Technology Officer.
- Melissa Renteria: Chief Operating Officer.
- Maros Smolak: Finance Manager.
Leadership Changes
- April 2023: Craig Dalton appointed as Director.
- January 2023: Marcus Remmers appointed as Director.
- April 2023: Craig Shapiro resigned as Director.
Competitor Profile
Market Insights and Dynamics
The global livestock industry is a significant contributor to methane emissions, a potent greenhouse gas. There is a growing demand for technologies that can mitigate these emissions to combat climate change and promote sustainable agriculture.
Competitor Analysis
Key competitors in the methane reduction technology space include:
- Mootral: Develops feed supplements to reduce methane emissions from ruminants.
- DSM: Offers feed additives aimed at reducing enteric methane emissions.
- Agolin: Produces plant-based feed additives to improve animal performance and reduce methane emissions.
Strategic Collaborations and Partnerships
ZELP has established significant partnerships to strengthen its market position and innovation capacity:
- Cargill: Partnered to distribute methane reduction devices for dairy cows.
- ABP Food Group: Collaborated to develop a face mask for cows that converts methane emissions into carbon dioxide and water.
- Danone Manifesto Ventures: Invested in ZELP to support its methane reduction technology.
Operational Insights
ZELP's strategic considerations include:
- Market Position: Establishing itself as a leader in methane reduction technologies for livestock.
- Competitive Advantages: Proprietary wearable technology that significantly reduces methane emissions and collects valuable data for farmers.
Strategic Opportunities and Future Directions
ZELP's strategic roadmap includes:
- Scaling Production: Increasing the manufacturing capacity of its methane reduction devices.
- Research and Development: Enhancing the capabilities of its technologies to provide more comprehensive solutions for farmers.
- Market Expansion: Entering new markets to broaden the adoption of its technologies.
Contact Information
- Website: www.zelp.co
- Headquarters: London, United Kingdom
- Email: contact@zelp.co
