Guilt-Free Coffee Company Taking on Nespresso & Keurig | NEXE Innovation
NEXE Innovation Inc (OTCMKTS:NEXNF, CVE:NEXE) is saving the planet from 50 billion+ plastic coffee pods being dumped into landfills each year. Society loves quick coffee to the point where 400 Nespresso and Keurig pods are being dumped into the garbage every second. NEXE not only owns the only patented, fully compostable, plant-based, single-serve coffee pods for use in leading single-serve coffee machines, but they also make a good cup of your favourite caffeinated beverage.
“The industry is ready for disruption. We know what gives us a competitive advantage with our pods with volume and I think that will drive a large chunk of the customer base towards our pods” – NEXE Innovation President Ash Guglani
NEXE recently announced it had installed proprietary equipment to assemble its compostable Nespresso-compatible pods and will start production in early Q3 2021. The company aims to grow capacity to about 200 million coffee pods by the end of this quarter.
Nespresso and Keurig both have recycle programs, but it is a tedious process. NEXE pod is made from plant fibre, compostable polymers, and other compostable materials, with a bamboo casing and can simply be tossed into a green bin once finished brewing. The pods are said to be fully broken down within 35 days in municipal compost.
“It’s great to have a compostable pod but we can actually make a great cup of coffee – you’ll be happy to see it doest taste like mud water. We’ve nailed extraction. Especially using our materials. We are able to get more volume into our k-cup and that’s one of the big drivers and why we got a lot of attention for our technology” – NEXE Innovation President Ash Guglani
Watch the full interview to see how NEXE Innovation has reinvented single-use coffee pods, its revenue goals and scalability of the business, and the patented technology used to create its pods.
00:47 – Overview of NEXE business
01:23 – How NEXE has repurposed Keurig and Nespresso pods
02:38 – Capital raise & revenue model
03:43 – Corporate relationships
04:55 – Economics of compostable coffee pods
05:35 – Scaling business
06:30 – Competitive landscape
07:14 – Timeline to profitability
07:39 – IP on technology & products
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