Proterra Investment Partners Asia, or known as Proterra Asia, has recently added 3 food & beverage assets to its China portfolio.
It took a majority interest of Zhonghong Biological Engineering Co Ltd, a manufacturer of nutritional supplements, just months before adding NOD Inc, a health beverage solutions company. Proterra Asia also took a stake in Wuan Chuang Arawana (Taizhou) Foods Industries Co Ltd, a soy sauce products maker.
NOD Inc is a health beverage producer under the brand ‘No Ordinary Drinks’ (NOD), a stevia-infused flavored water company based in Shanghai. The company has earlier this year successfully raised millions in its supplementary pre-A round to support its beverage launch across Southeast Asia and Europe. The new capital raised in NOD Inc led by Proterra Asia will be used to ramp up production and accelerate go-to-market activities for its 2 new product lines namely Sparkling Natural Fruit Juice and Tea Drinks, apart from its core proposition of Sugar-Free Flavored Waters. NOD Inc is using Singapore and Germany as launching pads into the 2 regions.
Proterra Investment Partners, spun out of Cargill, offers immense expertise in both upstream and downstream food and beverage-related industries.