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TerViva – a California-based firm seeking to commercialize ingredients from low-input, high-yielding Pongamia trees – aims to have commercial quantities of golden buttery oil available by mid-2022, with ‘highly soluble’ protein isolates to follow in 2023.
Founded in 2010 by Naveen Sikka, Maggie Kavalaris, Anne Slaughter, and Joe Andrew,
TerViva is on a mission to shift Pongamia from a niche source of ingredients used in Ayurvedic medicine to a major food crop competing with the likes of soy and palm. It has raised more than $30m to date and is currently raising additional funds as it gears up for launch, SVP products & processing Dr Jim Astwood told FoodNavigator-USA.