Thelumicup
A Whole New Way To Drink Responsibly.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Seed | |
| Total Funding | 000k | ||
Lumi, operating under the brand TheLumiCup, is a company focused on disrupting the disposable beverage packaging sector by offering an alternative to single-use plastic. Founded in 2021 by Co-Founder and CEO Kevin Diamond, the firm was established to address the environmental impact of the 500 billion plastic cups used globally each year. After a period of intensive research and design engineering, the company successfully closed an oversubscribed seed funding round in September 2023, with initial investors including Innovent Group, LLC, Hydra Group, LLC, and Responsibly Fund, LP.
The company's core business revolves around the manufacturing and sale of the LumiCup, a disposable cup made from aluminum. This material choice is central to the company's value proposition, as aluminum is endlessly recyclable with no loss of quality, and nearly 75% of all aluminum ever produced is still in use today. The business targets the hospitality, entertainment, and travel & leisure industries, offering a product that provides the convenience of a single-use item with a reduced environmental footprint. Shipments to these sectors began in early 2024. The business model likely involves both direct B2B sales and bulk orders, with options for custom branding available.
The primary product, the LumiCup, is engineered to be the lightest disposable aluminum cup on the market. It is designed to be stackable and compatible with standard-size lids, mirroring the convenience of traditional plastic cups. A key feature is its thermal conductivity; the aluminum construction allows the LumiCup to keep beverages cold for a significantly longer duration compared to plastic. The cups are available in 9 oz., 12 oz., and 16 oz. sizes to accommodate various cold beverages. Expanding its product line, Lumi also plans to introduce the "LumiKin," a 2oz. aluminum ramekin designed to replace single-use plastic sauce containers.
Keywords: aluminum cups, disposable packaging, sustainable beverage solutions, single-use plastic alternative, recyclable cups, eco-friendly packaging, hospitality supplies, event supplies, travel and leisure packaging, B2B packaging, Kevin Diamond, LumiTerra Inc., beverage packaging, custom branded cups, lightweight cups, cold beverage cups, aluminum ramekin, food and beverage packaging, environmental sustainability