Startups Sustainability

Volare Raises €26M to Scale Insect Protein Production, Offers Sustainable Feed Alternative for Poultry and Aquaculture

Pori, Finland – In a move that could reshape the future of protein sourcing, Finnish biotech startup Volare has raised €26 million (US$29 million) to construct an industrial-scale insect protein production facility and expand its zero-waste, fossil-free technology platform.

Volare’s process uses black soldier fly larvae (Hermetia illucens) to convert food industry byproducts into three valuable resources: protein, oil, and organic fertiliser. The approach addresses two significant challenges: food waste and Europe’s reliance on imported protein, as it currently produces only 34% of its high-protein feed inputs.

Sustainable Feed: A Global Issue with Local Relevance

While the facility is based in Finland, Volare’s innovation has far-reaching implications, including for India’s dairy and poultry feed sectors, which continue to face challenges such as rising soybean prices, import dependency, and land-use constraints.

For India’s dairy cooperatives and integrators, the success of such a model offers insight into alternative protein sources that could enhance feed efficiency, nutrient density, and climate resilience. This is especially timely amid discussions around green dairy practices and sustainable feed solutions.

“Volare was founded on the vision that protein can – and must – be produced in a radically more efficient and sustainable way,” said Tuure Parviainen, Co-founder and Chief Science Officer.

Volare 01 Facility: Designed for Energy Efficiency at Scale

The new facility, named Volare 01, aims to be the world’s most energy-efficient protein plant. Highlights include:

  • 30% lower energy usage in processing
  • 50% reduction in energy for hygienization
  • Protein output equivalent to 200 million Baltic herrings per year, representing 18% of Finland’s total commercial fish catch (in protein terms)

The emissions from Volare’s insect protein are 4–8 times lower than soy and fishmeal, traditional feed components in both poultry and aquaculture.

Commercial Applications Already Underway

Volare has secured a long-term offtake deal with Skretting, a global aquafeed leader. It’s also involved in a 150,000 kg insect-fed rainbow trout pilot in collaboration with Alltech Fennoaqua and others. With rising demand for fishmeal substitutes, the model is expected to be replicated in Norway and beyond.

Leadership and Future Expansion

Volare announced a strategic leadership shift, appointing Jarna Hyvönen as CEO from June 2025. Parviainen will transition to a focused R&D role. The Pori facility is envisioned as a replicable template for Northern Europe and potentially other protein-deficient regions.

“This is the most efficient way to produce protein, using nature’s bioreactor and cutting-edge technology,” said Hyvönen. “It’s a win for food security, the environment, and future farming systems.”

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