Grove SPAC Presentation Deck
$ million, unless specified otherwise
$700
Note:
I. Unaudited management estimates
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A History of Doing Well By Doing Good
We Use Our Connection with Consumers to Build Authentic, Disruptive Brands
2012
Company founded as
ePantry, based on selling
natural 3P products
2014
B Corp
Certification achieved
Revenue
-Gross Margin %
0%
$0 (1)
2012A
2015
Launched our first
Grove Brand product
2016
Changed name to
Grove + focus on
brand building
33%
$7 (1)
2016A
2018-2020
Opened 3
scale FCs
48%
2018
$100MM+ in sales
$364
2020A
2019
Committed to
zero plastic by
2025
2020
100% Carbon
neutral + 100%
Plastic neutral
56%
$647
2024E
IH
2021
Launched Beyond Plastic
collection of Cleaning at
Target in 100% of U.S. doors
60%
50%
40%
30%
20%
10%
0%
IH
2022
Merge with VGII
(projected)
2021
Certified Climate neutral
10 %View entire presentation