Divert announced a strategic partnership with Mitsubishi Corporation, which includes a Series C investment led by Mitsubishi and establishes a new model for scaling circular economy infrastructure across North America.
The partnership combines strategic capital investment with a renewable natural gas offtake agreement, advancing Divert’s valuation to over $1 billion and reinforcing its position as a leading platform in the organics resource recovery industry.
As part of the agreement, Mitsubishi has made an equity investment in Divert and secured preferred offtake rights for renewable natural gas generated through Divert’s operations. The companies will also collaborate to expand access to renewable natural gas in global markets, including Japan, leveraging Mitsubishi’s international energy platform.
The partnership comes amid increasing regulatory pressure, rising energy costs, and growing demand for decarbonization solutions. Divert’s platform addresses these challenges by helping food retailers and manufacturers reduce waste, improve operational efficiency, and recover value from unsold food through donations, renewable energy production, and nutrient recovery.
Divert operates at the intersection of food, logistics, agriculture, energy, and carbon markets, using data-driven infrastructure to prevent waste at the source and convert surplus food into renewable energy and agricultural inputs. The company’s integrated model supports compliance efforts while contributing to sustainability and resource efficiency goals.
Mitsubishi brings more than five decades of experience in energy markets, including the development and operation of gas-related businesses in the United States. The collaboration is expected to create synergies that support stable energy supply and accelerate the transition toward a lower-carbon economy.
The partnership also introduces a new financing and operating model for the sector by combining infrastructure investment with long-term energy offtake agreements, enabling more efficient scaling of circular food systems and renewable energy production.
Divert is backed by Ara Partners, a private equity and infrastructure firm focused on industrial decarbonization, and continues to expand its national footprint through investments in technology and infrastructure.
KEY QUOTES:
“This partnership reflects the maturity of Divert’s platform and the value we deliver to customers every day. We have built a proven model that solves real operating challenges for food retailers and manufacturers, and creates value through food donations, renewable energy production, and nutrient recovery. MC recognized Divert as a disciplined infrastructure platform with proven results, strong operating capability, and a clear path to continued scale.”
Ryan Begin, CEO and Co-Founder, Divert
“We are focused on building businesses that strengthen resource resilience, support stable energy supply, and create long term value through practical decarbonization. Divert has built a compelling platform at the convergence of food, energy, and circularity. Its proven operating model, strong customer value proposition, and ability to recover value from discarded resources made this a strategic opportunity for us.”
Shinya Naka, Senior Vice President, Division COO, Europe & Next-Generation Energy Division, Energy & Power Solution Group, Mitsubishi Corporation
