UPDATE: Memobottle, the innovative Australian company known for its unique rectangular water bottles, has just reported a staggering revenue of $7.62 million with a growth rate of 16%. Founded in 2014 by Jesse Leeworthy and Jonathan Byrt, this Melbourne-based business is making headlines with its remarkable expansion into over 100 countries and partnerships with more than 2,000 retailers worldwide.
Memobottle was born out of a desire to combat the environmental issues posed by traditional plastic bottles. Leeworthy and Byrt identified two major shortcomings in conventional designs: they roll away when tipped and contribute significantly to landfill waste. Their solution—a flatter, rectangular bottle that fits seamlessly into bags—has revolutionized the consumer goods market.
The surge in demand for Memobottle products comes after the challenges faced during the COVID-19 pandemic, which forced many retail partners to close. In response, Memobottle quickly pivoted to focus on direct-to-consumer (D2C) e-commerce, establishing a presence on platforms like Amazon and forming crucial corporate partnerships. This strategic shift has proven successful, allowing Memobottle to thrive even in uncertain times.
As the company continues to grow, it has committed to attending trade shows and investing in influencer collaborations. Notably, Memobottle has partnered with global brands like Spotify and luxury carmaker Bentley, further solidifying its standing in the competitive consumer goods industry.
Looking toward the future, Memobottle fans can expect an exciting range of new products. The company has plans to expand its offerings to include coffee cups and other reusable items. To facilitate this growth, Memobottle aims to onboard more international distributors, enhancing its reach in both D2C and wholesale channels.
The goal? To become the go-to brand for reusable consumer goods with a unique aesthetic flair. With its commitment to sustainability and innovation, Memobottle is not just a brand; it’s a movement.
Stay updated on the latest developments from Memobottle as it continues to lead the charge in environmentally friendly consumer products. This is a brand to watch, and its journey is just beginning.
For more information, visit memobottle.com.au.
