|Legal Name:||Copa Di Vino, LLC|
|Headquarters Regions:||Dalles, Oregon, USA|
|Number of Employees:||200+|
|Area served:||United States of America|
|Products of Company:||leading producer of premium wine|
|Net Worth in 2023:||$70 Million|
Travelling is fun, and it is the easiest way of learning new things in life. If you are a fun of travelling, you will realize that you always come up with great ideas every time you have an opportunity of airing up your views. The secret of being open-minded is travelling and being ready to learn new things everywhere you go.
This is because, different people and communities have different ways of doing things and conducting themselves. Although some of these ways might not be applicable in any other community, some can be utilized and turned into great business ideas in a totally new community.
For you to get a business venture in the most unexpected area demands cooperation and being keen. If you ask James Martin, he will explain this better to you than any other person out there. This is because, his company Copa Di Vino was born when he was travelling to the South of France. Martin discovered this concept on a bullet train and he kept it in his heart.
One year later, he felt it was the right time to implement the idea in his hometown (The Dalles) which is near the Columbia River Gorge. It is his passion for wine which led to the creation of his company Copa Di Vino or wine in a glass. This is a ready-to-drink wine glass that needs no bottle, glass or corkscrew if you need to take it anywhere.
Well, how well do you know about Copa Di Vino? If not much, here is what we know about Copa Di Vino to date.
With Copa Di Vino Wine on the glass, your wine is just within reach. Apart from enjoying travelling in a train, Martin was also lucky to see beyond the adventurous train ride. He had an opportunity of meeting the creators of single-glassed wine and after some considerations, he decided to partner with them.
At the time, the French creators had already started the process but since it was far from perfect it was easier for them to incorporate Martin. Initially, they were only able to produce small runs that had issues with shelf life. However, this was not an enough reason to make them give up. They were determined to excel in the business regardless of the various challenges they faced.
Apart from the shelf life challenge, packaging of the wine was also another major challenge they had to deal with. This is because, their idea was to package the wine by the glass unlike the usual bottle packaging. Although this was a unique way of doing things, it countered and optimized the oxygen effects on the wine. When you package wine by the glass, there are a few things you need to consider including variations from headspace to shelf life to plastic vs glass.
The long necks you see on wine bottles are not there by chance or design, there is a reason to it. Therefore, this was something that Martin and his business partners had to put in mind when considering the packaging of their wine. A long headspace means less exposure to air and oxygen and this also lowers the oxidation impact that results to high exposure to oxygen.
One of the easiest ways of reducing oxygen and its negative effects in your wine is by adding sulfur dioxide as it is known to effectually absorb the oxygen. In addition to this, Sulfur dioxide is a great antimicrobial which increases the shelf life of your wine.
If you add sulfur dioxide on bottled wine, you need to ensure it stays out of the market for 90 days to give sulfides time to settle out. This means it gives your wine longer shelf life. Unfortunately, this cannot be used on Copa Di Vino as it is prepared to meet demand at a closer level and is expected to be out of the market within 12 months.
Therefore, adding sulfides to the wine would one be a waste and secondly, they’re more likely to give your wine a negative impact. This therefore led them to coming up with another idea of minimizing oxygen from the wine and modified atmosphere packaging was the best option.
The oxidation of the wine is dealt with by the vacuum according to James Martin. This made it possible for them to transport the wine over long distances without incidences where the seal is blown away by oxidation. However, during high altitudes or when transporting the wine to clients living in high altitude areas, they still have to come up with better ways of dealing with the challenge.
Awards and Nominations
An idea that was born out of love and passion that James had about wines led to the birth of what has now become the second-largest winemaking company worldwide. This is a title that James is always proud of and protects with his entire being. Through his innovation, he has also made it possible to come to carry wine at beaches, camping grounds, golf courses and other outdoor activities thanks to their 100% recyclable plastic packaging.
Net Worth & Earnings of Copa Di Vino in 2023
For the past three years, Copa Di Vino has been ranked as the second-largest wine making company. As a result, they are also reporting great sales and profit which has increased their net worth to $70 million as of 2023. This is expected to rise even higher as the company’s sales continue rising.
James Martin’s passion and the love he has for Copa Di Vino is so great that he has twice refused offers from the Shark Tanks investors. According to him, he is not ready to split the patent from his company as it would be like selling his soul.