I agree this appears to be a clueless VC ripoff. However, do you recall how much bad-faith handwringing there was in the days of COVID vaccines about how incredibly difficult it was going to be to ship and store the vaccines, because they had to remain cool? As if styrofoam and thermometers were alien tech.
Vaccines required -40c temperatures, which most general purpose refrigerated transportation did not manage. Sure medical stuff already manages that in small amounts, but the COVID vaccine required population sized scale.
It was a very minor problem. They got help from the folks who own Dippin' Dots, who had made a business out of exactly that problem 3 decades ago, and some research that put more confident bounds around where and when in the distribution you absolutely needed specialty refrigeration.
Fun tangeant, Dippin Dot's as a business basically died, because nobody in the 90s was willing to pay $8 for a mildly interesting physical form of ice cream. The company managed to reinvent itself as a service provider of novel food modification techniques for bigger food production companies. They sold tech/solutions/services to make flash frozen tiny drops of fats and oils that could be mixed into things like vegetarian burger patties to make them have better mouthfeel.
They still sell Dippin Dots stuff, and in classic venues, like Kennedy Space Center, it's still $8, and it's still hella not worth it, despite the inflation between then and now.
