The company is valued at over a billion dollars!

“Infarm”, a start-up based in Amsterdam, grows plants for indoor consumption, on shelves, and was recently estimated at over a billion dollars! This is the principle of vertical agriculture, which involves planting crops indoors. Read below in more detail what vertical agriculture is and whether it can be applied efficiently and profitably.

Vertical agriculture increasingly popular – © Pixabay

infarm“Is the first start-up for vertical agriculture in Europe, which has exceeded one billion dollars. Erez Galonska, co-founder and executive director of “Infarma”, points out that the current, established nutrition system is bad.

Vertical agriculture and the Infarm System provide a sustainable nutrition solution for a growing population. “And in a way that is much better for the planet and far more flexible in dealing with climate uncertainty and supply chain disruptions,” Erez said.

At the moment the company is growing 75 different types of herbs, salads and leafy vegetables. Next year plans to expand its portfolio with another 40 new crops including mushrooms, cherry tomatoes, peas and strawberries.

Although they have a lot advantages, critics of vertical agriculture farms say they consume too much energy and can be expensive to run. In addition, some forms are attributed to them pollution.

The principle of vertical agriculture flexible in dealing with climate uncertainty – © Pixabay

Vertical agriculture takes up less space and does not use pesticides

infarmove vertical farms they are housed in buildings that have an eye 10.200 square meters of growing space.

The company claims it can transform space sizes living rooms into an urban vertical farm that produces more than 500,000 plants a year. It is the equivalent of a crop on a football field.

Unlike conventional agriculture, Infarm’s vertical farms do not use pesticides. They also recycle water and nutrients and use the evaporated water of plants. As a result, they use 95% less land and 95% less water than land-based agriculture, Infarm claims.

Everything is very technical. Indoor farms are crowded sensor which are used to collect a huge amount of data on everything from temperature and humidity to levels nutrients in soil and crop growth rate.

Food without pesticides – © Pixabay

Infarm’s big plans

Infarm said he would take advantage capital to expand the use of its vertical farms in the United States, Canada, Japan and Europe, as well as to enter new markets in Asia-Pacific and the Middle East.

Investors in the last round financing included Partners in Equity, Hanaco, Atomico, Lightrock, Bonnier and Qatar Investment Authority. They will support the company’s expansion into Middle Eastern countries.

Infarm plans to open breeding center in Qatar, which has to import the vast majority of its food because of its climate, in 2023.

Source: CNBC


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