Vertical farming is a type of agriculture where crops are grown in vertically stacked layers in a controlled environment. It offers many advantages over traditional farming, such as using less land and water and producing higher crop yields. Vertical farming is still a relatively new concept, but there are a number of companies that are leading the way in this exciting field. Here are five of the top vertical farming companies to watch.
AeroFarms is an indoor vertical farming company based in Newark, New Jersey. It produces nearly two million pounds of leafy greens per year. Its Newark facility has attracted the attention of nutrition officials around the world. The company is aiming to address global nutrition problems by developing ways to improve crop production and plant nutrition. It has plans to expand its facilities beyond Newark.
AppHarvest is a vertical farming startup that specializes in growing fruits and vegetables indoors. It has recently acquired AI-engineered farming robots and has announced partnerships with leading grocers. The company's latest financing round will help it to grow more crops. It generated $9.1 million in revenue for 2021 and $122 million in EBITDA by 2025. It will also use the funds for expansion and general corporate purposes. AppHarvest is one of the few public companies that have obtained a certified B Corporation status, which focuses on the company's impact on the world.
AppHarvest has experience with mega greenhouses and is now trading on the NASDAQ under the symbol APPH. AppHarvest is the first publicly traded agriculture technology company. It sells sustainable vegan salsas and vertically-grown tomatoes online and in stores. It is a vertical farming company that cultivates healthy plants using up to 90% less water and the power of the sun for a reliable indoor crop and uses a hydroponic system to drip nutrients directly into the plants.
Plenty is a company that has been in the vertical farming industry for quite some time. They retail produce, including kale and other greens as well as exotic herbs to customers across North America through their distribution channels. They are also planning within the next six years, to build the worlds largest indoor vertical farm campus in Virginia.
The company has raised $941 million to date, Plenty is one of the most successful companies in terms of funding.
Kalera is a vertical farming company based in Orlando, Florida. The company has attracted the attention of investors including former U.S. Secretary of Agriculture Sonny Perdue, who has invested in the company. The company and Agrico merged and went public on the NASDAQ market during Q2 of 2022.
The deal is expected to help Kalera expand its technology and facilities. The company is projected to increase its production capacity twelvefold in 2022. While the company is flying under the radar, its growth plans seem to be promising.
If you're interested in growing your own food without soil, you've probably come across the company Mirai. This vertical farming company makes tower gardens and aeroponic systems that integrate vertical farms into urban settings, including schools, veterans' homes, and urban youth centers. Its technology uses aeroponics to mist the roots of the plants, allowing them to grow quickly, and have a minimal environmental impact. The company also offers robotic systems to grade plant stems and cut branches.
The company Mirai Group, based in Japan, uses a high-tech system to produce fast-growing plants and efficiently use resources. The company claims that its methods reduce waste and water usage by up to 99 percent. In fact, their system is 100 times more productive per square foot than conventional methods. It has already established itself in several cities in Japan, producing over 10,000 heads of lettuce daily. It has also started a project in Korea.