Welcome to iGrow News, Your Source for the World of Indoor Vertical Farming
AmplifiedAg Inc. Completes $40MM In Capital Raise, Expanding Global Technologies And Vertical Roots Indoor Farms Across The Southeast
AmplifiedAg Inc.™, fast-growing agtech industry leader on a mission to provide global access to safe food, announced today that the company has completed $40 million in equity financing.
August 9, 2021
CHARLESTON, S.C., /PRNewswire/ -- AmplifiedAg Inc.™, fast-growing agtech industry leader on a mission to provide global access to safe food, announced today that the company has completed $40 million in equity financing. The funding will support the continued expansion of the company's world-leading hydroponic container farm, Vertical Roots and further development of the company's holistic operating system, AmpEDGE™, which uniquely combines environment monitoring and controls with business operations for end-to-end indoor farm management.
"Our demonstrated ability to scale our indoor farms and technology is leading to discussions with strategic and financial partners, and we expect to consummate additional financing later this year to further accelerate Vertical Roots' presence across the Country," said Don Taylor, CEO of AmplifiedAg.
Vertical Roots' rapid success exemplifies the time, profitability, operational growth efficiency, and superior product quality AmplifiedAg farms and technology achieve. In less than four years, Vertical Roots has grown to be the largest hydroponic container farm in the world growing multiple varieties of mature, fresh leafy greens. The company currently operates three farm sites in Charleston, S.C., Columbia, S.C., and Atlanta, Ga. with produce available at 1,700 major grocery stores across 12 states including retailers such as Publix, Harris Teeter and Whole Foods, as well as schools, universities, and restaurants.
The current round of funding will support the installation of farms in north and central Florida, extending Vertical Roots' dominant position as the leading CEA and vertical farming business in the southeast market.
AmplifiedAg implements a distinctive strategy to operate Vertical Roots farms directly at distribution facilities, eliminating a massive leg of produce transportation in order to reduce emissions and provide communities with fresh, locally grown produce. Vertical Roots current focus is on nutritious, mature lettuce varieties that are celebrated for their flavor, freshness and being 100% pesticide-free.
Taylor added, "We're dually focused to deploy Vertical Roots farms across the country as close to the point of consumption as possible, while advancing and expanding AmplifiedAg's global network of proven technologies and farms to others in the CEA industry."
About AmplifiedAg, Inc.
AmplifiedAg, Inc.™ is an agtech industry visionary on a mission to provide global access to safe food. The company manufactures indoor vertical container farms, hydroponic systems, and disruptive seed-to-sale SaaS-based technologies. AmplifiedAg provides holistic indoor farming solutions to sustainably grow and distribute food anywhere in the world.
AmplifiedAg owns and operates Vertical Roots, the largest hydroponic container farm in the World with produce in over 1,700 grocery stores nationwide. Learn more at www.amplifiedaginc.com. Growing Food for a Growing World.
VIDEO: SANANBIO Announces the Availability of its Unmanned Vertical Farming System UPLIFT to Global Growers
“Pour your seeds in the seeder and do nothing but expect fresh veggies to be harvested in a matter of days,” said Zhan Zhuo, co-founder, and CEO of SANANBIO. UPLIFT has been under tests in the last two years and proves to be commercially feasible and ready to be established as turnkey projects for worldwide growers
XIAMEN, CHINA, July 16, 2020--SANANBIO, one of the world’s largest indoor farming technology providers announces the availability of its unmanned vertical farming system, a.k.a. UPLIFT, to growers globally.
“Pour your seeds in the seeder and do nothing but expect fresh veggies to be harvested in a matter of days,” said Zhan Zhuo, co-founder, and CEO of SANANBIO. UPLIFT has been under tests in the last two years and proves to be commercially feasible and ready to be established as turnkey projects for worldwide growers. “It can produce 6-8 tons of fresh leafy greens every day on a farm of only 5,000 sqm. By stacking up layers higher than a traditional vertical farm, we can best utilize the space to increase the yields. With the same farm size, UPLIFT’s productivity is 6 times of a 6-layered vertical farm.
The increased yield means a lowered cost, which in turn makes our produce affordable to more people. We’ve also upgraded our water circulation system so that 60% of the water can be absorbed by plants and the remaining 40% recycled. This fact is especially meaningful for the regions of the world that struggle with water shortages and harsh agricultural conditions.” said Zhan.
UPLIFT uses PlantKeeper, a proprietary indoor farming management system, to control and monitor environmental factors so farm operators can be updated with real-time growing conditions throughout the farm. By using simple and proven robotics and conveyor systems, UPLIFT automates seeding, transplanting, harvesting, plant transporting, and system cleaning, reducing labor intensity to its lowest.
“We’re phasing out manpower to make our produces available for more people. So we can say that UPLIFT is unmanned for humanity,” said Zhan.
About SANANBIO
SANANBIO is a joint-venture by Sanan Optoelectronics, one of the world’s largest LED manufacturers, and the Institute of Botany of Chinese Academy of Sciences, China’s leading institute in plant science. Comprised of LED experts and plant scientists, SANANBIO is able to provide simple indoor farming solutions for global growers. The RADIX, a patented vertical hydroponic system, has been widely endorsed by growers in more than twenty countries.
“We’re phasing out manpower to make our produces available for more people. So we can say that UPLIFT is unmanned for humanity,” said Zhan.
To learn more about UPLIFT, please contact SANANBIO at global@sananbio.com or visit its LinkedIn page https://www.linkedin.com/company/fujiansanansinosciencephotobiotechcoltd.