Vertical farms supersize their ambitions
After witnessing a crop of failures that struggled with money and scale, the indoor farming business is picking up momentum in a bid to better compete against traditional farms in freshness and yields while avoiding forces of nature, from pests to drought.
Recent announcements by several indoor farming startups reflect this ambition. California-based Crop One just announced a $40 million joint venture with Emirates Flight Catering to build one of the largest vertical farms in the world. The new farm, set to be completed in December 2019, would rise up in Dubai and harvest 6,000 pounds of leafy greens per day.
The project is a major coup for Crop One, which is running one farm near Boston and selling its harvest to markets and other retailers locally through its brand FreshBox Farms. The joint venture also gives the venture-funded company a chance to show it can scale up and serve customers beyond markets and restaurants, the two common outlets for indoor farms…
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