SAN FRANCISCO — San Francisco startup Plenty specialized in vertical farming has secured $200 million from investors including Japanese media corporation SoftBank, the parent company of Google, Alphabet and Amazon.
Plenty grows their plants vertically on the sides of a tall tower. Lights are also arranged vertically to give the plants maximum amount of exposure.
The vertical farm can grow up to 350 times more produce than conventional farm in the same amount of space, using less water too, Fast Company reported.
According to the BBC, the firm is planning on building indoor vertical farms with the size up to five acres, which is roughly the size of big supermarkets like Walmart. The facilities will be built next to large cities in order to reduce the amount of delivery time.
„We believe that Plenty’s team will remake the current food system to improve people’s quality of life,“ Masayoshi Son, chief executive of Softbank Group said in a statement.
Plenty was founded in 2013. It now has 100 employees in San Francisco and Wyoming. The firm plans to supply its vertically grown food to market this fall.
The firm is not the first nor the only firm specializing in vertical farming. Other firms such as Aerofarms, Bowery and Betterlife Growers are all promoting this innovative farming technology.
Go to https://www.patreon.com/tomonews and become a Patron now
TomoNews is now on Patreon and we’ve got some cool perks for our hardcore fans.
TomoNews is your best source for real news. We cover the funniest, craziest and most talked-about stories on the internet. Our tone is irreverent and unapologetic. If you’re laughing, we’re laughing. If you’re outraged, we’re outraged. We tell it like it is. And because we can animate stories, TomoNews brings you news like you’ve never seen before.
Visit our official website for all the latest, uncensored videos: http://us.tomonews.com
Check out our Android app: http://bit.ly/1rddhCj
Check out our iOS app: http://bit.ly/1gO3z1f
Get top stories delivered to your inbox everyday: http://bit.ly/tomo-newsletter
See a story that should be animated? Tell us about it! Suggest a story here: http://bit.ly/suggest-tomonews
Stay connected with us here:
Twitter @tomonewsus http://www.twitter.com/TomoNewsUS
Instagram @tomonewsus http://instagram.com/tomonewsus
Immobilienmakler Heidelberg Makler Heidelberg
Der Immoblienmakler für Heidelberg Mannheim und Karlsruhe
Wir verkaufen für Verkäufer zu 100% kostenfrei
Schnell, zuverlässig und kompetent