Vertical greenhouse manufacturer iFarm will launch farms in Saudi Arabia, the UAE and India. According to the company’s technologies, greenhouses are being built in Riyadh and Dubai. A farm in the UAE can be estimated at about €1.5 million. The first greenhouse should be commissioned in September.
The manufacturer of vertical farms iFarm is being built in Saudi Arabia, the UAE and India, reports vc.ru . In particular, the company’s technologies are used to build greenhouses in Riyadh and Dubai. The first one, with an area of 2.5 thousand square meters, should be handed over in September. It will bring about 23 tons of products monthly.
The second farm, with an area of 746 sq. m, will be commissioned at the end of 2022. Also, the launch of a strawberry vertical farm in Mumbai, India, is planned for the end of the year. By 2023, iFarm will also launch a strawberry vertical farm in the city. After the completion of construction, the greenhouses will be handed over to customers.
iFarm will provide customers with the Growtune SaaS platform for business management. The cost of the projects is not disclosed, but according to calculations via a calculator on the website, a farm in the UAE can be estimated at €1.5 million. iFarm is also negotiating a vertical greenhouse in Qatar in partnership with the private farming company Agrico Organic Farm.
In 2017, iFarm was founded by Alexander Lyskovsky, Maxim Chizhov and Konstantin Ulyanov in Novosibirsk. The platform allows small and medium-sized businesses to quickly launch the production of organic products in an urban environment. Greenhouses are located in warehouses, factory workshops, basements and on the roofs of buildings.
The process of growing salads, berries and vegetables is controlled by sensors and automated equipment. The greenhouse is open all year round. The payback period of the farm is three to five years.
In 2019, iFarm started growing greens in the “Abc of Taste”. The company’s farms are also installed in the stores of Lenta, Bakhetle and other chains. In 2020, iFarm raised $4 million from Gagarin Capital, Matrix Capital, Impulse VC and other investors.
Since 2019, the company’s head office has been located in Finland. iFarm also has projects in France and Switzerland. According to the “Contour. Focus”, the revenue of the Russian distributor iFarm LLC “Urban Greenhouses” in 2021 amounted to 113.5 million rubles, net profit — 49.8 million rubles.
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In September, the Krasnodar startup for the production of robot furnaces Qummy raised $ 3.6 million for expansion in the UAE and the USA. The company produces ovens for “smart” cafes without cooks and kitchens. Qummy cooks food in factory kitchens, after which it freezes dishes using its own “smart ice” technology. Customers only need to reheat food in a smart oven.
A source: https://incrussia.ru/