Across the U.S., top vertical farms are making their biggest push ever to scale up. In downtown San Francisco, vertical farm Plenty says its newest farm will be able to serve over 100 grocery stores.
- Leafy salad greens grown under banks of LED lights, with mist or drips of water are having their day in the sun. Several top U.S. indoor farms, stacked with plants from floor to ceiling, tell Reuters they are boosting production to a level where they can now supply hundreds of grocery stores.
The companies’ expansion comes as plant-based burger makers Beyond Meat Inc and Impossible Foods captivate investors and make inroads in high-end restaurants and fast-food chains. Plenty’s salads sell on organic grocery delivery site Good Eggs for 99 cents an ounce, while a leading brand, Organic Girl, on grocery chain Safeway’s online site was priced at 80 cents an ounce.
The technology world is paying attention. In its last round in 2017 Plenty raised about $200 million from investors including Japan’s Softbank, Amazon founder and CEO Jeff Bezos and former Alphabet Chairman Eric Schmidt. New York City-based Bowery raised $95 million in a fund-raising round led by Google Ventures and Temasek last year.
80 Acres Farms in Cincinnati says it already grows and sells tomatoes and cucumbers, and Plenty is testing cherry tomatoes and strawberries in the lab.
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