The Texas indoor farm would be the startup’s third climate-controlled, solar-powered facility that grows produce sustainably and locally. CEO Mark Schulze says Revol’s high-tech greenhouses will make it the largest producer of indoor lettuce by the end of 2021.
Revol Greens announced today it closed a $68 million funding round, bringing the fast-growing company’s total financing to $215 million as it executes on its strategy of five locations in five years.
Minnesota-based Revol Greens has closed a $68m funding round led by Equilibrium Capital — bringing the company’s total financing to $215m — to launch a third lettuce greenhouse facility in Texas, which will bring its total annual output to 33 million pounds of greens able to reach one-third of the US population within 24 hours of harvest.
Once overlooked as a viable alternative to the growing issue of providing food for an ever-populous world, Controlled Environment Agriculture (CEA) has gained much traction as of late, especially since COVID-19 has highlighted the vulnerability of the current ag supply chain.
Imagine yourself in a modern finishing barn. However, instead of livestock, you see leafy greens stretching the length of seven and a half football fields.
Mark Schulze is overseeing a “five facilities in five years” plan to develop additional regional greenhouses around the country.
The pandemic-induced pause in greenhouse gas emissions has provided a glimpse of a low-carbon future.
With the EAT THIS webinar series, World Horti Center and Nethwork want to connect horticulture to the vision of thought leaders from within and outside the sector.
Equilibrium Capital has invested $82 million in AppHarvest for the construction of a high-tech, climate-controlled greenhouse project in Morehead, Kentucky.
Startup company AppHarvest is looking to introduce a new, more sustainable method of farming through the construction of a massive greenhouse in Kentucky where it will grow produce to sell to top grocers across the nation. AppHarvest Founder and CEO Jonathan Webb joins “Squawk Box” to discuss the initiative.